BBOD is a cryptocurrency derivative trading platform with focuses on large scale trading for retail and institutional clients. Unlike the everyday digital asset exchange service which organizes coin offering while launching such that users can trade with its in-house token, BBOD is already online and active before selling out the token with at least 17 perpetual future contract already. BBOD opened for business in October 2019 is incorporated in the republic of Seychelles with a team 35 dedicated cryptocurrency enthusiast including 25 in-house software developer. The fundamental objective of almost any cryptocurrency exchange providers are usually to create an enabling environment that allows their customers (users) thrive and conduct trading business seamlessly with an easy interaction between the various tokens listed on the platform. BBOD is inclined to put all of those in play while also adding to their service a completely secure and transparent market place with a TUSD- stablecoin collateral.
In the quest to ensure a unique service is provided to the highly esteemed institutional clients making use of the platform, BBOD has drawn out 5 basal operational landscape and problems including; Transparency, Crypto Currency Exchange Hacks, Huge Trading Fees For High-End Traders, Zero Market For Smaller Coins, and a Separate Margin Wallet For Each Contract. In this article, we'll be exploring how BBOD is set solve these problems and make a groundbreaking competitive advantage out of it.
1. Non-Custodial Account
Holding your digital assets in a derivative exchange such as (Bitmex and Bybit) means you agree that the developers of the platform have a private key to your digital assets. BBOD is built to change this narrative and give users complete access to their assets by holding users asset in a completely different decentralized smart contract account. Since no private keys are created, there is no chance for hackers to take advantage of any users account.
2. Complete Transparency
BBOD is set up to match users off-chain balance with their on-chain account and send them daily update. The users have access to privy information like the total number of account created by contract on the platform, the amount traded daily on the platform and more importantly, BBOD sends users proof of reserve and solvency audit from time to time.
3. Zero-Fee On Future Trading
All transactions settled with BBOD's token BBD will be totally free. For example BBD/ETH or BBD/BTC. Traders on the BBOD platform will need to use BBD as a collateral.
4. Giving Altcoins A Chance On Derivative Platform
Most cryptocurrency derivative exchange platform do not have the technological prowess to process the trading of small and medium sized tokens on their platform. This is because of the volatility of the prices of small the coins. BBOD proposes to make use of a proprietary soothing technique which help to ensure, to an extent, the stability of the prices for smaller coins relating to liquidity drainage. Users also have the privilege of choosing which cryptocurrency contract they want listed on the exchange our time. BBOD will be running a pop on it social media handles to get the opinion of users.
5. USD Backed StableCoin As Collateral
Crypto traders are mostly required to present a broad range of asset they wish to trade is collateral before trading can be approved. On BBOD, the set up of futures contract on the platform is made to support a USD stable coin (TUSD) which can be presented as collateral to trade a broad range of asset.
To Wrap It Up
The multi-asset trading platform also bring social responsibility into its operations as it sets up a BBOD Green Trading initiative that makes users participate indirectly through their trading fees in selected social responsibilities. BBOD will be donating 15% of its trading fees to selected social projects which would be selected by its users via a poll that will be ran on BBOD's twitter social media handle.
BBOD token sale is still live! Do not miss your opportunity to get tokens right now for the best price. The original price is set to 0,65$ per token, but you still have the chance to get a 60% discount and grab tokens for only 0,28$. Hurry up guys, this offer would not last long!
For more detailed information about BBOD project, here are some useful links:
Website: https://bbod.io
Token sale: https://bbod.io/offering
Whitepaper: https://bbod.io/static/BBOD%20(BBD%20token)%20Whitepaper%20-fdd1ea02f2f8d007fac75d9b369d3962.pdf
Telegram: https://t.me/BBODCommunity
Twitter: https://twitter.com/BBODTrading
Facebook: https://www.facebook.com/BBODTrading
Linkedin: https://www.linkedin.com/company/bbod/
Instagram: https://www.instagram.com/BBODTrading/
Announcement Thread: https://bitcointalk.org/index.php?topic=2251863.0
Author:
Telegram: @nik95rnd
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1226375