China Monthly Report (June 2019)

Hi everyone. I’m Yiqun, the Chinese Community Manager for BBOD. From now on at the beginning of every month, I will be publishing a “China Monthly Report”. From these articles you will discover the latest news in the crypto space in China. 

So let’s get started! What interesting stories occurred in China’s crypto market last month?

Kangding Government Check and Rectify Bitcoin Mines for Illegal Construction

In order to buy cheaply priced electricity from the nearest power station, many Bitcoin mining factory buildings are illegally built inside the Dadu River basin in Ganzi, Tibetan Autonomous Prefecture. Some of the buildings are built directly on riverbanks which can be a great safety hazard. On June 7th, the inspection team formed by government officials of Kangding conducted a rectification of the “Sanwu buildings (not planned, not approved, no documents)” in Zhedong areas. The reporters were informed that the relevant parties must submit the relevant documents to the Kangding Government Office by 10th June, before when the operation must be stopped.

(Source:http://www.thecover.cn/news/2077344

CEO of Tron Blockchain Justin Sun Paid $4.6 Million for Lunch with Buffett

The 28 year old tech entrepreneur, the founder and CEO of Tron Blockchain and the “apprentice” of Jack Ma, Justin Sun has paid the record-breaking $4.567.888 to have lunch with Warren Buffett. Announcing this news, he posted in his personal Weibo account(@孙宇晨) that he had always been a believer of Buffett’s “Value Investing” theory and he wanted to invite other blockchain industry high-profile figures to attend the lunch with him, to communicate with Buffett in the hope of improving the friendship and understanding between conventional investors and cryptocurrency believers.

Weibo-Tron-blockchain-jack-ma-justin-sun-warren-buffet
(Translation: I officially announced that I have successfully photographed Warren Buffett’s 20th Anniversary Charity Lunch with a record-breaking price of $4,567,888. I have always been a long-time believer in Buffett’s “value investing” theory. I hope to invite other blockchain industry high-profile figures to communicate with Buffett and to enhance the understanding and friendship between top conventional investors and cryptocurrency believers, so that the entire industry can really benefit!)

BNB Holders are able to do Margin Trading on Binance

Changpeng Zhao, CEO of Binance, recently posted on his twitter account(@cz_Binane)that BNB holders can try margin trading on Binance.

chanpeng-zhao-binance-twitter

2 Blockchain Companies were listed as “The Most Innovative Companies” in Forbes China Innovation Summit, held in Chengdu

On 11th June, Forbes China Innovation Summit 2019 was held in Chengdu. More than 400 people attended the summit, including innovative business leaders, top investors and start-up entrepreneurs. “The Most Innovative Companies” is a list of selected companies that have had a great impact on the industries’ development.  The 2 companies that are selected from blockchain industry are Bubi Blockchain and Hyperchain.

(Source:http://scnews.newssc.org/system/20190611/000971800.html

Chairman and CEO of ANT FINANCIAL Xiandong Jing suggested that blockchain technology and other new technologies are becoming the new drive for the development of the Yangtse Delta region

The boundaries between the cities in Yangtse Delta area have become more and more blurred, new technologies represented by blockchain technology have been widely applied to many industries, eg. transportation, medical, justice. Alipay’s blockchain technology has been applied into more than 40 scenarios and more than half of those applications are in Yangtse Delta region. Chairman and CEO of ANT FINANCIAL Xiandong Jing suggested that new technologies represented by blockchain technology are becoming the new drive for the integrated development of the Yangtse Delta region.

(Source:http://www.xinhuanet.com/fortune/2019-06/10/c_1124602058.htm

CASIC Focusing on the Development of Online Business through “Cloud Marketing”

“Cloud Marketing” is a marketing platform created by CASIC (The China Aerospace Science & Industry Corporation Limited) in August 2018. The platform utilizes blockchain technology’s decentralization and anti-tampering features to improve and increase the marketing efficiency. So far, its subsidiary, Guizhou Space Appliance Co Ltd has released 1,206 products through the “Cloud Marketing” platform and achieved 642 transactions with a contractual value of ¥1.713 billion. Hunan Aerospace Magnet & Magneto Co., Ltd., affiliated to Hunan Aerospace, also released more than 40 products and completed ¥103.78M worth of online trading.

