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The famous digital badet exchange Bibox has launched a mission to expand the ecosystem of the blockchain. As part of its initiative, the Estonian company has announced the launch of Bibox Orbit, which should be operational on 22 April at 10:00 (GMT +8). Bibox Orbit is a token-launching platform designed to enable the community to become involved in high-quality decentralized projects, encouraging their development and deployment.
The Bibox Orbit program has already selected 4 projects with huge potential. The projects, selected from hundreds of applications received for the program, include: The Force Protocol, Ludos, STAKING and X-Block. These projects are the first phase of implementation and, in the near future, the platform will continue to list new DLT projects capable of meeting the diverse real-world requirements of multiple segments of the industry.
Aries, co-founder of Bibox, commented on the selection process: "We received a lot of applications for premium projects and spent a lot of time communicating deeply with these projects. Based on information about their applications, we also performed an badessment from several dimensions, such as team members, project application scenarios, the commitment of the community, white paper, project investors, etc. add, "In In terms of project selection, we are prone to those with an understandable token economy, innovative technology, rich application scenarios and easy to apply in real life. The investor environment is also one of the key factors we take into account. "
Once the Bibox Orbit program is launched, platform users can begin to purchase tokens for the 4 listed projects. To participate, users must ensure that they have BIX tokens on Bibox platforms, this is the only method of payment accepted during this first phase. BIX token holders must also complete their KYC before participating in the Bibox Orbit program.
The pre-purchase starts on April 22nd at 10:00 am (GMT +8) and ends the same day at 5:00 pm (GMT +8). The draw time is 22 April 2019 at 20:00 (GMT +8).
Overview of the projects
Here is a brief overview of the 4 projects chosen to be part of the inaugural Bibox Orbit program.
The protocol of strength: Singapore-based, Singapore-based open source platform, Force Protocol offers cryptofinance solutions for the global loan credit market. Developers using the Force protocol can implement smart contracts, a shared trading book, auto brokers, and more to solve the real-world problems that surround the traditional credit market.
Ludos is a public gaming platform based in Singapore with a multi-sidechain and multi-channel technology allowing players to manage and negotiate their gaming badets. Ludos helps developers and gaming studios to develop crowdfunding allowing them to issue game badets and benefit from the platform's operating toolbox.
STAKING: As the third preselected platform for Bibox Orbit, STAKING is a decentralized badet management platform with a sophisticated system infrastructure that allows investors to take equity positions in their badets without worrying about security issues. The ecosystem of the platform consists of a PoS mining pool and infrastructure for the decentralized finance market (DeFi), which aims to reform the financial sector by combining Edge Computing, Trusted technologies Computing and Blockchain. STAKING is known for offering annual returns ranging from 5% to 155% to its investors.
X-Block, the worldwide blockchain 4.0 based remote fog supercomputer network addresses the growing need for processing power. Unlike conventional cloud computing solutions, X-Block cloud computing allows access companies to access more service resources at a much lower cost. The IX chips of the platform use a win-win cooperation between the computer resource receiver and the resource provider to finally achieve a virtuous cycle of blockchain ecology.
Participate in the buying process
The participation process on Bibox Orbit is greatly simplified and BIX token holders who plan to participate in the process will simply need to follow a few instructions to participate in the four listed projects. Although there is no minimum barrier to entry, the platform has set a maximum limit of $ 5,000 for all projects.
Once the Bibox Orbit is operational at 22:00 (GMT +8) on April 22, participants meeting the eligibility criteria will need to transfer BIX to the event page based on the amount of the presale and personal boundaries.
Participants can independently allocate the maximum individual purchase amount to the four projects, so that the total allocation does not exceed the maximum of $ 5,000.
At the time of the draw – 20:00 (GMT +8), each project will be drawn based on the total amount of the user's request and the actual amount of the project. The maximum amount that an individual can get is $ 800.
Tokens pre-purchased by users will be posted to user accounts prior to the launch of projects on Bibox. Any BIX corresponding to an unsuccessful purchase will be refunded to user accounts within one business day.
Possibility of drawing lots
The gain rate between different projects may vary due to the difference between actual sales volumes and user applications. In the same project, the higher the amount pre-purchased, the higher the probability of the winning draw.
More information about Bibox Orbit is available at the address – https://www.bibox.com/orbitIndex
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