Checking Out Bibox (BIX) and the Bibox Exchange

Today I checked out cryptocurrency exchange Bibox. It’s claim to fame is that it’s an AI enhanced encrypted digital asset exchange.

Bibox launched in November 2017 and per coinmarketcap it’s a top 10 exchange by adjusted volume.

Bibox features standard listing and delisting procedures so only high quality tokens get added. It has an AI risk control system for security. It has professional trading strategies using AI. And as of recently Bibox had a good amount of trading pairs: 25 BIX pairs, 81 ETH pairs, 81 BTC pairs; 21 USDT pairs; 2 DAI pairs.

The project comes out of China and is run by guys that also helped develop OkCoin and Huobi.

The Bibox token is BIX and there’s a total supply of 500 million. It’s an ERC20 token.

You can use the token to pay for trades and get a discount. It’s a 50% discount the first year and then cuts in half each year afterward up to four years, so 50%, 25%, 12.5%, and 6.75%.

BIX will also be the fuel of the decentralized exchange that it will build in the future.

BIX token holders also have the privilege to use our other new applications at the earliest time without paying any fees.

Bixbox also has a token buy back program. To date it has bought back 3,578,900 tokens and plans to buy back 300 million.

You can also upgrade your status on the platform to VIP by holding BIX, although I’m not sure how much exactly.

There’s also an Incentive Program. It’s for users who hold BIX in Bibox.com and at least trade once in Bibox per week. The reward rate is up to 67.5%.

Another feature is the Treasure Box. Essentially, you can lock up tokens you own and earn an yield on them. The current round is closed but it’s something I plan to check out in the future.

Bibox also has a good referral program. You can invite friends with a referral link line mine here, and you can earn 20% of the commissions.

I’m buying a few BIX ;-p

(Of course this is not financial advice)

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