Manson Ndubuisi
8 min readFeb 2, 2023

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BIB EXCHANGE- A CRYPTO TRADING PLATFORM THAT COMBINES CEX FEATURES AND WEB3 TO PROVIDE USERS WITH OUTSTANDING TRADING EXPERIENCE

Web3 is known as the third generation of the internet, where applications, as well as websites, will be able to process information in a smart human-like way through innovative technologies such as blockchain technology, Big Data, Artificial Intelligence, etc. Web3 is based on the fundamental ideas of decentralization, openness, and increased consumer usefulness, and its disruptive potential makes it a better fit than Web2. One of the primary aims of the Web3 space is to democratize the entire digital environment and to create the next-generation internet which will be accessible and beneficial to everyone.

The supply of digital assets also known as cryptocurrencies is a renowned Web3 application. Cryptocurrencies are aimed at giving users greater control over their digital funds and content with the help of a centralized infrastructure. Web3 can also be referred to as an extension of cryptocurrency utilizing blockchain technology in new ways to new ends. Blockchain technology is designed to store data in such a way that it cannot be falsified. Blockchain is efficient and fast, as a public ledger it can be freely shared among diverse users, it also creates an immutable record of their transactions and provides an ultra-secure network.

Blockchain technology's support of decentralization, data storage, and security makes it a natural and important element of Web3. Cryptocurrency and fiat gateways such as cryptocurrency exchanges play an important role in increasing the base of potential users for any Web3 platform. Cryptocurrency exchanges are online marketplaces where people can buy and sell their crypto assets. In addition to providing trading services, crypto exchanges also offer price discovery through trading activity and storage for cryptocurrency. There are several cryptocurrency exchanges where crypto users can buy and sell their digital assets, but BIB EXCHANGE Is at the forefront of them all, providing users with a unique trading experience like never before.

BIB EXCHANGE- THE LEADING CENTRALIZED EXCHANGE THAT IS BUILT FOR ALL

BIB EXCHANGE is a top-notch global cryptocurrency trading and custody service platform that provides millions of users around the world with reliable and trustworthy crypto asset trading and custody services. As a worldwide crypto marketplace, BIB EXCHANGE provides cryptocurrency payment services to over 500,000 companies. Apart from building a seamless three-dimensional international financial services group business system from crypto trading to crypto payments, BIB EXCHANGE has also established a full business of blockchain development as well as custody and trading services.

BIB EXCHANGE is a transparent, trustworthy, and highly secured trading platform that allows users to easily buy and sell their digital assets. As a custody service platform, BIB EXCHANGE acts as a custodian for any cash and crypto assets held in users' accounts. Once a fiat or cryptocurrency is deposited, they are under the custody of the exchange. Unlike other cryptocurrency exchanges, BIB EXCHANGE makes use of digital currency trading compliance businesses in several countries and regions to ensure that its users all over the world get the best trading experience.

One of the challenges facing many crypto exchanges is the lack of a user-friendly interface that will allow users to easily understand and navigate through the platform efficiently. But BIB EXCHANGE is built with an exquisite user-friendly interface that will enable every crypto trader (beginners and experienced traders) to access and trade freely, and easily on the platform and at the same time make the best out of the cryptocurrency market. BIB EXCHANGE user interface is specially designed to meet users' expectations as well as to support the effective functioning of the platform.

BIB EXCHANGE- PROVIDING LONG-LASTING SOLUTIONS TO THE PROBLEMS FACING THE WEB3 SPACE THROUGH BIB META

BIB Meta is a multiverse that embraces DeFi, GameFi, as well as NFTs. It is built to allow crypto users to freely immerse in the magnificent experience of Web3. In simple terms, Web3 is a decentralized version of the internet that is created to allow users to own their data. It embraces the crypto ethos and acts as an ecosystem that encompasses a series of projects such as decentralized finance, non-fungible tokens, etc. Web3 is designed to be decentralized, trustless, transparent, and permissionless.

Despite all these Web3 still has some market pain points (challenges) which must be addressed to bring about its mass adoption. These challenges include; Lack of Traffic and Funding Portal, Security Issues, Privacy issues, Ecological Construction Issues, and the Current Market Gap Between Web3 Projects and Exchanges. BIB EXCHANGE through BIB Meta which is a powerful Web3 project has come to address these market pain points and to enable everyone to start their Web3 journey seamlessly.

