Bibox: Safe Bitcoin Exchange For Trading Cryptocurrencies?
As the mystique of Bitcoin and other alt currencies continues to grow, it comes as no surprise that there are dozens of investment platforms being released for such currencies on a near daily basis. Bibox is on such venture that has been founded by Chinese crypto enthusiasts who have been in this domain for nearly a decade now.
In its basic form, Bibox can be thought of as an “intelligent transaction platform” that is designed exclusively for blockchain based assets. In addition to this, Bibox also aims to serve as a knowledge tool that can help increase awareness regarding digital currencies and other alt-assets amongst novice investors.
From a functional standpoint, the system employs the use of smart AI algorithms that have been designed to aid in the execution of optimal trades and transactions (so as to maximize returns).
Some of the other key features of this service include:
One of the key aspects of Bibox is its use of a “microservice splitting” design which helps breakdown voluminous transactions into smaller bits. As a result of this, transactions can be carried out in a much more secure and efficient manner.
(ii) Prompt Service:
According to various online forums and communities such as Bitcointalk, Medium, the team behind Bibox is comprised of people who are quite knowledgeable in matters pertaining to blockchain, finance and AI.
(iii) Smooth Operations:
Another interesting facet of this product is its working efficiency. To be more specific, we can see that Bibox makes use of a “memory matching system” that is able to deliver speeds that range in the “megabits per second” region.
One of the key areas where this product really delivers is that of platform stability. Through the deployment of an all new “distributed cluster” framework, Bibox is able to offer users with a seamless crypto experience.
Other Key Aspects
(i) Integration + Compatibility:
This service comes with integration features that allow for it to align with other similar crypto services in a completely hassle free manner.
(ii) Anti Fault Mechanisms:
As mentioned earlier, the AI system that controls and governs BiBox has been designed to quickly address any faults that might be incurred during the running of the core software.
According to the official company website, this service allows for a large user throughput of up to ten million individuals.
What Benefits Can I Receive?
(i) Good Market Data Statistics:
One of the main advantages of using Bibox is its ability to deliver customers with “unified market entry/exit data”. The platform screens and filters out a large amount of alt currency data, and provides users with only the best investment deals that are available in the market at any given point.
(ii) Multi Currency Support:
To help make transactions seamless, this platform allows for the use of a wide array of tokens (basically any currency that is ERC20 compliant). In its current incarnation, the system supports OmiLayer and EOS, but in the coming future, the company aims to allow for the support of fiat currencies such as CNY, HKD, EUR and JPY.
According to the company’s blog, they will be allowing users in the near future to avail of “open spot transactions” that can help meet demands pertaining to ‘short selling’ (thereby preventing large scale losses for investors).
(iv) Risk Minimization:
Through the use of API interfaces such as RESTful, Websocket and Fix, BiBox is able to help minimize sudden monetary swings and losses.
(v) Strategic Advice:
Through the use of AI based modules as well as other smart tools, this platform allows for good trade deals to go through with minimum human interaction possible.
As with all high quality blockchain services, Bibox is completely decentralised and thus allows for transactions to occur in a completely safe and transparent manner.
Bibox Token Details
The sale of native tokens has ended, and to make a purchase users can now visit one of the many online exchanges that support BIX coins. The current rate at which BIX is trading is somewhere around 1BIX = 0.17USD. Alternatively, to find other means of procuring these coins, users can check out the company’s official whitepaper.
For any other details pertaining to Bibox, users have been encouraged to write to company officials either via email, or use the live chat feature.