First thought after reading "zero trading fees" is how the company will make profits from the platform. I extracted this text about Fees from the whitepaper :
Zero-fee leveraged trading
BBOD will be the first Zero-Fee Crypto Futures trading venue. There will be no transaction fees (zero) on the BBD-settled futures markets (eg. BTC/BBD or ETH/BBD perpetual contract). Traders need to use BBD token as a collateral. Balances and PnL is denominated in BBD. The price of e.g. BBD/TUSD will be fixed during the day and set as the close price of the previous day. During the trading session, BTC/BBD index will be the same as the BTC/TUSD index.
I can't understand what it means to use BBD token as a collateral instead of imposing fees.
There is no such thing as no cost, so the absence of traditional fees means that revenue must be made in some other way. Enter the token.
Scrolling the whitepaper, there is a long explanation with stastics tables that compared fees in Bbd platform with fees in some other major platforms.
The company has also a green Charity program in form of donation cut from the fees :
We decided to donate up to 15% of our all trading fees to selected foundations, and you, as a BBOD trader will automatically participate in the contribution just by trading on our platform.
Experience has taught me to be wary of any project which headlines charitable deeds.
Another topic from Newbie which is not sure is it safe to use Bdod exchange
Look at the
post history....
I am really interested to understand about this "first kind" trading platform, but it's really sad how it is promoted by newbie accounts . 90% of replies in their ANN thread are made by new accounts .
Yes, carrying their signature too... Also instances of what they may think as clever "guerilla marketing" which, in fact, are traditional scammer methods of exposure.
They may have a good product, but there are a number of things about it which I'm not happy with.
DYOR.