General Characteristics

Biokript ($SBKPT) is a hybrid crypto exchange that offers the key features of centralized and decentralized platforms. It fuses the security and privacy of decentralized exchanges with the speed and efficiency of centralized exchanges. Biokript’s whitepaper reveals that it supports three fiat currencies: USD, EUR, and BAM. Users trading these fiat currencies must undergo the Know Your Customer (KYC) and Anti-money laundering (AML) verification process. This aligns with Biokript’s Shariah compliance. The hybrid exchange believes this compliance will benefit over 1.9 billion Muslims worldwide and even non-Muslims interested in tapping into the “safe and secure return on their investments.” The exchange’s native token, $SBKPT, is built on the layer-1 BNB Chain. Since the beginning of 2024, the exchange has expanded its native cryptocurrency to other blockchain networks, such as Polygon, Arbitrum, and Solana. The platform has also secured partnerships with key players in the tech industry, such as Microsoft, paving the way for increased security and overall performance.

Roadmap

Although Biokript has attained multiple milestones since its smart contract deployment in November 2022, it has continued to expand its ecosystem. The project aims to achieve the following:

• Launch the Biokript mobile app for iOS and Android.
• Introduction of advanced toolsets for trading operations.
• Expanding the exchange’s token listings to include more diverse crypto assets.
• Expand to other blockchain networks like the Ethereum network.
• Secure partnerships with more companies and onboard diverse projects to its ecosystem.

Functionality and Utility

Biokript’s primary utility is providing hybrid services to users. Its native token, $SBKPT, also unlocks several utilities for community members. Based on their $SBKPT holdings, they receive 50% of profits from trading fees and “steep discounts” on trading activities. This mechanism complies with the Islamic Mudarabah principle, which entails that both the investor (rabb al-mal) and the manager (mudbrib) share profits. $SBKPT holders also receive 15% of listing fees and liquidity generated. Token holders benefit from price uptrends $SBKPT experiences on the crypto market.

Market Performance and Dynamics

$SBKPT has a total supply of 500 million tokens. The token allocation entails that 35% is for token sales, 30% for treasury, airdrops, and the community, 15% for founders and team, 15% for listing and liquidity, and 5% for advisors/ambassadors. The exchange’s token also supports periodic token burn to boost $SBKPT’s market value. The project’s website reveals that 10% of trading fee revenues will be burned every 90 days. When there are insufficient trading revenues, the token burn occurs from the Treasury. On-chain data reveals that $SBKPT has a fully diluted market capitalization of $296K+ and a total value locked (TVL) above $19K. Its trading price was $0.00059 at the time of writing, representing a mild 2% increase in 24 hours.

Community

Biokript is backed by a vibrant community across several prominent social platforms. It has 35.5K followers on X alone. The exchange also boasts 11.2K+ members, 6.3K+ followers, and 7.5K followers on Telegram, Instagram, and Facebook, respectively.

Pros

• Detailed roadmap.
• Shariah-compliant.
• 24/7 customer support.
• Boasts a partnership with Microsoft for enhanced security.
• Has a solid community on social platforms.
• Harnesses decentralized and centralized features of crypto exchanges.
• Implements periodic token burns.

5 Questions to the Biokript Team

1)BIOKRIPT is positioned as a hybrid exchange combining the best aspects of CEX and DEX models. What inspired this hybrid approach, and how do you think it addresses the current challenges in both centralized and decentralized exchanges. The flaws in today's cryptocurrency trading system inspired our hybrid approach. The primary issue is the centralization of cryptocurrency exchanges, which has proven to be unreliable. The events of 2022 exemplified this, with the collapses of Celsius, Voyager, Babel Finance, and FTX. People trust centralized platforms with their funds, yet there’s no guarantee they’ll ever get them back. This has always been a problem, remains a problem, and will continue to be a problem until a real solution emerges. That solution is Biokript. 2)Your partnership with Microsoft adds a layer of credibility and innovation to BIOKRIPT. How has this collaboration influenced the platform's development, and are there any specific technologies from Microsoft that have been crucial in enhancing BIOKRIPT's security or functionality? We are blessed that Microsoft has accepted us into their Founder’s Hub Program. This gives us access to Microsoft’s infrastructure, ecosystem, and business connections, all free of charge. One of the biggest challenges for any tech startup is the high cost of infrastructure. Maintaining and paying for servers can become prohibitively expensive, which is why many startups fail within the first few years. Thanks to Microsoft’s support, we have those costs covered, allowing Biokript’s team to focus entirely on development, growth, and innovation. This collaboration has directly influenced our development in several key areas, particularly through the integration of cutting-edge Microsoft technologies.

1. Cloud Infrastructure: One of the most significant benefits of partnering with Microsoft is access to their Azure cloud services. Azure provides Biokript with scalable, reliable, and secure cloud infrastructure, which is essential for handling high volumes of trading activity and ensuring optimal platform performance. The scalability of Azure also allows us to grow without the burden of managing extensive hardware infrastructure.
2. Enhanced Security: Microsoft’s advanced security solutions have played a crucial role in safeguarding Biokript’s platform. Azure offers built-in tools such as Azure Security Center, multi-layered security protocols, and AI-driven threat detection, which help protect user data, assets, and transactions from malicious attacks or breaches. This has significantly strengthened Biokript’s security architecture.
3. AI and Machine Learning: Biokript is also leveraging Microsoft’s AI and machine learning tools to improve user experience and optimize trading algorithms. These technologies enable us to analyze vast amounts of data in real time, predict market trends, and offer better trading insights, making the platform more intuitive and efficient for users.
4. Development Tools and Integration: Microsoft's development ecosystem, including Visual Studio and GitHub integration, has accelerated the development and deployment of new features on Biokript. These tools provide a streamlined and collaborative environment for our developers, allowing us to push updates faster and with fewer errors.

