The financial world is a fundamental aspect of a civil society and with the creation of money as a medium of exchange, people are equipped with a tool to exchange goods and services among each other which is the foundation of a modern society. As new innovations continue to emerge, so also the concept of money continues to evolve and for more than a decade now a new concept known as cryptocurrency has came into existence which some excellent features that can the inefficiencies of fiat currency.
Issues
Even with all the numerous benefits that comes with crypto assets, cryptocurrency is still unguarded to a lot of unexpected occurrences. We know that blockchain innovation and its underlying decentralised currency is unique but even with the transparency that comes with them, the trading platforms where traders can trade crypto assets are currently weak which makes them to be prune to hacking by bad actors. We have read numerous stories time without numbers of how crypto exchange was hacked and lost money to hackers. I even read today that Upbit which is South Korea exchange was hacked today and the hackers stole more than 51 million USD from the platform.
Apart from the lack of adequate security architecture on most of the crypto exchange platform, most of them also lack some innovative features that can be use to offer decent level of leverage for different kinds of traders. Let's not forget that some of this trading platform are not transparent at all and they also have some ulterior motive. I read recently of an exchange in Canada that was convicted of fraud. Prosecutor found out that the exchange has already gone bankrupt and they using traders fund to run the platform.
The incidents of hacking has negatively affect the reputation of cryptocurrency and many see this space as ecosystem that gives scammers space to thrive without facing any responsibility for their actions. With all these happenings, I will use this time to share my views about a credible exchange platform which is made up of 35 professionals who are ready to do things in a different way. Take your time to read my takes about the exchange to the end.
BBOD
With what I have written above, my readers would have understood that the project am writing about is a crypto exchange, yes it is and its name is BBOD. The platform is built in a way that the security of user crypto assets in the platform is with him which is his private key and with this approach, no hackers can hack the exchange. BBOD has been able to solve the most significant problem in trading platforms but this is just a tip of the iceberg of what BBOD is made of. We will get to know more about the innovative features of the platform before the end of this article.
Unique Features
Apart from the exchange unique security feature, the team behind the exchange is highly transparent about their balances and also the accounts of each of their users. Accounts within the platform will be always updated daily and its records will always be placed on Ethereum network which can be verified by anyone. More so, apart from the balance sheets of accounts within the platform, the trading activities of each of the platform users will also be verifiable. The statistics of the total number of user, their trading activities and also the number of contracts they've created in the platform will also be available. In short, BBOD is an embodiment of transparency which is a rare value in many crypto trading platform.
To add to the existing array of features of the platform is the development of a super fast algorithm for the calculation of complex index which will be used to control volatility that are artificially provoked and with this, the platform will coin a niche for itself as a liquid platform for the trading of different contracts futures.
The platform is also equipped with features that allow leverage in small and big level and with this BBOD has made itself to be more accommodating than other exchanges that offer future contracts. The platform plan to have future contracts for more than 50 cryptocurrencies in the first of half of next year and more than 100 before 2020 runs out.
Advantages of BBOD Platform
One of the main benefits of the platform is the zero trading fee for all holders of the platform utility token known as BBD. BBOD platform will be the first platform that will offer 100% zero-fee for their token holders who trade futures contracts within the platform and all users within the platform will also be able to trade BBD token against Bitcoin, Ethereum and TRUEUSD.
The platform will also provide the service of futures contracts trading and within the platform, traders will be able to take advantage of spot markets, indefinite and fixed dating futures for many crypto assets and many other things.
The table below highlights the competitive advantage of BBOD platform against many other well known platforms currently in the industry.
Conclusion
How do you feel after reading all these about BBOD platform, do you feel eager to try the platform out. Well, all what I wrote here is just few words about the platform and it goes beyond. The team, their services, the values they uphold are all second to none in the industry and I see this platform competing with the top exchange in the industry very soon.
Useful Links
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Website: https://bbod.io/
BBOD Trading Platform: https://bbod.io/platform/symbol/CFX/BTC
BBOD Tokensale Platform: 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