(Source:http://www.chinanews.com/cj/2019/06-09/8859880.shtml

BBOD Chinese Community Continues to Grow with a Breakthrough of Getting the First 1,000 Followers on Weibo

Founded in 2017, BBOD is the world’s first multi-asset non-custodial cryptocurrency derivatives trading platform. Our Chinese language community continues to grow. Our official Weibo account reached 1,000  followers on the 13th of June 2019. The @BBOD_Official Weibo account is the base of our  community in the Chinese language region and it has made it easier for Chinese speaking clients to follow the updates of our platform. We regularly publishes news, articles, interviews, campaigns and educational content from BBOD. 

BBOD-trading-platform-cryptocurrency-crypto-derivatives-forex

Tech Report: Optimization of BBOD trading platform

Hello BBOD traders! Since the last Tech Update, the BBOD engineering team have been working day and night to provide a robust platform for our users. As promised, we are back again with another Tech Update to keep you posted about what’s going on with the development of our exchange.

This time we will divide the updates into Backend and Front End progress: 

Backend

  • Improved database stability with improved memory allocation
  • Orderbook crossing bug found and being corrected
  • Found a bug in the matching engine regarding decimal place rounding (WIP)
  • Booting time was improved from 15 minutes down to 3 (including application startup time and order book management system)
  • A few new end points in account tab for affiliates and cashback were implemented
  • 2FA implementation was started (WIP – for now we have Google Authorization)
  • Implemented a more secure login model 
  • Overall performance improvements achieved everywhere in code

Front End

  • CAPTCHA for registration was implemented
  • Introduced web workers = using more than 1 thread in the application
  • UI performance was improved 2x
  • Translations on the platform were added for a few missing languages
  • Testing for front end (end to end, behavioral and unit)
BBOD-developers-IT-trading-platform

Devs Tip: Web workers – multithreading on frontend? 

Most front-end developers believe that JavaScript event loop is single-threaded and they would be correct! Therefore, this means anything that is CPU intensive or will take some time to complete will be blocking.

What can be done about it?

Web Workers introduces another thread to perform work which means you can still use an application while your browser does the heavy load.

TIP: Use Web Workers whenever you can. It’s as simple as:

var myWorker = new Worker(‘worker.js’);

Web-Workers-BBOD-trading-platform-crypto-cryptocurrencies-developers-IT

We are making progress every day, working hard to deliver a high-end, semi-decentralised cryptocurrency futures trading platform. Our hybrid architecture offers the user experience of a centralised trading platform whilst providing the security and privacy of a decentralised exchange.

Don’t forget that we will be releasing tech updates like this every Monday! 

If you have any questions or comments then please feel free to reach out to us, either through our Telegram Group or any of our other social media channels.

Why we are making communication our top priority at BBOD

If you have been following our development path through the last year or so you may have noticed, we have had a fairly quiet communication style here at BBOD. We only ever posted about big milestones that we achieved, events that we attended or interesting partnerships that we made.

We believe now is the time to improve our communication. Why? Simply because we want to reward your patience and support for all this time you have followed our journey, by providing you with more information about what’s going on inside BBOD.

We have an amazing international team that is working hard to provide you with the best crypto-trading experience ever; along with an outstanding customer support team. Each and every one of us is doing our part to bring you the best that we possibly can and maybe that is why we have been so silent up until now.

We believe it is the right time for us to show you everything BBOD has to offer. We will start posting in our blog almost daily, providing you with:

  • Weekly Tech Updates of our trading platform (the first one has already been posted!)
  • Monthly reports from each region where we have a country representative, covering markets updates, news and activities: Japan, China, South Korea, India, Philippines, Brasil, Africa, Vietnam and LATAM.
  • Content about hot topics in the crypto and Blockchain sphere.
  • Educational articles and videos about crypto-futures trading (hang tight for our new series coming to our YouTube channel very soon!)
  • Journalistic sessions with our partners and various offices around the world
  • More, more and more!

We are an ever growing team! To help get us started, 3 new journalists have joined us that will be contributing to our content. So, now we have more than 30 people working to deliver the first hybrid, semi-decentralised cryptocurrency futures trading platform. 

Feel free to share your comments, thoughts and questions. We are eager to hear your feedback!

