Dear Biboxers,
Bibox DeFi Innovation Board will list BankSocial (BSOCIAL) on 5/27/2021.
【Bibox's instructions on BSOCIAL contract mechanism processing】
According to BSOCIAL's contract mechanism, users need to pay a 7% fee to the token contract every time they transfer money on the chain.Therefore, Bibox has the following rules for BSOCIAL deposit/withdrawal processing:
Deposit:Bibox deposit requires payment of 7% of the token contract fee.That is, the user successfully deposit to Bibox, the actual amount received = transfer amount-contract fee.
Withdrawal:According to BSOCIAL’s contract mechanism, Bibox charges a 7% Bibox collection fee for each withdrawal; The actual remitted amount of withdrawal = user's BSOCIAL withdrawal amount-Bibox collection fee-token contract mechanism fee.
*ERC transfer fees will be normally deducted from the actual token withdrawal amount.
For details of the token contract mechanism, please contact BSOCIAL official.
I. Listing Time
5/26/2021 14:00 (UTC+8), deposit and withdrawal functions will be enabled.
5/27/2021 11:00 (UTC+8), BSOCIAL/USDT trading pair and Grid Trading will be enabled.
II. Token Information
BankSocial™ is a first-of-its-kind Decentralized Financed (“DeFi”) peer-to-peer lending platform built on Ethereum. Initially, members will be encouraged to hold $BSOCIAL crypto by redistribution of all token sales. Its vision is to build a proprietary BLOCKSCORE™ social credit scoring system and social consensus lending pool, built with the security of smart contracts, to provide asset backed lending to the world.
Please be aware that crypto market price is volatile upon listing. Please trade cautiously after evaluating the market carefully.
III. Related Links
Official Website:https://banksocial.io/
White Paper:Click for Detail
Block Explorer (ERC20): Click for Detail
Fees: Click for Detail
Risk Warning:
Cryptocurrency investments are risky. Please make investments wisely according to your own risk tolerance.
Thank you for your support to Bibox!
5/26/2021
Official website:https://www.bibox.com/

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