Review on Bibox Token by Fanuel PORPORTY
The native bibox exchange token, The token has several advantages
Bibox is an exchange site founded in November 2017 by Chinese people. The site offers just under 200 different trading pairs and is regularly found in the top 10 exchanges with the largest volume of crypto-assets traded. The transaction fees charged by the platform are 0.1%, which places Bibox among the most competitive exchange sites in this area.
The BIX token is an ERC-20 token that has been distributed via an ICO. By holding the BIX token, it is possible to benefit from certain advantages. Here are the different advantages that the Bibox Token provides
1. By holding BIX tokens, you will be entitled to a share of 20% of the company's profits, in proportion to the number of tokens that you hold. This amount will be paid to you weekly
2. Each time you trade on Bibox, a commission will be taken. By owning BIXs, you will receive discounts on the commissions you pay
3. When a new function is available on the platform, holders of the Bibox Token can use it (temporarily) for free.
4. Fuel to operate the decentralized exchange
Pros
- The exchange site is pleasant and easy to use.
- There are almost 200 trading pairs available.
- Eventually creation of an a priori decentralized exchange.
- 25% of the company's profits will be used to buy tokens and these will be burned every 3 months until reaching a total amount of tokens equal to 200 million.
Cons
- The distribution of tokens is absolutely outrageous. If we add the tokens bought by the public with those bought by the angel investors, this amount is barely higher than those held by the team.
- The market for exchange sites is very competitive
- It is extremely difficult to get information about the team behind the project.
