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Topic: Someone Check This Please (Read 253 times)

Hallmader

sr. member

Activity: 1123

Merit: 253

Quote from: OddJobsForBitcoin on November 19, 2019, 06:37:46 PM

Hi everyone, someone invited me to use this exchange, Bbod.io Can someone experienced check how genuine it is? Thanks.

You have hundreds of exchange site options already, why would you choose a particular exchange that is highly unknown and therefore does not have a good volume and volatility? Is there any particular benefit one can get in choosing this one over a popular exchange which has a good volume, many traded coins, have a tested security system, and so on? There is only one reason for asking, to promote it indirectly.

stomachgrowls

hero member

Activity: 3010

Merit: 794

Quote from: OddJobsForBitcoin on November 19, 2019, 06:37:46 PM

Hi everyone, someone invited me to use this exchange, Bbod.io Can someone experienced check how genuine it is? Thanks.

Another way of side advertising by indirectly asking out the community but totally just want for people to go to the site.Not bad actually! Cool

Zero-Fee Crypto Trading
$0.00 trading fee. Make unlimited commission-free trades on perpetual futures contracts settled in BBD.Buy BBD tokens with a 60% discount and enjoy zero commission fees from December 10th, 2019.

This kind of promotion wont be enough though.

tmfp

legendary

Activity: 1932

Merit: 1737

"Common rogue from Russia with a bare ass."

Quote from: coupable on November 21, 2019, 01:32:38 PM

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 :

Quote

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.

Quote from: tmfp on November 20, 2019, 11:56:17 AM

Quote

Another topic from Newbie which is not sure is it safe to use Bdod exchange

Look at the post history.... Angry

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.

coupable

hero member

Activity: 2338

Merit: 757

Top-tier crypto casino and sportsbook

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 :

Quote from: tmfp on November 20, 2019, 11:56:17 AM

Quote

Another topic from Newbie which is not sure is it safe to use Bdod exchange

Look at the post history.... Angry

tmfp

legendary

Activity: 1932

Merit: 1737

"Common rogue from Russia with a bare ass."

Quote from: examplens on November 20, 2019, 09:01:42 AM

Quote from: suchmoon on November 19, 2019, 07:54:26 PM

OP does "odd jobs" so one of those must have been "post a thinly veiled ad but make sure you don't read the rules or the stickies".

obviously a new way of advertising. Newbie asking advice and free review.

Pretty old actually, I'm surprised I fell for it, must have been in a magnanimous mood.

Quote

Another topic from Newbie which is not sure is it safe to use Bdod exchange

Look at the post history.... Angry

examplens

legendary

Activity: 3472

Merit: 3507

Crypto Swap Exchange

Quote from: suchmoon on November 19, 2019, 07:54:26 PM

OP does "odd jobs" so one of those must have been "post a thinly veiled ad but make sure you don't read the rules or the stickies".

obviously a new way of advertising. Newbie asking advice and free review.
Another topic from Newbie which is not sure is it safe to use Bdod exchange: Is BBOD a good trading platform? Review

mole0815

staff

Activity: 2548

Merit: 2709

Join the world-leading crypto sportsbook NOW!

Quote from: OddJobsForBitcoin on November 19, 2019, 06:37:46 PM

Hi everyone, someone invited me to use this exchange, Bbod.io Can someone experienced check how genuine it is? Thanks.

i wear the BBOD signature since today.
for me it doesn't look like scam at all and so i decided to do so. can you tell us who contacted you or how? maybe it was just an attempt of a bounty user to generate advertising revenue via ref-links? Lips sealed

cryptoaddictchie

legendary

Activity: 2268

Merit: 1379

Fully Regulated Crypto Casino

Just surface with it, yesterday seems to be a new project that offers a highly delicate non custodial exchange platform. They also offer free trading fee (I just dont know until when it will be free) which some of exchange nowadays offers. We can see the full legality on a later date as the team progress on their project though the working product is LIVE now https://bbod.io/platform. They are having their sales with 60% discount ending on Dec 9, 2019. well let's just wait for the result of their crowdfunding cause they've mentioned that on 10th will be the first BBD listing.

All in all, I can sense any suspicious about them, the team also is very open. Will check again on a later date whether an accusation couls bs raised here or not.

bassbity

sr. member

Activity: 1092

Merit: 284

Quote from: OddJobsForBitcoin on November 19, 2019, 06:37:46 PM

Hi everyone, someone invited me to use this exchange, Bbod.io Can someone experienced check how genuine it is? Thanks.

What I know is that the Bbod.io exchange is in the development stage so you don't always trust or use the exchange, and Bbod.io also still sells tokens and launches a bounty campaign so I'm still monitoring the progress.

tmfp

legendary

Activity: 1932

Merit: 1737

"Common rogue from Russia with a bare ass."

Quote from: suchmoon on November 19, 2019, 07:54:26 PM

OP does "odd jobs" so one of those must have been "post a thinly veiled ad but make sure you don't read the rules or the stickies".

Haha, it crossed my mind too.

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

OP does "odd jobs" so one of those must have been "post a thinly veiled ad but make sure you don't read the rules or the stickies".

tmfp

legendary

Activity: 1932

Merit: 1737

"Common rogue from Russia with a bare ass."

It's not just an "exchange", it's a derivatives platform. Looks fairly well organized, I like the non custodial account feature.

No need for this to be posted in Scam Accusations unless you're making one.

Bitcoin_Arena

copper member

Activity: 2128

Merit: 1814

฿itcoin for all, All for ฿itcoin.

With all the trustworthy and popular exchanges around, why would you go for a less popular exchange like this?
This is my first time hearing about them and I am not even seeing any honest reviewer talk about it online. If i were you, i would avoid it.

TryNinja

legendary

Activity: 2758

Merit: 6830

It doesn't looks like a scam to me (at least not a blatantly one), but I have never heard of it.

What are you looking for in this exchange that others already don't have?

edit: his post history. Cheesy

OddJobsForBitcoin

member

Activity: 118

Merit: 35

Hi everyone, someone invited me to use this exchange, Bbod.io Can someone experienced check how genuine it is? Thanks.