Blockchain Derivatives Board (BBOD) is a combined and half-decentralized blockchain future trading site. Updated on Dec 8, 2018, the platform does not monitor or store the crypto investments of customers, enabling stablecoin deposits. The BBOD trading platform test net is now live on the main net after several months of hard work.
BBOD Features
BBOD is a futures trading site for cryptocurrencies with stable coin reserves, non-custodial portfolios, premiums, etcetera.
Now take a closer look at some of these main advantages.
For close to 50x Leverage Bitcoin and Altcoin
The exchange portal helps consumers of 16 digital assets to buy and sell futures contracts.
This contains Ethereum , Ethereo, Ripple, EOS, EOS, Binance, Litecoin, Stella, Cardano, IOTA, Monero, NEM, and ICON.
The stablecoin TrueUSD (TUSD) is indicated on all trade contracts. Many traders would have the advantage of using Bitcoin as the settlement currency compared to other futures crypto trade platforms.
A total of 100 different cryptocurrency contracts have been opened for traders by BBOD, with the opportunity to profit from rising and decreasing prices.
Deposits for Stablecoin
The TUSD stablecoin applies to all the gains, expenses, and balance sheets.
This will balance gain and reduce the large exchange-rate risk associated with highly volatile cryptocurrencies like Bitcoin and Ethereum.
Non-custodial Accounts
This is very significant, as it reflects on security and the peace of mind of traders. On the site, BBOD will not store users in the coded inventory, but will instead build users in the Ethereum blockchain network to construct their own private smart contract pocket.
It means that users store their own private keys and manage them. The protection for crypto-monetary exchanges has lately been exposed by private key and client assets. Cryptocurrencies controversies.
The business is entering an era in which consumers need more oversight of their own crypt resources rather than turning them over to interchanges that hackers with benign motives are actively attacking.
No KYC
Anonymous trading supported by the platform is not required, as the procedure for Know Your Customer (KYC). Users only need to log in via email addresses to the platform and start trading immediately.
Matching engine high performance
The network has an algorithm that produces up to 1,25 million messages per second. The engine's low latency and high power are known.
Trades are carried out on an off-chain ledger immediately so that users do not have to wait until the blockchain to confirm transactions.
Blockchain Settlement
On-chain arrangements are supported by the exchange. The user's intelligent contract balance is updated on blockchain once a day. The upgrade conditions were reserved for the intelligent contract. The settlements in the chains have some of blockchain's traditional advantages:
- Transparency–messages are broadcast publicly to make them unchangeable for everyone to see.
- Once the software is fully autonomous Free, it cannot be changed.
- The method of upgrading utilizes the agreement vector's computational properties to protect hackers.
Blockchain transactions are known to be slow, and second-layer solutions to minimize the waiting time are developed. BBOD trading is verified on the BBOD database and is only delivered once a day to the blockchain. Therefore, the blockchain is not necessary to wait for the trades on the ledger to be validated.
BBD Token
The BBD token is the indigenous token of the BBOD ecosystem. It's an ERC20 token from Ethereum, a leader of smart contracts in blockchain.
BBD is a utility token containing many main utility features, including Both BBO Duty trading costs can be charged in BBD Trading payment reductions participating in BBD Purchase and/or hire algorithmic trading bots charging machine presents.
Company necessary details are given below
Website URL: https://bbod.io/
BTT Profile URL: https://bitcointalk.org/index.php?action=profile;u=2287906
Twitter URL: https://twitter.com/BBODTrading
Linkedin URL: https://www.linkedin.com/company/bbod
Ethereum wallet : 0x110a0D6b7dac7Ea343aa782707E6FC5e86F348ED
Facebook page URL: https://www.facebook.com/BBODTrading
BTT User Account: GraduateMagnet452
Telegram: https://t.me/BBODCommunity
Telegram User Account: @NazmulSagor
Whitepaper :https://bbod.io/static/BBOD%20(BBD%20token)%20Whitepaper%20-fdd1ea02f2f8d007fac75d9b369d3962.pdf