Worldwide Top 5 within a year, Bibox burnt over 500 million BIX Tokens
Data from: CoinMarketCap
On September 29th Beijing Time, an AI enhanced Digital Asset Exchange has announced that they would carry out the third session of buying back and BIX burning plan. This time, 1,954,452 BIX will be purchased from the secondary market with the market price and will be destroyed. According to the current token price, these BIX worth more than 700 thousand dollars.
Starting at the end of the bull market, erupting during the excesses to the bear market, then accumulating in it, this is Bibox’s growing path since its establishment. Looking back at the history of the cryptocurrency industry, most of the celebrities nowadays were insisting on their way in the last “cold winter”. Bibox is likewise.
Bibox,an AI enhanced Digital Asset Exchange, was launched in Estonia in November 23, 2017. According to incomplete data, there were at least four or five thousand cryptocurrency exchanges all over the world when Bibox was founded. In this fierce competitive environment, Bibox has broken through with its profound technology accumulation, smooth using experience, convenient operation system and prompt service in less than half a year. Now Bibox ranks top 10 worldwide by 24 hours global trading volume that reaches 200 million dollars.
As people saying ”Only when the tide goes out do you discover who has been swimming naked”. Now the bear market already lasts half a year, and cryptocurrency exchanges are facing shuffle situation right now. Lots of small exchanges are fading out from the market. Bibox, one of the most powerful and reliable exchanges, is slowly making a figure.
People will find that Bibox exchange has not decreased but increased in trading volume during the bear market. According to CoinMarketCap, Bibox exchange’s trading volume has reached the top 5. This is not only due to to the accumulation of loyal users, but also the global layout of Bibox as its business has already covered over 10 countries such as the United States, Canada, South Korea and so on, which also means that the exchange has high risk resistance capacity.
Asked why Bibox was able to make a difference in the bear market, quote Bibox’s co-founder Aries told Golden Finance, the main benefit of Bibox was down-to-earth from the start, committed to creating value for its users, and had a solid foundation, even in the “cold winter”.
Bibox’s rapid development also benefit from its unique visional ways keep it word to the users. One of the most prominent is the BIX Token, which may have been forgotten by the public, but Bibox has never forgot their promise, to buy back and burn BIX every quarter. The third session of buying-back is done by now.
In order to increase the scarcity of BIX Token, Bibox promises to use 25% of seasonal net profit to buy back BIX. 1,575,600 BIX for the first session; 2,003,300 BIX for the second session and 1,954,452 BIX for the third session Since its launch on November 23, Bibox has burnt 5,533,352 BIX in three sessions, equate with millions of dollars even at bear market prices, fully reflects the strength of the Bibox.
Bibox is capable to continue accumulating in the bearish market, as you can tell from the buying back amount, the bear market didn’t affect the performance of Bibox very much. Obtaining Swiss VQF license, setting up Bibox Lab and hatching quality projects, debuting GUSD are all proofs of its strength. The “cold winter” is not a nightmare but a starting point, Bibox will continue to working hard in this “cold winter”, meeting all its commitments and growing bigger and stronger.
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Company Name: Bibox
Contact Person: Lesley Zhang
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Country: United States
Website: Bibox.com
