The BBOD team as a whole believes in the fact that the world can be made better through business and their profits. They believe the world can be influenced by business and has decided to take steps. The ‘’healing corporations’’ they call it and they are imploring traders to join the crusade as traders automatically participate when they trade on BBOD platform. 15% of trading fees have been decided to be donated to selected foundations and the selection would be made through a poll on twitter and telegram asking the community to pick a charity organization which will receive donations from BBOD. In the course of starting, two foundations have already been picked, the plan-for-the planet and one-Humanity Care, for support.
The Features of the BBOD Trading Platform.
The Futures Markets
BBOD offers the following
TUSD-settled future markets which includes BTC/TUSD, ETH/USD and more.
BBD-settled future markets which include BTC/BBD, waiting to be launched on the 10th of December 2019.
Spot markets BBD/TUSD, BBD/ETH, ETH/USD which would be launched on the 10th of December 2019.
Fixed-date futures markets which is to be launched by 2020.
The Vanilla Futures Contracts
Usually, what you see on derivative exchange platforms such as Bitmex and Deribit is inverse futures where contract is quoted in one currency and settled in another. This method makes the PnL calculation ridiculously complicated and when selecting the size, it becomes another pain. BBOD’s vanilla futures contract is quoted and settled in one currency, the TUSD, making the PnL calculation (exit price – entry price) and the selection of size relatively easy.
A Multi assets platform
In the first stage of BBOD there will be the listing of perpetual contracts on 17 crypto currencies which involves the Bitcoin, Ethereum, Ripple, EOS, NEO, Tron, Binance, Litecoin, Stellar, Cardano, IOTA, Monero, NEM, ICON, Elastos, Decred, Digibyte, all contracts vs TUSD. BBOD is programmed to list both crypto futures and traditional equity, fixed income, commodity and currency futures.
Platforms and Connectivity.
Currently, BBOD offers a mobile responsive web app and looking forward to offering native Android app and IOS app by 2020 while REST and Websocket APIs would also be provided by 2020.
BBOD token for transaction
The exchange token for the BBOD platform is the BBD which is an Ethereum based token, an ERC20 token. It can be gotten on etherscan and it will be listed on BBOD on the 10th of December 2019.
Competitive advantage over derivative exchange platform
Non-custodial accounts – There are no private keys held by the owners of BBOD rather the clients hold their funds in a decentralized smart contract account which makes it less susceptible to hacking.
Transparency - The user balances are updated daily and made visible on the Ethereum block chain making sure the everyday off-chain balances matches that of the on-chain balances.
Zero-fee Leveraged trading – BBOD is the first platform without charges on crypto futures trading. There are no transaction fees on the BBD-settled futures markets.
USD-based Stable coin Settlement – more often now most exchange traders need to post different collateral to be able to trade the whole range of products. In BBOD futures contracts are settled in USD-based collateral (TUSD) a universal collateral.
Useful Links:
Telegram: https://t.me/BBODCommunity
Twitter: https://twitter.com/BBODTrading
Facebook: https://www.facebook.com/BBODTrading
YouTube: https://www.youtube.com/c/BBODTV
Linkedin: https://www.linkedin.com/company/bbod
Author BTT: https://bitcointalk.org/index.php?action=profile;u=1900615
