Review on Bibox by Robiul Islam
Whenever you look at Bibox you see a lot of things taken from some other…
Whenever you look at Bibox you see a lot of things taken from some other exchanges, so I just thought that was interesting they haven't really redesigned much of the core interface designs that other exchanges have used, they're really just trying to mix up the backend and the security and automation side instead of the actual interface itself, another thing they copied from other exchanges is the Bibox coin is very similar to BINANCE coin and where it gives you minus 50% and fees so they're trying to create a buy pressure on their coin and then over time they're going to be burning their coins just like BINANCE and sort of creates artificial volume and so I thought that was interesting and it's cool that there's the sort of this trend of exchange is doing this I think that's pretty interesting and I thought it was also interesting that Bibox decided to copy by BINANCE almost directly in that way, now aside from copying some other exchanges and adding in some new features they also have this really cool thing built in it's almost like a staking type thing built directly into the website.
Pros
- Bibox is trying to incorporate a lot of AI and big data into stopping trading anomalies and manipulation and different things that go on in an exchange in order to make the best trading experience for the user, that means not making large fake orders not doing anything that might antagonize a user on the exchange from manipulation and other things like that they're trying to incorporate BOTS and AI in order to automate and control the markets, so that it's not just a crazy free roaming market like you see on Finance or some other exchanges, so I'm guessing that can maybe lend itself to preventing pump and dumps preventing manipulation and so on and so forth I'm not really sure of the full capabilities of what they're doing as they haven't released that much information on it but it definitely seems very interesting as there aren't that many exchanges trying to do something new.
Cons
- Some of the biggest features aside from security and safety is that be box also has some cool alternative features to what they do and that includes planned conditional iceburg stop loss and gain orders a bunch of basic automation built into the exchange so that's really cool because you don't see that many exchanges building in automation. It's definitely cool to see this exchange trying to add in some automation features and new features that are built into the exchange.
