Introduction
The P2P cryptocurrency trading platforms have been attracting the attention of both novice and expert traders. Especially, this space has experienced a booming since BTC reached its All Time High in 2017, more and more people participated in this sphere. However, none of them can provide zero-fee cryptocurrency derivatives trading platform for institutional and retail clients so far. In the midst of this situation, BBOD is proud to be the first exchange that offer zero-fee transaction, non-custodial platform that allow users to trade a wide variety of Altcoins futures contracts with a TUSD-stablecoin collateral.
Unique Trading Opportunity!
BBOD will give you opportunity experience a unique trading with its innovative operation model. First of all, unlike other exchanges that require some small trading fees, you will not have to pay any fee when trading on BBOD. Although it is usually a small fee and you may not think it is a big deal but let’s imagine when you are a frequently traders, this fee will significantly increase and this absolutely affects your net profit as well as your trading strategy. Bitmex is now one of the largest margin exchange in crypto space, however, traders do not have any rights once they deposit their digital assets into this exchange. In other words, exchange is the one who have full control over your assets. This is extremely risky, especially in this area, crypto exchanges are always a number one target for hackers and they can also pretend to be hacked for exit scam. Investors, hence, are the ones who will suffer the most when trading on these centralized crypto exchanges. With BBOD, you are the only who hold your tokens in a decentralized account managed by smart contract and BBOD will not hold any of your balance’s private keys since no private keys will be created, meaning your property is literally your property and hackers have no chance to steal your funds. By this way, investors can easily check the whether the operation of BBOD exchange is transparency or not since everything can be observed by Etherscan. Furthermore, investors can also see all user balance, the real-time total amount of fund which exchange currently has, daily transaction on the blockchain and they can watch contract accounts created in order to know how many user registered on BBOD.
In some big derivative exchanges, you will find it difficult to trade small cap altcoins. For examples, Binance Jex - a crypto derivatives offerings for pro traders from Binance, only offers BTC, ETH and EOS for futures market. Bitfinex seems offers more options but they only limits leverage to 3.3x. Moreover, the reasons for why exchanges are reluctant to adopt this form of trading because small and mid-cap altcoins are usually manipulated by whales and even developer team because of low liquidity. Understanding this issue, BBOD team analyzed and invented a state-of-the-art technique called index calculation algorithm to provide a trustworthy marketplace offering a large number of altcoins for traders to explore without unusual price action that cause flash-crash or flash-pump with respect to lack of liquidity. In addition, you can trade with up to 50x leverage on BBOD exchange. Besides, the goal of BBOD is to offer perpetual futures contracts on more than 50 tokens by Q2/2020 and over 100 altcoins by Q4/2020.
BBOD Token Utility
In BBOD’s ecosystem, BBD will play several vital parts that help user’s experience become greater and smooth. Besides, it will run on Ethereum platform to ensure the clarity, security and high-speed of transaction. There are four types of utility that BBD can be used as followings:
Trading with zero-fee: There will be no trading fee applied if you traded with tokens has BBD as its trading pair.
Bonus in trading competition: If you are interested in trading competition, you definitely must hold BBD to earn more, especially, you will have an exclusive affiliate link to invite and earn even more.
Discount on trading fee: If users prefer trading on TUSD-settled futures market, they will be reduced trading fee based on their number of BBD holding and how active they trade daily.
Collateral for trading: In BBOD exchange, traders need BBD to use as collateral for their margined positions. Besides, all user’s balance or Profit and Loss all will be displayed in BBD. Furthermore, BTC/BBD has the same value as BTC/TUSD during trading time.
Conclusion
The mentioned above features make BBOD a unique platform, with the potential to dominate the "traditional" cryptocurrency margin trading market. BBOD is now open their BBD token sale and you can take this chance to earn this hidden gem with up to a 60% discount. It is definitely worth a try because this project contains many potential opportunities in booth short-term and long-term.
Reference
BBOD Blog: https://bbod.io/post/announcing-bbod-a-high-speed-non-custodial-cryptocurrency-futures-trading-platform
Whitepaper: https://bbod.io/BBODWhitepaper.pdf
BBOD Trading Platform: https://bbod.io/platform/
BBD token Sale webpage: https://bbod.io/offering/
Author: leader2704