TECH REPORT: OPTIMIZATION OF BBOD TRADING PLATFORM

Hello BBOD Community! Thank you for being patient and supporting us throughout our journey. Starting today we will publish tech updates to keep everyone in the loop about our latest developments.  

So let’s go straight into it! Besides various fixes and optimisations to the frontend, backend, and the matching engine, we’ve applied the following relevant changes to our platform:

• A performance issue has been solved with our matching engine partners (GMEX).

• Platform optimised for lower end PCs and mobile phones which is still WIP (work in progress and will improve more in the future).

• The account  information panel calculations are now displayed correctly, but have not been finalised.

• The user account section was completely redesigned to provide a record of  trade and order history, P&L, and much more (still employing implementations)

• API responses include error codes, that will be translated and explained in documentation, as well as simple responses in English, and NoHassleErrorDetection™.

We’re working hard to provide you with a transparent, reliable, and honest platform allowing easy access to futures markets. Our hybrid solution will provide a real-time, ultra-fast matching engine in conjunction with a decentralised secure blockchain based settlement.

We’re excited to interview our matching engine partners – GMEX and cover some interesting topics for our community. Please remember we will be releasing Tech Reports weekly, so stay tuned for more updates!

Thanks again for all of your support and patience!

If you have any questions or comments then please reach out to us through our Telegram Channel or any of our other social media channels.

New and Improved Airdrop Dashboard has been released!

The obsession continues to grow every day around the upcoming launch of BBOD – the world’s first non-custodial multi-asset cryptocurrency derivatives exchange. Our social media channels have grown substantially this week! Over 52,000 thousand traders have pre-registered and joined the Airdrop in the first few days.

We are happy to announce our new dashboard that encompasses a convenient way to monitor your potential rewards. Detailed information will help you figure out how many credits are needed in order to pass into the next threshold to earn more BBD!

In the example below, you can see that you need exactly 13 credits to advance into the next threshold which would increase your potential 50 BBD reward into 500 BBD (positions 11-100).

airdrop-trading-platform-futures-crypto-leverage-bonus-free

But wait, there’s more! We are also thrilled to announce new methods of sharing your link:

  • VKontakte – most popular Russian social networking service
  • Linkedin – most popular employment-oriented service platform
  • Ameba – Japanese blogging and social networking website

BBOD is growing day by day, join our community of the world’s first non-custodial, multi-asset cryptocurrency derivatives exchange. BBD token is a must to hodl!

Do you have any questions? Join the discussion in Telegram.

Please share this news to the world about BBOD : 🌏One World, One Exchange 📊

The 1,000,000 BBD Airdrop has been launched with 40,000 users in the first 40 hours!

Hello traders from all parts of the world!

Enthusiasm continues to grow around the upcoming launch of BBOD – the world’s first non-custodial multi-asset cryptocurrency derivatives exchange. Our social media channels have exploded this week. Thousands of new traders have pre-registered at BBOD and joined the Airdrop (45,000 in the first 40 hours). In this article we will explain the “1,000,000 BBD Airdrop” and provide you with an insight into the BBOD exchange and BBD tokens.

1,000,000 BBD Airdrop overview

The airdrop is the last chance to get up to 10,000 BBD tokens before the launch of the first ever multi-asset non-custodial cryptocurrency derivatives exchange. By entering this airdrop we automatically pre-register you at BBOD and book your spot at the exchange so that you will be the first in line when we begin to on-board traders. BBD tokens will be distributed to 20,000 users who enter the airdrop and confirm their email. Users who refer the most friends will get the highest amount of BBD tokens.

How to enter the airdrop?

  1. Go to https://bbod.io, insert your email in the registration form and click “Pre-register”.
  2. Confirm your email address to complete pre-registration.
  3. Join BBOD telegram chat.
  4. Share your referral link to your friends using social media to earn the most of BBD tokens.

You will get 1 credit for each time your friend signs up and verifies his/her email address.

Airdrop rewards

  • The top 5 users will get 10,000 BBD tokens each.
  • The next 6 – 10 users will get 5,000 BBD tokens each.
  • The next 11 – 100 users will get 500 BBD tokens each.
  • The next 101 – 20,000 users will get 50 BBD tokens each.

