Bibox Participates at Bit Forum 2018

Bibox, an AI global digital asset exchange, participated in the Bit Forum 2018.  

BiBox, a leading Chinese exchange, participated in the Bit Forum 2018 Spring conference.  The conference was held at the POSCO P & S Tower in Gangnam on the 23rd of April.  The event was sold out as the 300 seat auditorium were all filled.

Mr. Dae Eun, the team leader at Bibox, gave a lecture on their business expansion plans.  Furthermore, he talked about the recent trends in global cryptocurrency exchanges, and their plans to expand into the Korean market.  In addition, he spoke about Bibox’s desire to enter the Korean market and to form business partnerships like they did with Decentre, a global blockchain expert group.

“Recently, Korean exchanges have been experiencing a decline in customer confidence because of hackings and embezzlements.  Bibox’s entry into Korea hopefully will act as a catalyst to overcome this issue,” he said.  

Bibox has seen their monthly average user growth rate hit 300%.  Furthermore, their daily trading volume is close to $100 million.  They have over 500,000 members and is growing fast.

Bibox was founded in 2017 by the co-founder of OK Coin.  What makes Bibox so unique is their AI robot advisor who will help guide new crypto everyday traders.  Therefore, think of Bibox as Binance but with AI.

What are some of the problems Bibox Token (BIX) solves?

  • It will decrease trading fees by half the first year.
  • BIX Tokens will fuel the exchange.
  • The tokens will allow users to join the VIP program which will give early access to VIP AI Tools.

Companies must pay with BIX to have their tokens listed on Bibox.  Currently, there are 270 million tokens in circulation. In addition, Tokens will regularly be burned until the circulating supply is reduced to 200 million.

BitForum 2018 Spring

BitForum 2018’s theme was “Blockchain is the Future.” They brought together some of the most innovative blockchain companies under one roof.  Among the other presentations outside of Bibox included CRYPTON, VECTORS, FORESTING, MoFAS, OSA Decentralized, DateCoin, Decentre, and Stargram Global, just to name a few.  Furthermore, the conference is expected to be held regularly in the future.  Therefore, they will be actively promoting high-level blockchain technologies and the latest cryptocurrency trends.

John Yoon

John Yoon is the Editor in Chief at Startup Radar, Organizer for Startup Festival 2017, Head of Operations Korea at EOS Asia and the Global Marketing Director for Email = if you are interested in guest contributing and helping the Korean startup ecosystem. Wechat, Kakao, and Line user ID is jswy315

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