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.
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.