Bibox Token (BIX) Analysis

Market Cap

$7,470,770 USD

Volume (24h)

$6,382,520 USD

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3.6

SAFETY

Ranking factors:

Markets

How many exchanges are there to trade this coin?

Bibox Token Markets Rank: 1/100
Volume Ratio

How actively is this asset being traded on the market?

Bibox Token Volume Ratio Rank: 85/100
Market Cap

The total cost of all coins available.

Bibox Token Market Cap Rank: 86/100
24h Change

Is the price moving up or down?

Bibox Token 24h Change Rank: 50/100
Google Trends

How many users are searching for the coin?

Bibox Token Google Trends Rank: 1/100
Twitter Citation

How many users are talking about this coin in Twitter?

Bibox Token Twitter Citation Rank: 1/100
User Voting

How popular is this coin among Cointobuy community?

Bibox Token User Voting Rank: 91/100

Bibox Token investment analysis

Bibox is a cryptocurrency exchange platform just like that of Binance and Kucoin that have their own token which is used to offer their clients a more discounted transaction fee rates while trading activities are being carried out on the platform.

The project is being touted as an AI-enhanced encrypted digital asset exchange which is to say that their proprietary program is designed to take care of essential cryptocurrency trade parameters which makes it more efficient and especially in the areas of logical operations than most algorithms out there.

The main focus of this project is to enhance user experience and create a stable environment for cryptocurrency trading using an intelligent algorithm that is powered by their token.

Bibox investment has a lot of benefits especially when you think of how an exchange with decentralized capabilities can become a useful disrupting tool in the cryptocurrency trading ecosystem coupled with the different services that are offered.

$0.087448

+68.7%

$0.1475

380/3752

by Safety

1683/3752

by Profit

How to buy Bibox?

Since it’s an exchange, the only way to get it is through its own platform and currently, they only accept trades with BTC, ETH, and USDT. For you to buy BIX token, you would need to have any of the trade pairs first, and that would require you purchasing from another exchange using fiat or sending from your other wallets to this particular exchange before you can trade with BIX.

As for storage, the token is an ERC20 standard token and this means that you can store it in any of the compatible wallets available, like myetherwallet or metamask. However, except for bullish and speculative ROI on storing the asset outside of their system for safe keep, and since you would be mostly needing it for platform activities such as paying for fees when you need to conduct a transaction, you can simply leave it on the trading site as it has more utility value there.

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The thing about this project is the inception; which is mostly seen as the creative product of experienced core developers from Okcoin and Houbi. And further Bibox analysis reveals that they have quite the resource personnel working on the development and upgrades of the platform. some have even been able to put it in close competition with the likes of Poloniex, Bitfinex, and Bittrex because of its core program features.

The platform offers margin trading to include both loan and lending services. They charge nothing for depositing your assets into their system and would only charge you a 0.1% when you trade, and of course, there is the option of paying this fee using the BIX token.

The token can be used to access a discount of 50% when it is used to pay for fees. The system automatically calculates the relative prices in accordance with the real-time market price index and computes against the asset to be traded.

However, when you want to make withdrawals, there are different fee schedule for the different assets on the system, each having its own relative to block situation. More of this can be found on their New Fee Structure on Bibox.

Although, somewhere around their fee structure explanation, there is a yearly discount rate that ends after 5 years, and this can only imply that with more adoption of this asset in the future, there is bound to be an increase in worth and value of the token.

On top of the specific values of this particular ecosystem, they ultimately want to solve some of the most daunting problems of cryptocurrency exchanges. while they are not the only ones providing this sort of unique services, there is an advantage that this platform being AI-driven can accord to the everyday trader who is expecting more than just a monotonous trading service being offered by other projects.

They also have the advantage of having high error tolerance level and the capability to handle over 10 million users at a time.

Other features will include sufficient trading data statistics, ability to support many cryptocurrencies on their system, provision of cryptocurrency contracts which will allow its users to leverage risks to take advantage of both bullish and bearish markets.

You can invest in Bibox token if you are bullish about the prospects of this coin, and this shouldn’t be based on a speculative insight alone, proper research should be conducted to have a clear understanding of the prospects being outlined, and if it helps, the coin has had a history of more than 500% growth since it was launched.

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