BIB Exchange: Trading Made Easy Through The Integration Of Exchange And NFT

7 min readJan 21, 2023

BIB exchange is the world’s first exchange that combines centralized exchange and web3 ecosystem in order to push the crypto market beyond the already existing boundaries. BIB exchange is being developed to build the very first global platform that will incorporate centralized exchange and NFT. This will serve as a departure route through which users can start their voyage in web3. This combination of centralized exchange and decentralized web3 ecosystem will be a breakthrough in the history of cryptocurrency, BIB will create more adequate listing mechanisms, stable management, complete ecosystem, and more decentralized qualities that will solve the several worrying experiences of Investors.

BIB exchange through its incorporation with web3 is going to ensure personal assets control and protection of user/personal data against any interference by any platforms. The ecosystem comes with the latest mode of interaction that connects the creators and the community. In order to achieve efficiency in the world's leading crypto trading platform, BIB exchange is built from a basic framework and multi-dimensionality that will hold a place on lowering high thresholds through the integration of web3 into the exchange. This is going to create a better user experience and open the door to the future for everybody.

Mission And Vision

BIB exchange is on a mission to promote asset ownership, discovery of latest technologies, and opening of gateways for users to experience the brilliant technologies of the current generation. BIB exchange is also committed to providing the web3 generation which allows smart contracts to be edited, and also creating an ecosystem that will fuse NFT, DeFi, and GameFi.

BIB META

BIB Meta is the decentralized section of BIB that supports the BIB exchange through various projects such as Nodes, NFT, GameFi and so on. In a bid to further enhance the ecosystem, BIB META collaborates with the BIB exchange to establish a web3 ecosystem that provides two-way empowerment. Through this collaboration, BIB exchange will be able to provide many ecological functions including discount in trading fees, Initial Exchange Offering (IEO) whitelist, and token dividends to empower the BIB META.

The Solutions Brought By BIB Meta AND BIB Exchange

Combination Of Web3 And Exchange To Solve The Problems Of Traffic And Capital: BIB Meta and BIB Exchange will be combined in order to bring solution to the problems of Web3 with regards to capital and traffic. BIB Exchange as a leading centralized trading platform with a convenient and smooth transaction and traffic channel will go a long way to helping the operation of BIB Meta.

Code Audit and a Dedicated Team to Protect Asset Security: To promote security in Web3, the BIB team through its BIB META has built up a high level security team whose duty is to conduct code audits to ensure zero product risk. BIB META acts as a reminder by integrating various security features in its operation to ensure that users' assets are well secured. With this, users will have the confidence to start their journey in Web3.

Web3's Natural Advantage in User Privacy Protection: Unlike Web2, where user's information is left in the hands of large institutions and companies, Web3 comes with its advantage as it has to do with the protection of users' privacy. For example, the BIB Web3 ecosystem allows users to join the platform without any identity verification. With a cryptocurrency digital wallet connected to the BIB META, you are able to join. You can apply for multiple wallets and be sure that all transaction records and processes within the BIB META Web3 ecosystem will be stored in the chain.

Convergence of NFT, DeFi and GameFi to Address Ecological Construction: In order to solve the problems relating to lack of diversity in Web3 ecosystem, BIB has been designed to Integrate multiple projects such as NFT, DeFi, and GameFi to empower each other.
For example;

Users can buy BIB tokens for minting NFT through token burning.

NFT can be fused to upgrade its level, which a high-star NFT can be used as a community node ticket for users to stake and gain attractive profits.

GameFi offers multi-dimensional gameplay such as match prediction, penalty shoot-out, NFT team competitions, collection achievements and more.

Combination of Web3 and Centralized Trading Platform to Fill the Current Market Gap: As there is no Web3 ecosystem in the market that currently combines with a centralized trading platform, BIB META is in all at once move to bring the desired solution through its combination with the BIB Exchange. BIB Exchange will provide BIB token holders with great benefits such as discounts on trading fee, IEO whitelist etc. This will make BIB Meta to become significantly more influential and attractive. BIB Exchange also provides funding and traffic support to BIB Meta in terms of marketing. As for fairness, data related to NFT royalties, transaction fees, commissions of match prediction and other revenues is always available on the chain transparently.
The above mentioned solutions are just the starting point. As time goes on, the ecological map includes deep empowerment of BIB token and NFT through card collection, quizzes, games, etc.

