Dublin, Geneva, Gdansk, 20.09.2017. You remember the story of when your uncle lost his shirt trading a “hot stock tip”? Usually, cryptocurrencies are no different. Market timing is key in all of investing. That’s why cryptocurrency holders need to get a grip on crypto-derivatives to secure their wallets from volatility!
Built on the Ethereum distributed ledger the Dublin-based Blockchain Board of Derivatives (BBOD) is designed to be the world’s first, autonomous, on-chain derivatives execution venue, which allows trading cryptocurrency smart derivatives contracts (futures and options) with high liquidity and unprecedented security.
BBOD will open up its token PRE-SALE beginning on September 22nd at 8 AM GMT and last for 48 hours, offering 40,000 BBD tokens for early supporters at 50% discount (1 BBD = 0.5 ETH).
BBOD’s international and highly experienced team of scientists, programmers and coders with professional experience acquired in IBM, Hewlett Packard, CERN and Max-Planck Institute. The team came to realize, that cryptocurrency holders, right now, need a secure and highly liquid derivatives market with a listing service for the growing number of digital tokens.
Backed by cryptography researchers from the National University of Singapore and National Quantum Information Centre (University of Gdansk), BBOD claims to provide unbreakable on-chain encryption of all sensitive transaction data like price and volume by using elliptic curves post-quantum cryptography, which is secure against all known quantum algorithms. This solution protects members from abuse by greedy miners and front-running.
The ex-Bunge commodity-options trader and founder, Krzysztof Urbanowicz, Ph.D., explains, that high liquidity is guaranteed by a unique hybrid market composed of frequent batch auctions and an autonomous market maker. By its nature, this design provides members with high liquidity, reduced spreads, and prevents HFT-style “flash crashes”. Additionally, to accommodate a decentralized network effect our liquidity is supported by Reserve Contributors, who utilize their idle cryptocurrency in exchange for a reward by collecting a percentage from trading fees.
Aside from trading service, BBOD offers an easily accessible solution, that allows all members to list their tokens on the auction market, either to facilitate derivatives trading or physically convert tokens.
The inherent benefits for BBD token owners are as follows:
- Membership – access to all services on the platform
- Cryptocurrency trading
- Reporting and analytics
- Listing service
- Reserve Contributors service
- Discounted trading – the more BBD tokens are held, the more attractive the trading conditions.
- Reserve contributors – the more BBD tokens are held, the more attractive the rewards.
- Listing service – the more BBD tokens are held, the more attractive the listing service conditions.
The trading platform will be open for all users, however, to have access to all services, a user needs to buy BBD tokens.
Immediately after the token PRE-SALE, the Team will take all steps to facilitate BBD tokens trading.
The platform’s roadmap lays out its future path to develop a single venue for cryptocurrency owners to trade derivatives, convert cryptocurrencies and list new and existing tokens on the market.
The preview version of the application will be released at the end of September 2017 and users may trade futures and options with the BBOD Ether index as underlying asset.
The Blockchain Board of Derivatives (BBOD) and its unparalleled security and liquidity enhancing techniques is an absolute necessity for anyone who wants to protect their cryptocurrency portfolio from market volatility or just speculate on the markets to rise or fall.
Core team members:
Advisors:
TOKEN PRE-SALE and TOKEN SALE
BBOD will open up its token PRE-SALE beginning on September 22nd at 8 AM GMT and last for 48 hours, offering 40,000 BBD tokens for early supporters at 50% discount (1 BBD = 0.5 ETH).
Later on, BBOD will open up its token SALE beginning on 1 October at 8 AM GMT and last for 14 days offering 200,000 BBD tokens at a linear discount ranging from 40% to 0%.
Go to http://www.bbod.io/ for more information or read WhitePaper in English on our Homepage and follow us on Twitter, Facebook , Linkedin, and Slack.
Disclaimer: The opinions expressed in this article do not represent the views of NewsBTC or any of its team members. NewsBTC is not responsible for the accuracy of any of the information supplied in Sponsored Stories/Press Releases such as this one.