Hold BIX on BiBox for dividends ( new exchange)

Today I wan to share a few ideas about BiBox, a "new" exchange that could have some potential.

Some of you might remember that I talked about 2 very promising exchanges back in the day.
One was Binance which had really low fees and if you held BNB you'd get even lower fees. Together with the fact that you can get referrals for a bonus, their ambitious vision and the excellent team, I was a big fan. I recommend to always get some BNB to pay half fees and really, profit long term. That was back when bnb was about 1$. Now is about 10!

The second one was KuCoin. Now Kucoin had a few new things going for it. Marketing themselves as " the people's exchange" they claimed to pay 20% of their trading fees if you held KCS in your account. They also had a very cool referral program and helped them a lot ot gain popularity. I thought that given their strategy to add new coins fast, their volume could increase a lot and the value of KCS would go up. That was when KCS was about 60 cents. It went to 15$!
Sadly, KuCoin then started to fk it up. They discounted the referral program, their support is slow and speaks in broken English. I lost faith in KuCoin and moved out. ( For the record KCS is trading at 1$ now..).

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BiBox is basically KuCoin #2. They position themselves as AI-enhanced exchange whatever this means. The team is mystrious as well and could not find anything about it but they say "Bibox’s founding team is formed by top tier Chinese blockchain giants. The team includes early bitcoin enthusiasts, adopters of block chain, established series entrepreneurs, professional securities trader, Venture Capitalists (VC), high-tech Angel Investors, and one of the best AI experts in the industry." I mean everyone says this but yeah, I guess.
They had a successful ICO so now they are here.
I've been following them lately and it seems that everything works alright. The interface is familiar to those who used KuCoin and Binance as it is almost a clone of those. They have competitions and list interesting coins just like Binance. The security is top notch at the user level ( can't tell how well they guard their own funds though they say they do).

Now. I would recommend to sign up for two reasons:
low fees and new coins that are not listed anywhere else. These are good reason to have an account here.
But looking at this BIX token, it has a few practical things going for it:

1. You need to pay the fee for listing your tokens in BIX. That could potentially mean that as more projects will want to list here, the price will naturally go up. As with Binance, holding BIX gives you lower fees as well. There is incentive to hold vs sell.

2. Holding BIX gives your 30% dividends of the whole traded volume of the day ( relative to your holdings).
   You do need to trade AT LEAST once a week to be eligible though from what I understood so that's a bit stupid and of course support was less than helpful. Here;'s the whole announcement:
   

   

They later pushed that to 30%. This is further inventive to hold and also some buy pressure from new projects. Together with the possibly increasing volume it makes for a tempting value proposition.

Conclusion:
I am uncertain and a bit skeptical about this one but I think BIX has potential to grow ( it's 60 cents now and I think it should be at least as valuable as KCS which is 1$+ ) once we are back into Bull market and the coins they list are sometimes very interesting and worth getting maybe. I'll update once I know more.
If you want to sign up on BiBox and use my links, you will be my referral. If you mind that, just go directly to the site.

Do you trade here, do you have any insight? Share in the comments!