In the recent months there have been many cryptocurrency exchanges that have begun to issue their own tokens. This is hardly surprising but the thing is that these tokens may not gain in value as much as you would like. Bibox Token (BIX) is the exception. In fact, Bibox has issued its own token and now is the right time to find out whether or not this platform succeeds or not.
Bibox is the name of a cryptocurrency exchange that makes use of multiple tools to succeed. In fact, this company describes itself as an artificial intelligence enhanced crypted digital asset exchange.
It may be too soon to think of this company as being the best because artificial intelligence will take some time before its impact on the industry can be gauged. The good news is Bibox offers an app that is convenient to use by both IOS and Android users.
After the company successfully raised a lot of money from its ICO, it became necessary for other companies to pay with Bibox Token (BIX) in order for the tokens to be listed on Bibox. At present, there are well over 270 million tokens in circulation. These tokens will however be burned on a regular basis until the supply of tokens reaches the 200 million level.
The nice thing about the Bibox Token (BIX) is it can be used for fees on the decentralized platform which is to be launched in the months to come. In addition, there are some VIP apps that can only be accessed by those holding the Bibox Token (BIX).
The nice thing about investing in the Bibox Token (BIX) is that those who hold the token will get twenty percent of the Bibox exchange’s net profit.
The Bibox Token (BIX) has a structured plan for the next five years in which in the first year, traders get fifty percent discount on fees. In the second year, traders receive 25 percent discount while in the third year they receive twelve percent discount. In the fourth year, traders will receive 6.25 percent discount and in the fifth years and onwards, they receive no discount.
At present there does not seem to be any planned milestones for Bibox. The company is focused on creating a decentralized exchange and it also intends to incorporate artificial intelligence technology. It seems that much of the exchange’s current trading volume is not real and in fact, is artificial.
For the present, it appears that the company lacks a roadmap or timeline to stick to and this is bound to raise many questions. It is also not yet known whether Bibox will succeed.
