https://bbod.io/
With the birth of bitcoin in 2009, many have begun to see that the extraordinary blockchain technology may be a thrifty face of the next generation of technology. Since the beginning of Blockchain technology has tried to become mainstream but has been limited by one or two obstacles which include ease of use of the wallet, privacy of communication, trade performance and security. For cryptocurrency to become mainstream and major adoption orders there is a need to increase ease of use, privacy, trade performance, communication. There are many big players in the crypto room who have tried to improve the quality of some of these important keynotes, but because of lack of experience or sometimes the funds have made them less good.
On this occasion I will provide an interesting information, especially in the world of Cryptocurrency. This ICO project is related to the world of trade called BBOD: Zero-fee, non-custodial cryptocurrency derivatives exchange. Before the discussion you should read reviews that can help obtain information in seeing their vision and mission. Hopefully this information, of course, gives you a little insight and interest to get involved with the ICO BBOD Project.
Founded in 2017, BBOD (Blockchain Board of Derivatives) is a non-custodial, multi-asset cryptocurrency derivatives exchange. Our purpose is to democratise trading to anyone by empowering our clients with direct market access to cryptocurrencies, indices, commodities, stocks, forex, treasuries and ETFs from a single account without holding funds at the exchange.
BBOD partners with Trustoken (TUSD) and with one of the most reputable electronic exchange operators worldwide - GMEX Group, who has developed and will host and manage the state of the art low-latency, high-throughput matching engine exclusively for BBOD. To get to know more about GMEX, please watch our interview with Hirander Misra - Group Chairman & CEO of GMEX Group and this interview with Tony Harrop, CIO & Director of GMEX Technology to find out why BBOD is going to offer the fastest and most reliable , a high performance multi-asset matching engine in the cryptocurrency industry.
BBOD has sales & marketing teams in Hong Kong and Seoul. Our core team consists of technologists and traders with 10+ years experience each from companies like State Street, Deutsche Bank, Coinone and University College Dublin.
Our Key Features
Zero-fee leveraged trading: BBOD will be the first Zero-Fee Crypto Futures Exchange to be launched on December 9th, 2019. There will be no transaction fees (zero) on the BBD-settled futures markets (eg. BTC/BBD perpetual contract). Traders need to use BBD token as a collateral, so balances and PnL is denominated in BBD. The price of e.g. BBD/TUSD will be fixed during the day and set as the close price from the previous day. During the trading session, % changes of BTC/BBD and BTC/TUSD indices will be the same. Every day at 0:00 UTC the BTC/BBD index will be updated based on the change in price at BBD/TUSD spot market.
Leveraged altcoins trading: The cryptocurrency derivatives space still lacks professional, secure and reliable marketplaces to trade small and mid-cap altcoins with relatively high leverage (10-25x). Due to low volume and high volatility of the smallest coins, an exchange is imposed on frequent and unpredictable liquidations. At BBOD we applied our proprietary smoothing technique in the index calculation which greatly reduces unnatural price spikes related to liquidity drainage. We hope that our sophisticated index calculation algorithm will allow us to become the most diverse, liquid and reliable marketplace to trade micro/small/mid-cap altcoins with high leverage, with the aim to list perpetual futures contracts on +50 cryptocurrencies by Q2/2020 and +100 by Q4/2020. Every new cryptocurrency contract will be chosen by our community. We will organise a poll every week on Twitter and Telegram to ask our community which new contract they would like to be listed on our exchange next.
USD-based stablecoin settlement: Nowadays, at almost all exchanges traders need to post different collateral to be able to trade the whole range of products. An example of this is at Bybit with 4 collaterals (BTC, ETH, LTC, EOS) or Deribit with 2 collaterals (BTC, ETH). Universal USD-based collateral is a standard at established exchanges like CME, CBOE where most of the products are quoted in USD. You deposit USD to your broker and you can trade all the products using one universal collateral. BBOD futures contracts are settled in USD-based collateral (currently TUSD). This means that profits, losses, account balances and margin requirements are denominated in the stable cryptocurrency. All the underlying assets may be traded using one universal collateral.
Unprecedented security : Non-custodial accounts - If you hold coins at any derivatives exchange (Bitmex, FTX, Bybit), please be advised that the owners of the exchange have full control and responsibility to keep the coins safe. The owners hold private keys to your coins. At BBOD custody of cryptocurrencies is completely separate from the exchange. As a result, our platform does not hold private keys to the client’s balances, instead each client holds their funds in a decentralised smart contract account. No private keys are created therefore the keys can not be stolen by hackers.
