Review on Bibox Token by Azad Aliyev

Bibox is one of the exchanges with amazing trading volumes that you often see on some market aggregators, but when you visit their website, it looks almost the same as any other general exchange. Bibox claims that its daily transaction volume is as high as $ 1 billion or more, but many data collection companies say otherwise: based on CoinGecko's methodology, Bibox's actual transaction volume can be as low as 0. , 3% of your reported transaction volume (!). being used The staggering 322 times multiplier is over the top. However, this approach is not unique to Bibox, because the "inflationary competition" between these exchanges (mainly Chinese) has grown to a strange level. However, we have carefully studied Bibox and given it a fair rating, which is the one that best conveys its position in the market.

From user experience, to be blunt, Bibox nailed it almost to perfection. The site is responsive, quick to load, easy to navigate, and has useful knowledge and a help center. The live chat support team responded surprisingly fast, English is very good, not suitable for this type of communication, and they work professionally to help users solve their problems. However, the performance of it is not good; many functions of the exchange are below our expectations. Many available user wallets are under maintenance or tokens removed. This makes people wonder why Bibox listed it in the first place. Multiple tokens before being removed from the list. The Bibox fee price is very competitive, and the basic fee before discounts for having BIX tokens is 0.1. Unsurprisingly, most of Bibox's deducted points are the result of many accusations of allowing (if not actively coordinating) extreme trading volume manipulation and reporting on its platform.

In terms of functions, Bibox is slightly below average, with margin trading, mobile applications and a wide range of asset options as advantages; on the other hand, without local legal currency support, the margin trading interface may be difficult to understand, and many assets are very liquid. Low (this may cause them to be delisted in the near future). When the

Bibox team chose to portray their own team, they were portrayed as well-trained blockchain experts and enthusiasts; due to the extremely limited information on the equipment, we could not actually evaluate this statement. Only a few employees have public profiles on LinkedIn and Bibox sites, as well as any other resources written in English that barely mention the team or their achievements, and then start the cryptocurrency exchange, requesting their funds as pioneers Provide their services.

Bibox has a remarkable social effect, spanning a relatively large number of platforms and serving various users and communities. They often post their latest business competition or update their platform, mainly on Twitter, rarely on LinkedIn, their Telegram channel seems chaotic, and administrators struggle to adapt to users’ problems.