Bibox has issued its own native BIX token in compliance with the ERC-20 standard. Initially, the developers planned to issue 500 million crypto coins, but later the amount was limited to 270 million. The token is designed to attract investments and develop the exchange platform’s functionality.
Get kingsley Udeagha’s stories in your inbox
Join Medium for free to get updates from this writer.
The BIX token has the following use cases:
Trading Fee Discount: Bibox token holders enjoy discounts and reduced trading fees on the Bibox platform.
Voting Rights: Token holders can vote on the Bibox exchange development issues.
BIX Incentive Reward: The Bibox exchange buys back and regularly burns a certain amount of BIX.
Treasure Box Program: The program ensures that BIX token holders who lock their tokens receive an incentive.
Bibox Orbit: Bibox Orbit is the exchange’s IEO launchpad. BIX token holders can participate in the Bibox Orbit to buy into listed projects.