Transparency: All user balances are updated daily and visible on the Ethereum blockchain. This means that every day a user’s off-chain balance (at the trading platform) matches the on-chain balance (an ethereum contract account). This design allows BBOD to pass proof-of-solvency and proof-of-reserves audits using solely publicly available data. Members of the public may monitor:
- the total amount of funds at the exchange as a sum of all user balances
- the number of users registered as a number of contract accounts created
- daily amount of funds settled on the blockchain (realised PnL, fees, funding payments)
- all user balances
Token Details
The native token of the platform is BBD which is an ERC-20 token with a total supply of 117,399,409 BBD and Max supply of 275,803,582 BBD. BBD is a utility token with several usecases such as use as collateral for margined positions on BBD-settled future market and opportunity of earning more in trading competitions. BBD tokens public offering is scheduled to take place on the 19th November till 3rd of December, 2019 with three different phases with discounts, also BBD tokens will be listed on BBOD on the 10th of December 2019 and also on other 2 exchanges at the end of 2020.
BBD Token economics
- Collateral: BBD is used as collateral for margined positions on the BBD-settled futures market (eg. BTC/BBD perpetual contract.) This increases utility and demand for BBD.
- Zero-Fee trading: There are no transaction fees (zero) on the BBD-settled futures markets (eg. BTC/BBD perpetual contract).
- Fee Discounts: Users pay reduced trading fees on the TUSD-settled futures market based on their BBD balance and daily trading volume. Staking tokens slows down the velocity of the coin and increases its value.
- Rewards: Earn more in trading competitions when you hold the BBD Token. Gain access to a premium affiliate link.
Our discounts are one of the most attractive in the crypto derivatives industry. Up to 20% discount, and the minimum needed to get a 10% discount is just 500 BBD ($130 worth / 0.65 TUSD per BBD). For example, to get 10% discount at FTX platform , you need to hold FTT tokens of value 5,000 USD.
Roadmap
2018 - Q3 / 2019
- Formation and development - Start the Beta separately
Q4 2019
- Official launch trade, Trade ladder, free launch fee, launch launch exchange
Quarter 1/2020
- Contract for +20 cryptocurrency Released API
Quarter 2/2020
- Contracts for more than 50 cryptocurrency Mobile applications (Android, iOS) A futures contract with a validity period
Third quarter of 2020
- Re-branding - Adds foreign exchange, commodities and securities
Q4 2020
- Contract on +100 cryptocurrency. Vanilla is optional with a perpetual contract
The BBOD Team believes in ‘Healing Corporations’ – i.e. making the world a better place through business and their profits, as we are strongly convinced that business should be a catalyst for a better world. We decided to donate up to 15% of our all trading fees to selected foundations, and you, as a BBOD trader will automatically participate in the contribution just by trading on our platform. Starting on Q1/2020, from every month onwards we will organise a monthly poll on our Twitter and Telegram to ask our community to pick a charity organisation which will receive donations from BBOD. In the beginning of our journey we would like to support two foundations that truly touched our hearts; Plant-for-the-Planet and One Humanity Care.
Our Team
And many other members.
Conclusion
BBOD Project Implementing professional trading techniques with blockchain technology to create the most diverse cryptocurrency derivatives marketplace to trade altcoins with zero-fee, USD-based stablecoin settlement and non-custodial clients’ accounts.
For more information about BBOD, please click the link below:
- WEBSITE: https://bbod.io/
- TWITTER: https://twitter.com/BBODTrading
- FACEBOOK: https://www.facebook.com/BBODTrading
- LINKEDIN: https://www.linkedin.com/company/bbod
- TELEGRAM: https://t.me/BBODCommunity
- WHITEPAPER: https://bbod.io/static/BBOD%20(BBD%20token)%20Whitepaper%20-fdd1ea02f2f8d007fac75d9b369d3962.pdf
- ANN THREAD: https://bitcointalk.org/index.php?topic=2251863.0
Author: Enno Netral
Profile: https://bitcointalk.org/index.php?action=profile;u=1785586
ETH: 0xC860a2F9510a73038Da3292bb9B28fA7a3F3cbA2