Review on Bispex by Stephen Toluwani
BPX token records good daily volume but it has no working product
The Bispex token is an Ethereum based utility token project of the Bispex spot and derivatives crypto exchange. The Bispex exchange was created to offer a prediction market for crypto asset and it's token BPX was created for this purpose, to facilitate liquidity for it's prediction markets. The Bispex exchange couldn't go far, but it's token still seems to be surviving under the harsh brunt of its parent exchange going under. The BPX token still trades on a number of three major crypto exchanges with good volumes in thousands to millions of dollars being recorded daily. The volumes this project token records daily is enough to make one fall for it as an investment opportunity but I see this wrongly. The reason for my negative views for the token as an investment option is the fact that it has no working product, purchasing into the token is like taking a wild guess on something not valuable. I have made a lot of research to see if this token still has any other usefulness outside it's parentits parent Exchange but couldn't find any. Unless stated otherwise by someone else, I don't think this project has a working product and this makes it unwise for an investment option.
Pros
- The popularity of this token has helped keep it's price and volume rising despite it's ill-fated parent exchange
- It's listed on 3 different exchanges with good trading volumes
Cons
- With the demise of its parent exchange, it's use case has been diminished
