19thFebruary, 2020, Singapore – Top 20 CoinMarketCap exchangeBiKi.com is launching its premiere IEO. The exchange has officially announced astrategic investment in the XueBi tradingplatform and is launchinga first ever IEO for its platform coin XB.
Financing is the lifeblood of any project,whether via IPO, ICO, IEO or STO. The trend favoring IEOs over ICOs has markeda turning point in financing for digital assets. Compared with ICOs, IEOs ride on the credibility of theexchange, a seeming guarantee of reduced investment risks, since exchangelisting after IEO is assured.
BIKi’sStrategic Investment in XueBi Platform
The BiKi Industry Fund recently investedUSD 1 million on the XueBi trading platform. The two parties have entered intoa strategic cooperation where their platforms will complement each other interms of assets and traffic. XueBi.io is alleged to be the world’s first community federated digital asset trading platform.Its products include currency trading, OTC trading and ETF trading, includingleveraged ETF. An index fund that uses financial derivatives and debt toamplify returns, with leveraged ETF, traders can sell short or long regardlessof market fluctuations. With limited funds, traders can obtain higher returnswithout borrowing and without deposits.
Its first IEO project in 2020, BiKi willlaunch a subscription for XueBi (XB) under BiKi Power for XB/USDT pair on Feb21st GMT +8. Trading will begin 7 hours later on the same day.
PlatformCoins
With demonstrated utility, platform coinscan be profitable. Having an exchange behind them gives them more investmentvalue.
Riding on the wave of the halving boom,platform coins have also become a new favorite. As an aphorism in the stockmarkets goes, the harbinger of a bull market is a surge in brokerage stocks. Inthe crypto markets, platform currencies can be compared to brokerage stocks.
Howthe BiKi Platform Token Derives its Value
The BIKI platformtoken derives its valuefrom 2 aspects – its utility and the deflationary model, which consists oftoken buyback and burning to decrease the circulating supply. The reducedsupply increases the value of the token.
Utility
1. Using BIKI token to pay for transactionsallows traders to enjoy a 25% discount.
2. BiKi’s new user system divides usersinto ordinary and professional users. Based on BIKI token lock-ins andtransaction volumes, they are further subdivided into 7 levels. Basically, the more the BIKI token is usedand the larger the transaction volume, the lower the transaction fee, givingusers differentiated transaction bonuses.
3. XB IEO subscription requires users tohave an average monthly position that is greater than 10,000 BIKI, ie., only BIKItoken holders and partners can enjoy BiKi’s IEO subscription.
Deflation Model
1. First platform to adopt 100% tokenbuyback and burn. BIKI has reached a burn ratio of 39.8%. This may not seemlike a high ratio but it is most sustainable. BiKi is one of the few exchangesthat uses 100% of transaction fees in buyback of the token, compared to 20-30%for other platform tokens. With contract and leverage income added to thebuyback, in the long run, the amount of BIKI token burnt is expected to be thegreatest.
2. Partners lock BIKI tokens to share moreplatform rights and dividends. The BiKi mining pool offers attractiveannualized returns of up to 20%, which will also lead to more locks of marketliquidity.
With these implementations, the demand forthe BIKI token continues to increase as the circulating supply deflates,forming a positive feedback for the entire BiKi ecosystem. BiKi.com’s strategy is simple – continuing to add utility anddeflationary measures to keep increasingthe value of the BIKI token.
As the battle of the exchange platformsensues in all areas – from spot to contract, from IEO to wealth management and mining pools etc, BiKiwill continue to be user-centric in its initiatives as it builds a blockchain financial center.
AboutBiKi.com
Headquartered inSingapore, BiKi.com is a global cryptocurrency exchangeranked Top 20 on CoinMarketCap. BiKi.com provides a digital assets platform fortrading more than 150 cryptocurrencies and 280 trading pairs. BiKi.com isfocused on providing the safest, most stable and most effective cryptocurrencytrading platform. 100% of the transaction fees are used in buyback and burningof platform token, BIKI. Since its official opening in August 2018, BiKi.com isconsidered one of the fastest-growing cryptocurrency exchanges in the worldwith an accumulated 2 million registered users, 200,000 daily active users,over 2,000 community partners and 200,000 community members. BiKi.com hasreceived investments from Huobi co-founder Du Jun, Genesis Capital Zhu HuaiYang, FBG Capital, ChainUP and others totaling approximately 10 million USD.
Media Contact:
Marketing Team
Chang Jie Lin, BiKi.com
[email protected]
+65-94556702
Cecilia Wong, yourPRstrategist.com
[email protected]+65-91826605