You can check your status and position when you type your email in the registration form again and click pre-register.

The promotion will end on the 30th of July 2019. Once the promotion ends, the prizes will be credited to your BBOD account.

In order to withdraw your reward, you’ll need to complete trades (closed trades) with a notional traded value of 25,000 TUSD (users from positions 101 – 20,000) and 50,000 TUSD (users from positions 1 – 100).

After generating the appropriate traded volume you can withdraw all of your free tokens from your trading account!

Have any questions? Please check our FAQ.

Why should you hold BBD tokens?

BBD is an ERC-20 token issued on the Ethereum blockchain with the total supply of 117,382,569 BBD. Just like with BNB coin of Binance, BBD token allows you to receive a substantial discount on trading fees up to 20%.

The demand and price for BBD is mostly driven by the amount of trading volume on the BBOD exchange. The more trading at BBOD, the higher the potential price of BBD tokens. All traders on the BBOD exchange need to hold BBD in order to participate in leveraged trading and receive discounts.

What will be the price of a BBD token? We do not know what the future holds, but the best way to estimate the approximate value is to compare the BBD token with other existing exchanges’ tokens like Binance’s BNB (similar total supply : 141.1m tokens).

The comprehensive analysis and valuation on the BBD coin has been produced by the independent research house “BBOD Research”, which can be found here. BBOD Research has concluded: ‘We initiate a strong bullish stance towards the BBD tokens, Overweight, 12-month EFV in the range of $1.23 – $12.26 per BBD token depending on the traded volume.’

What is BBOD?

Founded in 2017, BBOD (“Blockchain Board of Derivatives”) is aiming to be the largest multi-asset non-custodial cryptocurrency derivatives exchange. Our purpose is to democratise trading to anyone by empowering our clients with direct market access to cryptocurrencies, indices, commodities, stocks, forex, treasuries, and ETFs from a single account without holding your coins on the exchange.

We serve our clients by providing access to global financial markets by listing perpetual and futures contracts with a leverage of up to 50x. With hundreds of instruments to trade you will be able to find opportunities in both rising and falling markets, create a diverse portfolio and increase your potential trading opportunities. You can choose to trade all asset classes from a single account using cryptocurrency as a deposit, without KYC and without holding coins at the exchange.

Refer your friends to win up to 10,000 BBD tokens

The more friends you refer, the more credits you will receive which will enhance your position on the list. To receive 10,000 BBD tokens your position must be in the top 5, so keep referring friends until you achieve this.

You can refer using various social media platforms including Facebook, Twitter, Whats App, Telegram, Korean Naver, Chinese Weibo and others will be added soon.

With the explosive interest we’ve witnessed so far, having over 40,000 users within 2 days without announcing the airdrop on the company pages, we’re confident that we will have a massive amount of users signed up by the time we roll out the platform to the public in 2019. This means there will be an overpowering demand for the BBD token as traders will need these tokens to trade all asset classes.

We are working hard to launch the world’s first multi-asset non-custodial cryptocurrency derivatives exchange. Stay tuned!

Telegram: https://t.me/BBODCommunity

Twitter: https://twitter.com/BBODTrading

Pre-register at BBOD and get up to 10,000 BBD tokens!


Disclaimer:

Please note, BBD is a utility token (like BNB) and you should not hold or buy with expectation for price increase. You should hold or buy only when you intend to trade at BBOD exchange and receive discount in trading fees.

Pre-register to BBOD and receive 50 BBD tokens!


How to Participate:

  1. Go to https://bbod.io/
  2. Enter your email address in the pre-registration form provided

Once the platform is officially launched, we will send you an invitation link where you can redeem your 50 BBD tokens by registering to the platform.

Terms:

The BBD tokens earned from the pre-registration will be frozen in your account until you have generated a notional trading volume greater than or equal to 50,000 TUSD.

For example, If you deposit 200 USD, using reasonable risk, you need to execute a couple of trades to reach the required volume and earn the bonus.

The BBD tokens earned from the pre-registration may be used in different ways:

Stay up to date on the BBOD launch by joining our community on Telegram:

  • You may withdraw BBD
  • You may pay transaction fees with BBD
  • You may exchange BBD for TUSD

https://t.me/BBODCommunity.

