BBOD: Non-custodial, Zero-Fee Crypto Derivatives Exchange

[Haldor]

Do you know ...

Our competitor (centralized exchange) https://www.deribit.com

Has average daily volume of $15m ? with 0.035% average fees, they earn $5250 daily.

Do you know that BBOD is now worth $340,000 and 50-60% BBD tokens earned from transaction fees will be burned ?

You are smart, you can calculate if BBD utility token is good to have.

[1715103230]

1715103230

[Haldor]

Do you know ...

BBOD team hold 30% of BBD tokens and we are happy to hold them for long time.

[zuzuca]

is there a bounty thread on this yet? cannot find a link to it. the devs did'nt released it yet?

[Infinum]

Will BBOD ICO be available at https://icomonitor.io/?

BBOD listed on Smith + Crown : https://www.smithandcrown.com/icos/

Smith + Crown is just a simple enumeration without any meaningful information about the ICOs listed.

(...) words like "Backed by the biggest names in the market" need a little bit more proof than that

Don't see any scam here really, but words like "Backed by the biggest names in the market" need a little bit more proof than that

This refers to people who have worked (team members)  / or now work (advisors) in "big names".
Former Director (15 years) of Societe Generale Corporate & Investment Banking in New York, etc.
Official collaboration with the best polish institute in quantum cryptography : National Quantum Information Centre, etc.

As stated the project is not supported by the "big names in the market" but by former employees of "big names" i.e. by people who may or may not be relevant in the industry and certainly do not represent anymore the industry-recognized companies they have worked for in the past. Such wording is at best questionable and at worst disingenuous to the investors.

The Team seems like a competent group of people. However, one aspect of this project seems a bit weak and that is marketing. The ICO is in full swing but investor support is falling behind due to sluggish information sharing.

How to best reach the responsible Team member Hubert Olszewski https://www.linkedin.com/in/hubert-olszewski-6a81aab9/ for a private discussion about PR?

[Haldor]

Will BBOD ICO be available at https://icomonitor.io/?

BBOD listed on Smith + Crown : https://www.smithandcrown.com/icos/

Smith + Crown is just a simple enumeration without any meaningful information about the ICOs listed.

(...) words like "Backed by the biggest names in the market" need a little bit more proof than that

Don't see any scam here really, but words like "Backed by the biggest names in the market" need a little bit more proof than that

This refers to people who have worked (team members)  / or now work (advisors) in "big names".
Former Director (15 years) of Societe Generale Corporate & Investment Banking in New York, etc.
Official collaboration with the best polish institute in quantum cryptography : National Quantum Information Centre, etc.

As stated the project is not supported by the "big names in the market" but by former employees of "big names" i.e. by people who may or may not be relevant in the industry and certainly do not represent anymore the industry-recognized companies they have worked for in the past. Such wording is at best questionable and at worst disingenuous to the investors.

The Team seems like a competent group of people. However, one aspect of this project seems a bit weak and that is marketing. The ICO is in full swing but investor support is falling behind due to sluggish information sharing.

How to best reach the responsible Team member Hubert Olszewski https://www.linkedin.com/in/hubert-olszewski-6a81aab9/ for a private discussion about PR?

Hi, ico trackers are not the best way to get meaningful information. The most recommended way is to read Executive Summary, then Whitepaper, read our Medium (it will be one of the official channel for communication with our token holders after the Sale). We also create a special section on website devoted solely to communication with token holders (monthly short report, quarterly detailed reports). We want to introduce new standards.
You can also ask for email for founders. We will upload the email on the website soon.

We changed "big names in the market" for less controversial statement.

Expensive marketing is not our concern. Our goal is provide true information about the project. We are open to suggestions what we should  do to have better communication with our token holders. But we will not spend XX BTC for influencers, advertisements, press releases, etc. We want to introduce new standards. Our fiduciary duty is to serve our token holders, blockchain community and spend most of money for development of the platform.

[Infinum]

Hi, ico trackers are not the best way to get meaningful information. The most recommended way is to read Executive Summary, then Whitepaper, read our Medium (...)
We want to introduce new standards.

OK, I did that at the beginning but not many people do those things.

Right now on crypto scene there's much more lazy money than smart money so providing a well rounded jist of BBOD offer to a broader audience would raise the ICO's valuation. I am not saying to _only_ do pure marketing but it is important to dazzle people a bit or else the ICO will not gain much traction outside of small circle of investors. Just look how long it takes to achieve the MinCap while other, much more pie-in-the-sky, ICOs raise millions of USD. There's a reason to it.

The product will not sell itself just because it has a great technology and team behind it - this rarely if ever works without a bit of marketing pixie dust.

