This is a useful token of the BIBOX exchange, however it is not limited only to this exchange since it is possible to find it on different platforms.
In particular, this token works similarly to other popular exchanges, discounts on fees or earnings. Although this is repurchased by the exchange and burned something that Binance does for example and thus reduce the amount of available assets and can increase its value.
Its biggest problem is that in order to be valued it is necessary that this exchange grow, that is to say that it is more used.