$ 0.005 -1.98%
BiboxCoin (BIX) Rank 1977
| Mkt.Cap | $ 124,007.00 | Volume 24H | 7.44 MBIX |
| Market share | 0% | Total Supply | 271.52 MBIX |
| Proof type | N/A | Open | $ 0.0055 |
| Low | $ 0.0052 | High | $ 0.0055 |
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In addition, there are some VIP apps that can only be accessed by those holding the Bibox Token (BIX). Bibox is the name of a cryptocurrency exchange that makes use of multiple tools to succeed. In fact, this company describes itself as an artificial intelligence enhanced crypted digital asset exchange.
Additionally, Bibox has easy to understand fees for all users (which we’ll cover in a bit). If traders use the Bibox native token, BIX, when trading, they receive a 50% discount on all transaction fees. Bibox is a cryptocurrency platform located in China. Founded in 2017, both the exchange and its native token are referred to as Bibox, which may cause some confusion. Users typically refer to the coin by its ticker name, BIX.
Both the profit payout and the trading discounts and fantastic benefits to those who invest in BIX. Depending on your daily trading, you could see your fees drop all the way down to zero. Bibox stipulates that BIX holders have to trade at least one time a week on the platform in order to get their 20% profit payout.
Having this type of advantage is a huge win as it gives investors an edge as they go about their daily trading. If and/or when investors purchase BIX to gain access to the VIP tools, it makes sense that the value of the token would move up. The main difference between a token that offers no value and a token with potential is the ability to meet the needs of its users.
The main goal is to provide the quantitative computation and analysis of the trading. There is also a plan to include fiat currencies in the exchange in the near future.
What is BIX?
Investors can buy long to make profit when the digital asset rises in value or can buy short to make profit when the digital asset decreases in value. The exchange does not accept any other deposit method than cryptocurrencies, so new crypto investors are actually restricted from trading at Bibox.
Bibox also offers its BIX token, which gives users the ability to reduce their fees. The exchange has its own token which when used gives users a discount on transaction fees. The BIX token is an ERC20 based coin which resides on the Ethereum blockchain.
Additionally, Bibox follows the best practices of trading fee redistribution and quarterly token burns. The Bibox exchange’s commitment to transparency has resulted in an invitation to the CoinMarketCap’s Transparency Alliance. BiboxTokens is a Bibox Exchange related Website featuring a Bibox Reward Calculator & a variety of Information about the Bibox Crypto Exchange. Our Bibox Calculator takes the 24hour volume of the Bibox exchange and multiplies it by the trading fees. We use your input to make a calculation based on the information Bibox provides.
Until you verify your identity, you’re limited to trading the equivalent of 2 BTC every day. Bibox stays current with all regulatory requirements and safety protocols, so you know that you’re trading on a secure site. Additionally, Bibox offers its users the ability to set up 2-Factor Authentication, which helps to create an additional layer of security for your account. Therefore, any trade made on Bibox, including margins, will result in a 0.1% fee charged to the asset.
The Litecoin Foundation has announced a partnership with Bibox Exchange and blockchain firm Ternio to release a physical cryptocurrency debit card. Bibox is an AI-enhanced encrypted digital asset exchange platform. The founding team is formed by top tier Chinese blockchain and crypto giants.
- In terms of security, based on the reviews, the exchange has been recommended to users who value privacy and prefer not to provide personal information.
- Alicia Pan is the Vice President of Market, Estella Liu is Business Development Manager, and Jian Qin heads up the North American Region.
- Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money.
- It doesn’t hurt that it ranks in the top 10 of all exchanges in terms of daily trading volume.
- When you compare the core functionality of Bibox with other exchanges it looks very similar to most of the centralized exchanges.
BIX already has a working exchange it can point to for potential investors which sets it apart from some of its competitors. It offers an active and involved community and has a low valuation. Additionally, Bibox lets holders vote on new coins before they are listed. If you hold at least 200 BIX, you can cast your vote when the exchange wants to add new altcoins to its platform.
The BIX coin launched at a price of $0.2647, however, just a few weeks later the token was worth $2.67, a 1,000 percent increase. This trading platform charges a withdrawal fee amounting to the network fee.
All Data You May Need about Bibox Token Perspectives and Cost
It also provides discounts to holders of its native token, BIX. A Bibox exchange review also shows that they serve the crypto community via no less than 196 markets, placing them solidly within the top 20 cryptocurrency exchanges by volume. This is hugely positive and a direct result of the hard work that has been done at Bibox in terms of modernization and development. They also seem to be ready for mass crypto adoption as their platform is allegedly capable of handling more than 10 million users at the same time. It is unclear how they are ready to serve that many users at the same time as their exchange can allegedly handle only 1 million transactions per second.
Speaking of the Bibox exchange, if you decide to invest in BIX, you’ll be doing so on a platform that is reliable, secure, and has a solid amount of volume on a daily basis. BIX holders get additional privileges like early access to new applications. Not only are new applications available beforehand to those holding BIX coin, but they also won’t pay fees when putting their new features to use on the Bibox exchange. If you’ve never heard of Bibox before, don’t feel like you’re out of the loop. Many involved with crypto aren’t aware of the exchange or the coin that accompanies it.
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Bibox seems to have a native token called the Bibox Token (BIX). A Bibox exchange review reveals that the BIX token, an ERC20 token, serves as ‘fuel’ for the decentralized transaction service offered by Bibox.
The Bibox Token (BIX) has a structured plan for the next five years in which in the first year, traders get fifty percent discount on fees. In the second year, traders receive 25 percent discount while in the third year they receive twelve percent discount.
At present, there are well over 270 million tokens in circulation. These tokens will however be burned on a regular basis until the supply of tokens reaches the 200 million level. Under this metric, BNB is actually 15% undervalued compared to BIX.
When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. Prices provided herein may be provided by market makers and not by exchanges. In order to protect BIX token holders, the initial team has lock-in periods, with no more than 20% of total BIX tokens allocated saleable annually.
BIX coin debuted on the Bibox exchange on November 20th, 2017. At the time of its launch, the token could only be bought using either Bitcoin or Ethereum.
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When you compare the core functionality of Bibox with other exchanges it looks very similar to most of the centralized exchanges. Market Overview Watch updated crypto prices, market caps, volumes.
