What is Bibox Token? Bibox Token is a cryptocurrency exchange that combines traditional token exchange services with artificial intelligence technology. cryptocoin.com In this article, we have answered the questions of investors such as what is Bibox Token, what it offers, what is BIX, what it does and how to get it. Let’s examine this cryptocurrency exchange and its native token together.
What is Bibox Token?
Bibox is a cryptocurrency exchange that combines proprietary AI technology with traditional token exchange services. This exchange platform aims to differentiate itself from other exchanges in terms of user experience, system stability and ease of trading. The project aims to reach a daily transaction volume of around 100 million dollars in the future.
Basically, Bibox wants to solve some of the problems of existing cryptocurrency exchanges in-house. These include poor user experiences, lack of leverage or secure credit systems, and lack of investment strategies. The team works to bring the latest artificial intelligence technology and user experience to the Bibox Token platform. It also moves to achieve its industry-leading position as the most liquid crypto exchange.
What does Bibox Token offer?
Bibox Token runs an automatic and regular listing/delisting process. Accordingly, the artificial intelligence technology of the platform decides which altcoin is worth listing. The AI’s decision is voted on by Blockchain experts on the platform. The result of this voting will determine whether the token will be listed or not. In addition, artificial intelligence technology also benefits individual users. Users can create their own trading strategies and automate their trades through Bibox’s AI technology.
While Bibox provides a platform for spot trading, it also provides leverage trading, crypto loans and contract trading service. Thus, it allows investors to hedge risk. It also gives the opportunity to short sell to those who want to profit in the event of a bear market. Meanwhile, the long/short markets on Bibox are set to be less volatile. In this way, investors can trade with less risk.
What is BIX? What does it do?
BIX is the native cryptocurrency of the Bibox Token platform. Built on the Ethereum Blockchain with the ERC-20 smart contract, this token is used to perform some basic functions on the platform. For example, gas fees that must be paid for trading on the exchange can be paid with BIX tokens. Gas fees paid with BIX are lower.
In addition to gas fees, users should also use BIX to pay for decentralized transaction services. Finally, users who hold BIX in their wallet are more easily promoted to VIP user status. Asset calculation for VIP upgrade will be 1.5x for Bix Token users. Users who become VIPs are entitled to benefit from various advantages offered by the platform.
What is Bibox Token? How to get BIX?
Investors interested in Bibox Token can purchase BIX on various cryptocurrency exchanges. The token is currently listed on Huobi Global, Bibox and Pionex exchanges. Users who subscribe to one of these exchanges and deposit an asset suitable for BIX parities in their wallets can purchase the token.
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