100% platform profit giveaway; Boboo aims for the strongest liquidity among exchanges
For cryptocurrency exchanges, liquidity means life. It is not only an important factor for users to consider when investing, but also a key consideration for project developers when choosing a partner. So, how liquidity can be best understood?
In the field of digital asset, liquidity refers to “the ability to convert tokens into other tokens or cash.” It can reflect the health status of an exchange from multiple dimensions, such as the market depth[y1] , the rate of filling orders from both the sell-side and buy-side, price stability, trading activity, number of traders, trading volume, etc. In simple terms, liquidity can be understood as an invisible hand. Good liquidity is flexible and fast, which can help users quickly buy and sell digital assets at the most reasonable price. Poor liquidity is clunky and slow. It takes time and effort to match buyers and sellers and the transaction price is often dissatisfactory.
As the downhill battle begins, how should exchanges build liquidity?
There are many factors that affect the liquidity of exchanges, such as market conditions and national policies. For the same exchange, there is a significant gap between the bull market and bear market in terms of liquidity. It seems that everyone feels the significant impact of positive and negative policies deeply. Nowadays, the exchange is in dilemma, how can we maximize the liquidity of the platform?
In this regard, the Boboo exchange has made the best demonstration.
In order to create the strongest liquidity in the entire network, Boboo announced today that it switched the platform liquidity on December 6. After that, 20% of the platform’s profit was used as the cost of liquidity services to comprehensively improve users’ trading experience, a move that aims to win users’greater recognition.
Boboo’s efforts on platform liquidity go far beyond that. As the world’s first PoB (Proof of behavior) cryptocurrency trading platform, Boboo puts the interests of investors at first and focuses on creating liquidity. Since the launch of the trial operation in November, Boboo has returned 100% of the platform’s revenue to users in the form of PoB, and added ETH to the reward pool every day and BTC every week for the first three weeks after the launch. Boboo Exchange really accomplishes its development concept — “Benefits from users, rewards to users”. The bear market is chilly, yet the arrival of the Boboo exchange gives industry users some new hope.
The creation of exchange liquidity requires not only innovative models, but also blockchain technology as underpinning basis. Boboo will use mechanism innovation and technological innovation to continuously improve the PoB ecosystem, optimize resource allocation, provide the best investment environment for global digital asset investors, and promote the healthy development of the industry.
About Proof of Behavior
Proof of Behavior is the original ecological consensus mechanism created by Boboo. All the behaviors that made contributions to the ecosystem will be recorded and rewarded with the ecological benefits of the entire platform. By distributing the benefits, the platform will motivate users to contribute more.
In other words, users and the platform are in a win-win relationship. Users’ contributions help the platform continue to grow, and the sustained development of the platform benefits users in return. Boboo expects more people to contribute their behaviors and will also promise them greater gains.
Published at Mon, 09 Dec 2019 06:59:33 +0000
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