Blockchain.io BCIO Tokens
Blockchain.io’s native utility token is the BCIO token that helps facilitate the exchange. BCIO tokens are utility tokens designed to provide a smooth and secure trading experience for all cryptocurrency traders and users of the platform.
Any users who hold BCIO tokens on the exchange will be provided access to exclusive platform services and discounts, including but not limited to: participating in community-wide surveys, voting on new token listings, and receiving discounted trading fees.
Introducing BCIO’s Discounted Trading Fee Framework
In this article, we outline Blockchain.io’s discounted trading fee token tier system for holders of the BCIO token. The discount provided on trading fees is dependent upon the amount of BCIO tokens a user holds on the exchange. The amount of BCIO tokens kept on the exchange determines a user’s status and the corresponding percentage discount on fees for all trades made by a user.
When Blockchain.io’s exchange launches in December, trading fees will equate to 0.1% of the value of the trade made either as a maker or taker. The nominal fee of 0.1% may be further discounted from a range of 10% to 99% based on how many BCIO tokens are held.
Blockchain.io user statuses and discounted fees according to the minimum amount of BCIO token holdings required are defined as follows:
All services and transaction fees that are paid in BCIO tokens or other cryptocurrencies are automatically deducted from a user’s wallet. The initial tokens that will be listed for trade at the launch of our exchange in November includes Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple. The BCIO token will be listed in December 2018 with additional tokens to be introduced throughout 2019.
In addition to discounted trading fees, BCIO holders will also have the ability to contribute to Blockchain.io’s roadmap through polling and survey voting rights, and be provided with loyalty rewards such as airdrops on new token listings, early access to ICOs, as well as competition prizes.
The public crowdsale for BCIO tokens is set to open on Thursday, September 27.
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We look forward to building the Internet of Value together with you.
The Blockchain.io Team