Review on Bilaxy Token by LUIS RIVERO R
Official token of Bilaxy exchange.
This is a utility token of the cryptocurrency exchange Bilaxy has just three trading pairs within the exchange, it is mainly used to pay rewards to its users and bonuses in different promotions. Its only support is the exchange and the negotiation that takes place there, however in the past this project has been declared due to a possible increase in apparent volume.
As an investment asset it has not had a good performance since since its launch in pre-sale it was about $ 0.00604 and at the time of this publication its price has fallen more than 50%. When verifying in the block explorer, 110,346,347.8 BIA have indeed been burned, which is equivalent to 5.5% of the total.
In general, the utility of this token is not different from that used by other exchanges with their respective tokens, it is used to reduce the commercial fee up to 50% as long as you keep the token in your wallet.
Pros
- You receive discounts for holding.
- Volume reduction with the buyback and burning of tokens.
Cons
- The daily volume is not verifiable.