Strengths And Benefits Of The BIB Exchange

Fusion Of Exchange And NFT: BIB is the first and currently the only trading platform that combines platform token and NFT in order to achieve the assetization of virtual items. This fusion of exchange and NFT contributes to the outstanding attributes that turn BIB into a powerful contender in the cryptocurrency industry.

Top Tiers Security Systems: The BIB exchange supports a top-notch operation and risk control system, hardware security module (HSM), multi-dimensional protection against all forms of occuring problems. With the adoption of the above-mentioned attributes, the existing BIB business module permits immediate response to abnormalities regarding transactions, wallet systems and more. These ensure the safest trading environment possible.

Global Leading Liquidity Experience: To attain a long term success, liquidity plays a key role as it helps in stabilizing the infrastructure for trading crypto assets. This entails that an exchange with high liquidity will also have more currencies available for trading with a low level of price volatility. This is the reason why BIB launched liquidity system solutions like the self developed robots working towards providing a competitive liquidity experience. As these trading strategies are being incorporated, traders will enjoy a convenience and fast trading experience anywhere, and anytime.

Convenient OTC Service: One important aspect of BIB exchange is lowering of the financial threshold with the aim of achieving a high standard service quality. This feature will solve the problems of low saving rate, abnormally high interest rate, substandard user experience, and leakage of privacy information.

BIB Token

BIB token is the platform pass of BIB Exchange and BIB Meta built on Binance Smart Chain (BSC). BIB Token created a DEX+CEX development path with exclusive traits. As a BIB token holder, you can earn profits from BIB group's decentralized protocol BIB Meta and centralized crypto trading platform BIB Exchange including but not limited to capital gains of asset appreciation, transaction fee dividends, NFT minting, and other desirable virtual entertainment utilities.

Token Name:BIB token
Token Symbol: BIB
Token Decimals: 18
Blockchain: Binance Smart Chain
Contract Address: 0x2B339d46e157Cf93De6A919Aa05350e952F67359

Ratio Of BIBToken Allocation

Benefits Attached To BIBToken

Staking

As a BIB holder, you can stake by delegating your BIB to the nodes, in which 20% of the revenues are paid to the node owners as delegation fee. There is no minimum limit on the number of users who delegate, but it is not permitted to exceed 50 times the self-delegation volume of node's KOL as well as the hard cap correlating to the node level. Most significantly, users will be able to claim the profits gained anytime on the official website.

Token Dividends

Holders of BIB Tokens stand to enjoy dividends in BUSD. The dividends come from DEX sellers and the withdrawal parties as 10% of any trading fees will be collected from them. A detailed breakdown of the allocation includes 3% in the liquidity pool, 6% in the dividend pool, and 1% to be burnt.

GameFi

As a user, you will get to enjoy different kinds of GameFi within the BIB Meta Ecosystem by using BIB Tokens. The activities will focus solely on match prediction for the World Cup at the beginning and will also include online penalty shoot-out as well as sports competitions to be played in teams to be formed by different nodes as time goes on.

NFTs

When you purchase mystery boxes or make direct purchases from the marketplace, you will stand to possess NFTs. Apart from being a collection, Non Fungible Tokens can also be fused, traded, staked and also used as an entrance ticket to join community nodes.

Conclusion

BIB exchange is the leading and the first world's web3 based trading platform that combines centralized and decentralized features in order to promote openness, fairness, transparency and ownership. These attributes are aimed at broadening the blockchain world and enhancing the ecological closed loop in order to give users a better blockchain and trading experience. BIB exchange always works in the direction of safety optimization in order to strengthen the internal control systems and help to work against any form of losses and damages.