Bibox, one of the world’s largest crypto exchanges, announced to launch its IEO [Initial Exchange Offering] platform, dubbed “Bibox Orbit”, at 8:00 P.M. on April 22, 2019 [GMT+8], aiming to excavate and boost the launch and the development of high-quality decentralized projects, per its official statement.
In light of a fair and just principle, Bibox adopts lottery format for its token launch platform, Bibox Orbit, giving everyone an equal opportunity to participate.
“One of our intentions to launch Orbit plan is to help promote the application of premium projects. Bibox Orbit assists budding premium projects with ecological construction and long-term development, which would surely contribute to a robust blockchain and cryptocurrency market. Bibox Orbit, more importantly, is to provide the growing crypto users’ an easy and safe access to quality projects.” said by Aries, co-founder of Bibox.
What is “Bibox Orbit”?
As a quality digital assets trading platform, Bibox is focused on excavating and boosting the launch and the development of high-quality decentralized projects. Based on this vision, Bibox Orbit, gathering the years of accumulated valuable experience and quality resources of Bibox team, came into being.
Aiming to provide the best growing environment for premium blockchain projects, Bibox Orbit is a token launch platform, where premium decentralized blockchain projects are able to raise funds for their better ecosystem construction and long-term development. Meantime, Bibox Orbit offers projects’ tokens to Bibox users who will contribute to projects’ ecosystem development.
The project details are coming soon, please stay tuned for the update.
How to participate?
To make sure everyone has an equal chance to participate, Bibox is going to use the lottery format for each participant.
BIX, the Bibox native coin, is the only digital asset designated for pre-purchase payment. The pre-purchase starts at 10 A.M on the 22nd of April, when users are able to transfer the BIX to the event page, get the numbers of the draw, and ends at 5 P.M. the same day. The winning result will be announced at 8 P.M. on April 22, the corresponding amount of BIX will be automatically deducted from those who win the draw. The pre-purchased token will be released to users’ accounts.
Specific rules are as follows:
- Limit of personal pre-purchase amount: The highest individual pre-purchase amount is $5,000, the highest actual amount an individual can get is $800. Users can independently allocate the maximum individual purchase amount among various projects of this phase.
- At the drawing time, all pre-purchase amount will be divided equally, and the draw will be conducted according to the proportion of the users’ total pre-purchase amount and the actual issuing amount by project teams. The Least Winning Amount will be announced on the event page.
- For a single project, in accordance with the proportion of the draw, the more you pre-purchase, the higher the probability you will win the draw.
- KYC verification is required.
Bibox, one of the world’s largest crypto exchanges registered in Estonia, has offices in the US, Switzerland, Canada, China, South Korea, Japan, Singapore, and Vietnam, with plans to expand to more countries. Bibox traders enjoy secure, stable, and user-friendly digital assets management services, with access to over 100 high-quality coins and over 200 trading pairs. In the last 24 hours, the daily trading volume amounted to $693 million.
Email ID – [email protected]
Are Blockchain Casinos on the rise?
Over the years, the online casino industry has gone through many changes with new technology allowing for better payment methods and software on the sites. One of the newer additions to online casino sites is blockchain and sites that use this.
Here, we are going to discuss whether we think that blockchain casinos are on the rise or not. Keep reading if you’d like to find out more about these casino sites.
What Is A Blockchain Casino?
Blockchain technology is essentially a system that allows digital information not to be copied when it is being distributed. This technology originally started out as a method for Bitcoin which is a cryptocurrency and now is present in many online casinos. Blockchain was first invented in 1992 and since then it has come a long way.
A blockchain casino is a safe and secure casino that uses this special technology to pass the information on. There are many new casino sites that are already using blockchain technology but is the number of these still rising?
Why A Blockchain Casino?
You might be wondering about the advantages of blockchain casinos and why many casino operators are making the switch to this technology. The main reason for this is that there are many advantages to using this technology. Firstly, there is more transparency and trust and there is also a reduced risk of fraud.
This is something which is very important to many players at online casinos as they want to make sure that they are not passing their details onto a company that is going to sell it on.
When a casino uses blockchain technology, they can also allow players to make payments with cryptocurrencies like Bitcoin which are becoming even more popular in recent years. Of course, there are many other advantages of using a blockchain casino both for the player and the operator. For this reason, we have seen a rise in the number of blockchain casinos online right now.
Issues With Blockchain
There are some minor issues with blockchain casinos that operators are working hard to resolve as soon as possible. The fact that it is new means that there are some general infrastructure issues and the transactions can go through a lot slower than some players would like. Of course, these issues are set to be resolved sooner rather than later.
The Rise Of Blockchain Casinos
From the research done by companies interested in blockchain casinos, it is clear that these casinos are on the rise. In the first quarter of 2019 alone, there was $1 billion of TRON cryptocurrency gambled online. This is a lot of cash and it shows that players are not afraid to try out this new type of casino when it comes to spending their own cash.
Research also suggests that this income came from over 432,000 users which are a lot more people than it would have been in the past when this technology was first invented.
Of course, it is also important to note that the online casino industry is growing at the same time as the popularity of blockchain casinos. It is expected that the online casino industry will earn more than $50 billion this year which is a lot of cash.
With more people playing online in general and the technology improving so much – it is expected that blockchain casinos will become even more popular as time goes on.
It is clear that blockchain casinos have been on the rise for a while now and they don’t plan on stopping any time soon. As the technology gets more advanced and players can be sure that their details are going to be kept safe, these casinos are set to become even more popular.
On top of this, online casino regulators can rely on technology when it comes to ensuring casino operators are sticking to the regulations. Look out for the rise of blockchain casinos as time goes on and more casino operators start to make the switch to this technology.
We expect more payments being allowed in Bitcoin form as well as the other cryptocurrencies that are gaining a bit of momentum right now.
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