What is Biki? Why trade on BiKi.com (Review)

BiKi.com is one of the fastest growing cryptocurrency exchanges. The floor is located in Singapore.

In less than a year, the number of users at this fledgling exchange has grown by more than 2 million, and more than 200,000 community members are led by 2000 community partners.

The exchange has been invited to more than 11 countries to speak at events and be featured on international media channels such as Forbes and Cointelegraph.

During the past month, BiKi has listed additional top 100 coins such as Dash, PolkaDot, Matic Network, Electroneum and MakerDAO.

Besides, the exchange has also built a strong momentum and received attention from social media. In addition, a few weeks ago, the exchange’s media channels reached the milestone of 10,000 followers.

BiKi has also listed TomoChain – a popular project from Vietnam, as well as the VND option. Users can now deposit VND into their BiKi wallet, convert to USDT and trade TOMO / USDT pairs!

The exciting development of this new exchange has caught the attention of BlogTienAo. Therefore, we have considered to evaluate BiKi based on the following criteria:

Strong foundation for strong growth

CEO BiKi Southeast Asia – Ethan Ng, is the Marketing Manager from Huobi Global and the former responsible person for Blockchain Festival Vietnam, co-organized with Kyber Network and Regulus Investment. This event attracted more than 1,600 attendees.

He also organized more than 10 meetings in Vietnam. Therefore, he has a fairly good understanding of the Vietnamese market.

Team BiKi brings together a formidable team, consisting of members who have worked at Digifinex, Huobi, Okex and several multinational companies (MNC).

In addition, BiKi also received a personal investment worth $ 5 million from Huobi co-founder Du Jun. Along with additional investments from 2 of the world’s most famous venture capitalists: FBG Capital and Genesis Capital.

The exchange has also built a close partnership with TRON to create the world’s first allied exchange with TRX pairing and driving strong user growth.

BiKi also recently completed an AMA with TRON CEO Justin Sun on the Tron Foundation’s Telegram group.

For users

BiKi always prioritizes the safety and interests of its users. Loyal users can enjoy preferential transaction fees, special participating bonuses from BiKi Power as well as exclusive airdrops.

Due to the level of activity of the BiKi community, with more than 130,000 active daily users, new traders can enjoy good liquidity in trading as well as effective 24/7 customer support.

BiKi’s unique feature lies in a concept called “Trading is Mining”. During the mining process, the transaction fee will be returned to the user with 110% of the value of BIKI (10% for the computing power), and will be distributed to the user’s account after 24 hours.

Users can also play games while “earning” cryptocurrencies, as BiKi has recently partnered with the Winplay game platform. This means that a simple game like “Spin the Wheel Lucky Draw” or “Connect 3” could give users the chance to get cryptocurrency.

In addition, with the newly launched BiKi Global User System, the more used BIKI tokens and the larger the transaction volume, the lower the transaction fee will be. Provides users with special transaction processing fees as low as 0.09% after discounts.

The value of the original token BIKI

BiKi is one of the few exchanges that uses 100% transaction fees to redeem BIKI tokens.

Token BIKI follows 4 principles: “daily acquisition, quarterly burning, tokens in locked position, stable deflation”. This motto aims at the platform’s goal to bring value to BIKI.

Since its inception, BiKi tokens have a maximum supply of 1 billion BIKI. To date, 39.75% of tokens have been burned and BiKi will continue to burn until 100 million BIKI tokens remain.

By reducing supply, limiting liquidity and increasing use cases for BIKI tokens, the value of BIKI will be secured and increased over time.

Current products

BiKi has launched a lot of products so far so that users enjoy making money or trading cryptocurrencies on their platform.

Global community management program

BiKi has launched a global community management program. Users in Vietnam can register here to become a global community manager and benefit from attractive rewards.

VND on BiKi Fiat

To cater to the growing members from Vietnam, BiKi has linked cryptocurrency services with the VND. Now, users can buy USDT with just one click.

Users will find it easier to trade cryptocurrencies with the fiat option on BiKi.com. You just need to access the “cash” on the floor to get started. BiKi also welcomes Vietnamese traders to join.

Contract

The most recent update for products offered on BiKi.com is the BiKi Perpetual Contract, which is launched on March 2, 2020.

Currently, the BTC / USDT, BTC / USD, ETH / USDT and ETH / USD pairs are open for trading on the contract (EOS, XRP, and LTC contracts will be coming soon).

BiKi Perpetual contracts have up to 150 leverage for open positions, lower maker and taker transaction fees, as well as zero clawback and margin with 100% flexible profit payouts.

BiKi does provide instructions on the website to ensure traders are fully informed of their terms.

Leverage (Margin)

Recognizing the high volatility of the cryptocurrency exchange market, the issue of forced liquidation has become so commonplace. Therefore, BiKi uses leverage model for each position to minimize risks for investors.

With full position leverage, a trader can easily lose everything. Therefore, BiKi’s position-by-position model was developed to control loss effectively. In particular, the profit and loss of each position does not affect the money in other accounts.

Leveraged trading service is currently the latest user-oriented feature of the exchange, optimizing benefits for platform users.

Leveraged ETFs

Leveraged ETF is a trading product that tracks the increase / decrease of an underlying asset (such as BTC) with a certain number of times (such as 2 times, 3 times).

A leveraged ETF is essentially a fund managed by a professional financial team.

A professional team responsible for portfolio management and maintenance, allowing investors to easily build their own continuously leveraged portfolios without having to understand a specific mechanism.

BiKi Mining Pool (BiKi Mining Pool) with an annual profit of up to 35%

BiKi Mining Pool includes a number of pan-asset management activities such as PoS Staking, mainstream asset management, platform and popular currencies. It thus meets a wide range of consumer finance needs.

In the first phase, mainstream currencies like BTC, ETH, EOS, USDT and BIKI tokens have been introduced.

Quick loan

BiKi Quick Loan is a service that allows you to mortgage your digital currencies like BTC, ETH and some other popular coins as collateral for USDT.

Some of the core advantages of this service include: simple and convenient lending process, lowest interest rates for borrowers.

Fund security is extremely important to all users and is also a top priority for BiKi.

The transaction mechanism of BiKi exchange works with a high level of security and BiKi uses the fully offline multi-signature feature to store private keys.

Development potential

In the third quarter of 2020, BiKi will open a public financial chain. Ethan Ng, CEO of BiKi.com Southeast Asia, said this will be one of the core aspects of future financial institutions in the blockchain space.

BiKi also ensures that they will bring maximum benefit to their users by offering a wide range of financial products and services to the DeFi economy, including new and innovative ways to transact on the platform. platform.

Based in Singapore, BiKi.SG is also in the process of applying for a Payment Services Act (PSA) license from the Monetary Authority of Singapore (MAS). Users can expect BiKi to become a diversified exchange, becoming the “financial core” of the blockchain industry.

Conclude

BiKi has been a strong candidate in the exchange realm, even though it is a relatively new one. Unique features they provide “care” from the project to the user. Besides, there are innovative ways of investing in cryptocurrency.

Currently, BiKi is striving to become a regulated exchange in Singapore with a focus on development in Vietnam.

Let’s enjoy the features and benefits of using BiKi.com by registering for an account.

You can also follow BiKi.com via the links below:

Website: https://www.biki.com/en_VN/

Vietnam Telegram: https://t.me/BikiVietnam

Twitter: https://twitter.com/bikienglish

Facebook: https://www.facebook.com/bikiexchange/

Reddit: https://www.reddit.com/r/biki

Medium: https://medium.com/@bikicoin