Header banner
Revain logoHome Page
Lenon Cabrera photo
1 Level
22 Review
20 Karma

Review on Bibox Token by Lenon Cabrera

Revainrating 5 out of 5

In general it is a very good project having a very good positioning among the…

In general it is a very good project having a very good positioning among the major exchanges that currently have more volume of daily transactions as Binance, and Huobi, its easy operation allows every user to understand in a first impression how operations are done within its ecosystem, understanding this I see a very good projection in time.



Pros
  • Bibox Token is an intuitive platform, where traders can easily make their purchase, sale, deposit and withdrawal operations. The Exchange does not charge for any deposit that is made and additional through your token can enjoy a 50% discount on the use of BIX payment rates according to each transaction that is made, features very similar to the Exchange that has higher volume currently as they are: Binance, Huobi and kucoin. As for the withdrawal rates, they are reasonable according to the kryptonite that is going to be withdrawn, nothing too exaggerated according to what is currently being experienced in the entire Blockchain ecosystem, which is very positive when it comes to trading and withdrawing our profits. A positive and interesting aspect that has the platform, is that each quarter uses 25% of its net profits to burn BIBOX TOKEN, a feature that benefits the price of it, as it opens less BIBOX circulating in the market, increasing demand and decreasing supply which gives a projection to medium and long term interesting enough for more people to use it to trade, in addition to all this, I think it is very good that you encourage all those who keep BIBOX on the Exchange, are rewarded with 30% of their earnings every Friday, with the only requirement to trade at least once a week with any token and any amount, something very good because it attracts a lot of attention from investors who want to explore other means of exchange, despite being a young Exchange is currently among those who move the largest volume of transactions daily, taking the number 9 position. Finally, with these BIBOX tokens you can also vote for a currency to be smart, which I think is great for more trading opportunities and returns.
Cons
  • The platform does not show data about the team behind the creation of BIBOX TOKEN, which we cannot see either in information gathering platforms such as CoinmarketCap, in addition to this the project has an Asian origin, so that eventually there could be regulatory problems that could take the Exchange by surprise and compromise the funds of all investors in question.

Similar reviews