You can also ask for email for founders. We will upload the email on the website soon.

We changed "big names in the market" for less controversial statement.
(...) We are open to suggestions what we should do to have better communication with our token holders. (...) Our fiduciary duty is to serve our token holders, [Suspicious link removed]munity and spend most of money for development of the platform.

Cool. In the spirit of better communication: are there any institutional investors you can talk about who are ready to support the project?

[Haldor]

Cool. In the spirit of better communication: are there any institutional investors you can talk about who are ready to support the project?

Yes, we are in talks with different institutions:
 - crypto hedge needs derivatives to hedge specific token exposure, maybe crypto VIX, etc.
 - successful ICO's holds their own coins and are naked
 - mining pools would like to hedge mining capacity
 - ICO's which will finance movies, games, music will need project specific hedge
 - academic researchers who are interested in making research in this new field

Think about long-short neutral portfolio of crypto tokens, well diversified with +100 tokens on one side. Now this is impossible create such portfolio.

Now we have fiduciary duty to deliver the product. We are aware the challenges we will face. We do not want to be just another trading platform.

Thank for your comments, you looks to be very competent person.

[Haldor]

Happy to announce!

https://medium.com/@bbod

[Haldor]

Our main competitor LedgerX has already begun trading cryptocurrency derivatives. In first week LedgerX has $1m trading volume.

Sadly, you need to Be US-based and US-banked to trade...

https://www.coindesk.com/ledgerx-trades-1-million-bitcoin-derivatives-first-week/?utm_content=buffer860c8&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

[Infinum]

EtherDelta is unbearably slow. Will BBOD platform be faster?

[Haldor]

EtherDelta is unbearably slow. Will BBOD platform be faster?

We are fully aware of etherdelta weaknesses.
But this is the problem with all fully decentralised trading platform, user experienced is very poor.
The same problem is with https://variabl.io/. You can trade there CFD on Ether but maturity is 24h ! Quite funny, like binary options. My trading experience is rather poor but they still work on final version.

From the technical point of view, there are important features that a good decentralized trading platform should have in my opinion:
(1) blockchain architecture to offer high throughput and secure transaction processing,
(2) security, traceability and auditability of transactions (encryption of transaction data and decryption for audit),
(3) a fast and flexible matching engine,
(4) solid protocol for clearing (margin management) and settlement transactions,
(5) market design for promoting liquidity,
(6) fast and responsive trading user interface to  support a large number of simultaneous connections,
(7) platform design should be ledger agnostic (Bitcoin, Dash).

From the client point of view the most important factors are:
(1) Friendly and responsive user interface,
(2) Liquidity,
(3) Security.

By the way, do you know Metatrader 4 ? Probably the most user friendly trading platform ever produced.


 

[Haldor]

Do you know ...

BBOD currently team hold approx. 35% of BBD tokens and we are happy to hold them for long time.

[Haldor]

Do you know ...

All BBD tokens that BBOD collects from fees, after paying Exchange Operator and Partners, will be burned and taken out of circulation, ceasing to exist, forever.

[Haldor]

BBD tokens are now listed and exchangeable on EtherDelta.com

https://etherdelta.com/#BBD-ETH

Happy trading !

We work towards introducing tokens to centralized exchanges.

[Haldor]

Clearing on a blockchain. Proof-of-Reputation.

[Infinum]

We work towards introducing tokens to centralized exchanges.

It would be great to add BBD/ETH pair to CoinMarketCap.com but ATM the requirement is $1000 volume/24h.
This won't happen unless the volume on etherdelta.com rises or a centralized exchange accepts BBD for trading.

Which exchanges you have in mind?

[Haldor]

Hi Infinum,

We are in talks with exchanges, we are aware that this is very important for our token holders. Soon, I will have more information from our PR Manager.

[Haldor]

The future of crypto derivatives trading

[Infinum]

We are in talks with exchanges, we are aware that this is very important for our token holders.

You are right, it is.
Is it a secret which exchanges you've approached already?

BTW apart from CoinMarketCap.com there is also WorldCoinIndex.com and CoinGecko.com. It would be beneficial to the project if BBD was also listed there.

Etherscan.io has only partial support for BBD token i.e. the token is listed with $0 value (it does not sum with other tokens) and does not have its own name/icon on token transfers page.
https://i.imgur.com/hjCoS3s.png
What can you do to fix it?

PS. The new roadmap graphic on the main page is cool.

[hirokazu]

is there a bounty thread on this yet? cannot find a link to it. the devs did'nt released it yet?

Bounty campaign thread is alive since 23 October, but just lack of participant that interested https://bitcointalk.org/index.php?topic=2303363.0