May 14, 2018 · 3 min read
Image for post
Image for post

In light of the growing interest in our upcoming Token Sale, we’re providing a brief rundown of our crypto-exchange proprietary token. The following can be found in detail in our Whitepaper. The below serves as an introduction for investors and traders on what they can expect.

What is a BCIO Token?

So, you might be wondering what exactly will be the coin and how it will be used. coins are called BCIO Tokens. BCIO Tokens are utility coins, designed to provide a smooth and secure experience for cryptocurrency traders and users on our trading platform.

BCIO Tokens will be held on the Exchange. Each user will hold a certain number of Tokens both for services and to perform operations on the exchange.

What are BCIO token usages?

Image for post
Image for post
BCIO Token Usages Summary

Associated fees

As detailed in the graphic above, all exchange trades— including trading, borrowing, transfers, listing, ICO and other services — are subject to platform fees, with the exception of BCIO token “long” trades. Users have the freedom to pay associated fees in either BCIO tokens or another approved cryptocurrency. At launch, trading fees will be set at 0.1% taker / maker.

All Services and Transaction fees paid in BCIO tokens or cryptocurrencies are automatically deducted from the user’s balance. If the user does not hold the required number of tokens or coins, the service will not be provided and the transaction will not be completed.

Discounted trading

Concerning some of the benefits granted to BCIO Token holders, platform fees paid in BCIO tokens are subject to discounts, and such fees will be discounted in several ways. For instance, we’ve established a discount token tier system, thus some discounts will be granted according to the total amount of BCIO tokens held by a trader.

Discount percentages associated with each tier will be decided by management after the token sale and following a survey of BCIO token holders. Discount on trading fee will start from 10% up to 100% for BCIO holders. We’re all in this together, people! We will provide an example of the proposed discount framework soon.

Survey participation rights

Concerning the aforementioned survey, we at want to build a vibrant, trustworthy community. As such, we will regularly organize surveys and polls to act as consultation among BCIO Token holders regarding the introduction of new platform features, the listing of third party tokens or other strategic decisions like buyback programs. Token holders will thus be able to contribute to the roadmap. Each user’s voting rights and weight will be proportionate to the number of Tokens held by the user on the Exchange.

Loyalty & rewards

To sum all this up, BCIO tokens will be used to incentivize platform use and reward external developers as well as existing users and early adopters and supporters. BCIO holders will also have privileged access to ICOs organized by, benefit from complimentary services and will be prioritized for airdrops.

The time to opt-in is upon us, and the sooner users adopt tokens and engage the exchange the better. We look forward to building the Internet of Value together with you.

Trade on! team

Your Gateway to the Internet of Value

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch

Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore

Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store