Blue Sapphire Trading Launches Comprehensive Crypto Ecosystem in Dubai

Dubai’s Blue Sapphire Trading (BST) Group has launched an innovative crypto ecosystem aimed at revolutionizing the global cryptocurrency and blockchain industries. This comprehensive ecosystem includes the BST Coin, an asset-backed cryptocurrency, BST Chain, Sapphire Exchange, BST DEX, and E Sapphire, among other initiatives. The BST Coin and its associated platforms are designed to ensure prices of cryptocurrency rise with each trade, backed by real-world assets to counteract the speculative nature of the market.
Dr. Farooq Abdal, founder of BST Group, introduced this ecosystem as a solution to the volatility in the cryptocurrency market, promising a system where traders can buy or sell asset-backed tokens without the fear of losing money due to price collapse. The BST Chain, in particular, sets new benchmarks with its 100,000 transactions per second speed and 3-second block formation time, focusing on the tokenization of high-value assets like Kashmiri Blue Sapphires.
BST Group’s initiatives are not just limited to the cryptocurrency market; they aim to transform real estate, gemstones, and smart cities internationally. With strategic partnerships in over 18 countries, the BSTC coin is set to facilitate transactions in various sectors, showcasing the versatility and potential of BST’s technology. E-Sapphire, or ESP, represents a pioneering project within the BST ecosystem, enabling users to engage in digital sapphire mining and investment.
This significant development by the BST Group in Dubai underscores their commitment to innovation and their vision for a ‘Phygital’ world, where physical and digital realms blend seamlessly. The launch of their main net, BST Chain, marks a milestone in their journey towards creating a more stable, efficient, and transparent cryptocurrency market.