Review on Bibox Token by Inioluwa Okedeji
Bibox Token (BIX): The Native Currency Of The Bibox Exchange Platform.
Bibox token(BIX) is the native currency of the Bibox exchange and as other native tokens are to their platforms, BIX can only be used on the Bibox exchange.
The one particular feature I've come to notice about all native tokens is that apart from providing revenues for their parent platforms, the holders of these native tokens are privileged to some special benefits.
BIX is an ERC20 ethereum based token and like all ethereum based tokens, it is backed up by the ethereum blockchain. Although the one thing I know that scares people off from the ethereum blockchain is the exorbitant gas fee, but I don't know if these fees also applies to ethereum based tokens because if it does, it is a huge disadvantage.
The BIX token has the following benefits;
1. For every trade or transaction conducted on the Bibox exchange using the BIX token, there's discount and reduction in transaction fee attached.
2. Holders of the BIX token are eligible to receive 20 percent of the shared revenue of the Bibox exchange.
3. Holders of the BIX token are also privileged to get early access to new investments opportunities and new developments. So holders simply get a front row ticket to any new development on the Bibox exchange platform.
Even though I haven't used the Bibox exchange before nor have I traded with the token itself, but my findings have shown that its features aren't much different from other native tokens.
As the BIX token can only be used on the Bibox exchange, it can also be aqcuired only on the Bibox exchange and nowhere else.
Pros
- BIX token holders are entitled to the shared revenue of the Bibox exchange.
- Holders also get discount and reduced transaction fee for every trade done with the BIX token.
- The BIX token is an ERC20 ethereum based token.
Cons
- The value of the BIX token is low.