Notes to the Terms:

  • BBOD reserves the right to cancel or amend the promotion or promotion rules at our sole discretion.
  • The Bonus will be available for a limited time only and users must generate the required notional traded volume within 30 days of registration (the “Time Limit“).
  • The bonus will expire and shall be removed from the user’s account if not used within the Time Limit.
  • All customer offers are limited to one per person. If BBOD has reasonable grounds to suspect that the bonus or offer is being claimed by or for the benefit of the same person more than once or by a group of people then it may withdraw the bonus.
  • 2The official launch of the BBOD will be announced on our official Twitter account!

Disclaimer:

This material should not be the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions, and is not related to the provision of advisory services regarding investment, tax, legal, financial, accounting, consulting or any other related services, nor is a recommendation being provided to buy, sell or purchase any good or product.

BBOD and Croschain Technology partner to bring Delio KRW – stablecoin to crypto traders around the world

BBOD will add Delio as a Stable Cryptocurrency to enable trading futures contracts denominated in Korean Won.

BBOD and Croschain Technology are thrilled to announce a strategic partnership that will integrate Croschain’s stable coin, Delio (1 Delio = 1 Korean Won), as a potential deposit currency and collateral for futures trading on BBOD. In doing so, this partnership continues to push BBOD’s vision of unlocking the power of the blockchain to create world-wide, fully-featured, decentralized derivatives exchange with the possibility to deposit multiple-national stable coins.

“I’m really excited to see BBOD as the first decentralized futures exchange offering Delio, the first KRW stable coin, to the masses of Korean cryptocurrency traders. This milestone is an essential component for trading such cryptocurrency pairs as BTC/KRW, ETH/KRW, and many other altcoins” said Ms. Jihyun Park, CMO of BBOD.”

BBOD의 발전 가능성을 높이 평가합니다 양사 간 시너지를 기대하며 BBOD의 아시아 진출과 델리오의 유럽 진출에 큰 도움이 될 것으로 기대합니다” said Mr. James Jung, CEO of Croschain Technology.”

English translation: ‘We appreciate synergy between BBOD and Croschain. I strongly believe that this partnership will bring a lot of value to BBOD brand recognition in Asia and for Croschain in terms of our brand awareness and business development in UK and Europe. said Mr. James Jung, CEO of Croschain Technology.”

About Croschain Technology

Croschain is one of the most recognized brands in the Korean blockchain industry. Croschain that develops blockchain protocols, applications and other services related to blockchain technology.

About BBOD

BBOD, Cambridge-based, the first high-performance non-custodial futures exchange, provides both high-speed trading and on-chain settlement. Traders can buy and sell futures contracts with up to 50x leverage on major digital assets including Bitcoin, Ethereum, Binance, EOS, Ripple, DigiByte, Elastos, Decred and many other altcoins. All profits, losses, margin requirements and account balances are denominated in a stable cryptocurrency TUSD, meaning that traders do not need to worry about price fluctuations of their deposits.

BBOD hosts first Cambridge Blockchain Seminar

More than 50 people attended the first Cambridge Blockchain Seminar organised by BBOD in Cambridge Science Park, Cambridge, UK. The opening event has marked the beginning of a series designed to attract top authorities from the Blockchain space, both from academia (such as the University of Cambridge) and the industry itself.


Justin Drake, Ethereum Foundation Researcher, discussing Ethereum 2.0

The list of prominent guests consisted of Justin Drake — Ethereum 2.0 Researcher, Fredrik Liu — President of Cambridge Blockchain Society and Hazem Danny Al-Nakib — Co-Founder of Cambridge Blockchain Hub.


Ms Aki Moritani, Dr Piotr Arendarski, Fredrik Liu and Hazem Danny Al-Nakib

BBOD was represented by Ms Aki Mortiani, Head of Japan, Dr Piotr Arendarski, Chief Economist and Ivo Zielinski, Senior Blockchain Researcher.


Ivo Zielinski, BBOD Senior Blockchain Researcher, discussing Hybrid Blockchain Applications

Through the engaging lectures and discussion, BBOD has acquired significant knowledge that will be used to ensure that the BBOD trading platform will become one of the most technologically advanced in the industry.

Thank you all, and see you at the next seminar!