BBOD — Cryptocurrency Futures Trading
In a recent blog post, we talked about what cryptocurrency is and where it came from. This phenomenon can be called a true revolution, and now everyone is trying to get it. Therefore, it is not surprising that digital money has become the subject of speculation — they can be very fast and a lot of money. And if you think that trading on the stock market is a case for people who are very rich and economically brilliant, then you are sadly mistaken — to be a trader can be anyone.
Today’s Cryptocurrency exchanges are clearly and invisible divorced and taking sites for their purposes is not difficult. Every wish for your money: You want a Russian-speaking person, with a minimum commission, without verification — you can find exchanges for every taste and color. But in this search, don’t forget that the more daily site rotation, the more living offers in it, and this parameter must be seen as well. And, of course, we remember that we need to diversify — exchanges are often done and BTC-e closes a striking example. In short, if you want to sleep, then money must spread several markets.
The BBOD platform provides no-custodian cryptocurrency derivative exchange solutions at no cost, applies professional trading techniques with blockchain technology to create the most diverse cryptocurrency derivatives market to trade altcoin with USD-based stable coin settlement, and non-containment client accounts.
In short BBOD
BBOD (Blockchain Board of Derivatives) is a no-fee, no-cost cryptocurrency derivative trading platform for retail and institutional clients, offering a safe and transparent market to trade Bitcoin and various Altcoins futures contracts with TUSD-stablecoin guarantees.
Founded in the Republic of Seychelles, the BBOD team consists of 35 people, including 25 in-house software developers in London, England and Poland and has sales & marketing teams in Hong Kong and Seoul. Our core team consists of technologists and traders with 10+ years of experience each from companies such as State Street, Deutsche Bank, Coinone and University College Dublin.
BBOD is partnering with Trustoken (TUSD) and with one of the most prominent electronic exchange operators around the world — GMEX Group, which has developed and will host and manage low latency matching machines, high throughput specifically for BBOD. To find out more about GMEX, please see our interview with Hirander Misra — Group Chair & CEO of GMEX Group and this interview with Tony Harrop, CIO & GMEX Technology Director to find out why BBOD will offer the fastest and most reliable, multi matching engine high-performance assets in the cryptocurrency industry.
Our goal is to grow to the level of Bitmex and Huobi in the shortest possible timeframe. We want to grow our technology department, get new users, increase our volume as fast as possible and build a community of traders involved, therefore we will pre-listing our existing 8mln BBD tokens to help us reach the next level of growth. Don’t miss the opportunity to buy BBD tokens cheaply before the first listing! Click here to learn more about how to buy the next 100x token: https://bbod.io/offering
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 tokens as a collateral, so balances and PnL are 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 the 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 reduced unnatural price spikes related to liquidity drainage.
We hope that our sophisticated index calculation algorithm will allow us to be 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 organize 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.
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 use cases 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 of 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.
Roadmap
2018 — Q3 / 2019
Establishment and development — Start Beta separately
Q4 2019
Official launch trading Trading ladder trading Free launch fee Launch spot exchange
Quarter 1/2020
Contracts on +20 cryptocurrencies Released API
Quarter 2/2020
Contracts of over 50 cryptocurrencies Mobile applications (Android, iOS) Futures contracts with a term
Third-quarter of 2020
Re-branding — Adding foreign exchange, commodities, and securities
Q4 2020
Contract on +100 cryptocurrencies Optional Vanilla on a perpetual contract
Team work
Here is information about the project:
Website: https://bbod.io/
Facebook: https://www.facebook.com/BBODTrading
Twitter: https://twitter.com/BBODTrading
Telegram: https: // t .me / BBODCommunity
Author: kusuma253
btt: https://bitcointalk.org/index.php?action=profile;u=2346695