Overall, the partnership with Microsoft has allowed Biokript to build a more secure, scalable, and innovative platform. By integrating their technologies, we’re able to offer users a more seamless and secure trading experience, setting us apart in the competitive crypto landscape. 3) What makes Biokript different than other platforms?

• Hybrid Exchange Model: Unlike most platforms that are either fully centralized or decentralized, Biokript combines the strengths of both. Users enjoy the security, transparency, and self-custody of decentralized exchanges (DEX) alongside the liquidity, speed, and convenience of centralized exchanges (CEX). This hybrid model offers the best of both worlds.
• Profit-Sharing Model.
• Self-Custody of Assets: With Biokript, users retain control over their private keys and funds, ensuring that they have full ownership of their assets at all times. This reduces the risks associated with centralized exchanges, such as hacks or mismanagement of funds.
• Liquidity Mining: Biokript empowers its users through liquidity mining opportunities. BKPT and SBKPT token holders can provide liquidity with their tokens and be rewarded with lucrative rewards.
• Cutting-Edge Security: Biokript integrates state-of-the-art security protocols, including multi-signature wallets, decentralized asset storage, and strict compliance with industry best practices. This ensures that users' assets remain safe, even in a highly volatile crypto environment.
• Access to Meme Coins and Emerging Projects: Biokript is committed to listing a wide range of digital assets, including popular meme coins and innovative new projects. This broadens the trading opportunities available to users and allows them to invest in trending and promising assets.

These features make Biokript a distinctive and innovative platform, providing a blend of security, transparency, community participation, and ethical trading that appeals to a diverse and growing crypto audience. 4)BIOKRIPT’s model fosters a community-driven ecosystem. What strategies do you have in place to continuously engage with and grow your community, especially when incentivizing long-term holding of BKPT and SBKPT tokens? Biokript’s model is centered around building a vibrant, community-driven ecosystem. To continuously engage and grow our community, we implement several strategies:

1. Liquidity mining and Rewards Program: To incentivize long-term holding of BKPT and SBKPT tokens, we offer a liquidity program that allows users to earn rewards based on the duration and amount of liquidity provided. This not only encourages long-term commitment but also provides ongoing benefits to our holders.
2. Exclusive Access and Benefits: We offer token holders exclusive perks such as early access to new features, priority in token listings, and reduced trading fees. These benefits are structured to reward long-term holders who believe in the platform’s growth.
3. Educational Content and Community Initiatives: Regular community updates, educational webinars, and AMAs are held to keep users informed and engaged. We also run initiatives like referral programs and community contests, which encourage organic growth and foster strong relationships within the community.
4. Partnerships and Collaborations: By forming strategic partnerships with other projects and platforms, we’re able to bring value and opportunities to our community, further incentivizing holders to stay engaged long term.

Through these strategies, we ensure that Biokript remains a thriving ecosystem where both new and existing community members are rewarded for their long-term commitment. 5)What are some of the key milestones you hope to achieve in the next 12-18 months? How will these shape BIOKRIPT’s position within the competitive landscape of hybrid exchanges? Over the next 12-18 months, we have several key milestones that will significantly shape Biokript’s position within the competitive landscape of hybrid exchanges:

• Full set of tools available to our partners: Within the next 5-6 weeks, we will release our launchpad, MM bots, and arbitrage bots, so projects that get listed with us can have everything at their disposal in order to succeed.
• User Base Expansion: We aim to significantly grow our user base by focusing on community engagement and strategic marketing efforts. By targeting key markets and demographics, we plan to establish Biokript as a go-to platform for both crypto novices and seasoned traders.
• Token Utility and Ecosystem Growth: We will continue to expand the utility of BKPT and SBKPT tokens within the Biokript ecosystem, including enhancing liquidity mining rewards, and exclusive benefits. Growing the ecosystem through token utility will attract more long-term holders and strengthen community involvement.
• Strategic Partnerships: Establishing partnerships with other blockchain projects, DeFi protocols, and industry players is a crucial goal. By integrating with external platforms and collaborating on new products, we can broaden our reach and improve our service offering, making Biokript more competitive in the global market.
• Compliance and Regulatory Milestones: In an increasingly regulated space, ensuring that Biokript complies with local and international regulations is essential. We will focus on obtaining necessary licenses and adhering to regulatory standards, which will boost user trust and position Biokript as a secure and compliant platform.
• Continuous Innovation: Our commitment to innovation includes rolling out new features, such as advanced trading tools, improved liquidity solutions, and enhanced security measures. These developments will differentiate us from other hybrid exchanges and ensure we stay ahead in the fast-evolving crypto landscape.

By achieving these milestones, Biokript will be well-positioned to compete in the hybrid exchange space, offering users a unique blend of decentralization, security, and functionality that few platforms can match.

Official links

CA: 0x6448be0ca45a7581d9c4c9dd665e14ec60b25113 Whitepaper Website Twitter Telegram Facebook Instagram

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