BBX: The First Cryptocurrency Index Trading Platform, Next Generation Cryptocurrency Derivatives Trading System+ Giveaways

da-primate (44)in #cryptocurrency • 7 years ago (edited)

Origin of Trading

The genesis of trading can be traced back to ancient times because it's been there ever since man started painting symbols on cave walls and realized that in exchange for a spare flint ax he could get a new arrowhead. This is the way it all began.

Trade by Barter

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Prior to the invention of modern currencies, trade by barter was the major way by which goods are exchanged, that is, exchanging goods for the sake of mutual benefit. Some 10,000 years B.C., exchanging cacao leaves for shiny turquoise stones was as common as selling your car and buying a new one today.

Trade by barter, just like trading was based on two important premises;

• products that others need and

• the negotiation between seller and buyer to reach a consensus to trade.

As time progresses, other items such as precious stones, metals or grains were used as barter, and a generally agreed media of exchange, and this birth the use of gold and silver coins as a means of exchange in the ancient world. The era of trading stocks became the next big thing, later foreign exchange trading which also known as "forex trading" took over with many trading platforms launching online to host the numerous global traders. The success of foreign exchange trade seems like we have had it all until Cryptocurrency stepped in.

The Advent of Modern Trading

Cryptocurrency

Cryptocurrency is known as digital asset designed to work as a medium of exchange that uses cryptography (something written in code or cipher) to secure transactions to control and verify assets. Cryptocurrencies are type of digital currencies, alternative and virtual currencies. Cryptocurrencies are decentralized unlike traditional banking and electronic money which are centralized.

Bitcoin which is the first decentralized cryptocurrency was created in 2009, since then, a lot of other cryptocurrencies have emerged and are called altcoins (Alternative coin). The need to trade Cryptocurrencies gave birth to platforms called Exchanges. We saw the rise of peer to peer trading exchange like Luno and Remitano. Then the era of centralized exchanges came examples are Bittrex, Binance and Poloniex to mention few. Now we have decentralized exchanges like Etherdelta and Idex. However, effectively innovating from these exchanges, the need for a veritable platform that will break from the norm is born. I hereby present to you.

The first cryptocurrency index trading platform, next generation Cryptocurrency derivatives trading system known as BBX

BBX

The BBX Exchange is an emerging exchange that will trade in digital currency ETF index contracts. A few weeks ago, BBX announced that it would follow the pace of Binance to move to Malta. According to the promotion announcement on its official website, there is only spot trading function involved in the iOS version temporarily.

Presently, some of the existing contract transactions only track price index of the single currency, and they do not reflect the overall performance of the market or specific sectors.

BBX helps you design a series of indexes in an innovative way; mimicking the performance of the overall market.

In order to celebrate its first release, BBX announced many incentive events, which is as below:

• During the period of the first event from April 23rd to April 30th, any deposit will entitle a permanent right of 1/10000 transaction fee to the account, that fee is incredibly low.

• Each BBX holding account will get the airdrop bonus of 10 FAIR, which is the Token of Fair.Game.

• Meanwhile, there will be a trading competition event focusing on FAIR, and more than 1 million FAIR will be distributed to trading users.

• The trading function of BBX index contract will be launched soon, according to the picture announced by an official, the first announced index contact may include 4 main kinds of digital currency: BTC、ETH、EOS、LTC，the percentages are 30.5%, 27.6%, 25.4% and 16.5%.

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