Review on Bibox Token by Temitope Babatunde
Potentials of Bibox Token
Bibox token which has Bix as its symbol is a token built on the network of ethereum and it is native token to bibox exchange which is based in Hong Kong. The objective of the team is to use it as gas when they will have bibox DEX in the future.
Bibox team did ICO for bix token in October 2017, the event was very successful and within a short period of time the token make over 1000 percent return from its ICO price. The bibox team is using every strategy to make bix token more valuable.
The holder of bix has some privileges which will make people want to hold it. For example, a trader that use bix to pay fee during transaction will only pay 50 percent of the normal fee. In addition those that lock their bix token on bibox exchange will get out of the 20 percent of net profit that bibox use to share every Friday, but under one condition that the person must at least make a trade within the week.
The bix token also give the holder who hold at least 200, the privilege to vote for the coin to be listed on the exchange. And anytime that there will be new features or applications on the platform the bix token holders will be the first set of customers to enjoy the benefits.
There is certain percentage of their net profit set aside by the team seasonally to buy back the bix token from secondary market and burn it, this will be reducing the number of bix token in circulation thereby increasing its price.
Among over 200 million of the bix token. 140,million is locked by the team from which they will be unlocking 20 percent each year.
Pros
- It gives return every week.
- It has potential to grow in value
Cons
- It's potential to grow in value depend largely on how successful bibox exchange is.
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Comments (4)
May 18, 2020
Bibox Token (BIX) is an ERC-20 compliment of Ethereum based token . The Bibox Token were used by Bibox digital asset exchange to support their platform. Users were also incentivized to trade by paying the fee in Bibox Tokens. Users get 50% discount for the first year, halving the following 3years.
May 17, 2020
The box token holder has some privileges which will make people want to hold it. The trader that use box to pay fee during transaction will pay 59% of the price. The holder of at least 200 have the privilege to vote for the coin to be listed on the exchange and whenever a new feature comes the box token holders will be the first to benefit from it.
May 17, 2020
Bibix can be trade using mobile device. You can withdraw from it through sending your cryptocurrency to your personal wallet address. It has proven to be reliable and trustworthy exchange that yet to be hacked.
May 17, 2020
The Bibox Token (BIX) is a cryptocurrency built by the Bibox exchange. When you hold this BIX Token in your Bibox account you receive rewards / dividends on your holdings. Holding BIX also allows for the privilege to use new applications, trading fee discount, rewards & more.