The problems of Traffic and Capital are solved by combining Web3 (BIB Meta) and world-class exchanges such as the BIB EXCHANGE which is a top-notch centralized trading platform that owns smooth and convenient transaction and traffic channels. For Web3 security issues, BIB Meta addresses this through its excellent security team that conducts code audits to ensure that users have zero product risk. As there are lots of phishing websites these days that lead to the exposure of private keys, BIB Meta ensures that users' assets will be protected from such websites by integrating several security prompts in its operation to enable users to start their Web3 journey with confidence.

Privacy Issue is one of the disadvantages of the Web2 space where users' information or private data are controlled by institutions, while Web3 puts users' private data in their hands. In the BIB Meta Web3 ecosystem, users can easily join without any form of identity verification, all they need is just a digital wallet that will be linked to their BIB Meta. Also, all the transactions are recorded on the chain to ensure that users' privacy is well protected. BIB Meta also solves the problem of Ecological Construction Issues of Web3 by the convergence of DeFi, NFT, and GameFi. These projects when integrated and allowed to be empowered by each other will solve the problem of diversity in the decentralized Web3 ecosystem.

BIB Meta resolves the problem of the current market gap between Web3 projects and exchanges by combining Web3 and centralized trading platforms (BIB EXCHANGE). The exchange provides amazing benefits to its token holders such as discounts on trading fees, Initial Exchange Offering Whitelist, etc which makes the BIB Meta more attractive and influential. It also provides funding and traffic support to BIB Meta in terms of marketing, thereby filling the current market gap.

WHAT MAKES BIB EXCHANGE UNIQUE AND EXCEPTIONAL

Apart from BIB EXCHANGE's unique user-friendly interface, other things make it an exceptional platform for global crypto users. They include:

  • HIGH PERFORMANCE AND STABILITY: BIB incorporates internal memory matching algorithms as well as an asynchronous non-blocking read & write mechanism. It also integrates distributed real-time information transfer and related advanced technologies to ensure that high performance, security, stability, and ease of operation are maintained.
  • MULTIPLE SECURITY MEASURES: BIB employs a whole range of security solutions to ensure the safety and security of users' digital assets. It also submitted CertiK to work with SlowMist which is a reputable blockchain security audit for code audit to obtain security audit reports. There is also a threat-aware system, along with a vulnerability management system and emergency response system which are built on the system security level.
  • DECENTRALIZED PROPHECY MACHINE SYSTEM: BIB Meta adopts a prophecy machine system to achieve data authenticity and reliability to prevent data forgery. The machine system also helps to ensure that smart contracts are docked to the off-chain real-time data to prevent data nodes from being manipulated, thereby ensuring the authenticity and reliability of data interaction with smart contracts.
  • DISTRIBUTED STORAGE OF METADATA: This is used to store images. The metadata in NFT records the characteristics of an image. NFT collectors can see their collections in wallets only, so long as the metadata is complete and permanent. BIB Meta utilizes the token URI function of NFT in a distributed storage mechanism in guaranteeing asset ownership to avoid losing the metadata.

ABOUT BIB EXCHANGE TOKEN

BIB EXCHANGE as one of the leading crypto exchanges has its native token which is known as BIB. It is built on the scalable Binance Smart Chain Network, BIB Token is a BEP-20 compatible crypto asset with a total supply of 100,000,000,000. Users can mint NFT through the burning of the BIB Tokens. It also offers many benefits to token holders. By holding BIB tokens holders will be able to receive attractive dividends in BUSD

There are three possible ways by which token holders can enjoy this dividend. They can hold BIB tokens in the centralized exchange wallets, by holding them in a decentralized wallet, or by delegating their tokens to the node.

CONCLUSION

Centralized exchanges are the most widely used method to buy and sell digital assets because they are more convenient and easy to use than DEXs, and BIB EXCHANGE is at the forefront of it all and remains a highly secured and trustable global leader. Unlike other trading platforms, BIB EXCHANGE is focused on premium asset security by implementing effective risk control and multi-dimensional protection to guarantee users' asset ownership and give users a unique trading experience.

Furthermore, the BIB Meta works with the BIB EXCHANGE to enrich the ecosystem and to create a Web3 ecosystem that can provide two-way empowerment. The BIB EXCHANGE also provides many ecological functions such as token dividends, discounts on trading fees, etc to empower BIB META. The Web3 ecosystem (BIB META) on the other hand supports the BIB EXCHANGE through a diversity of projects such as DeFi, GameFi, NFT, and community nodes.

BIB EXCHANGE is the most reliable platform where crypto enthusiasts can buy and sell their digital assets. It offers interesting and innovative products and services that will enable users to maximize profits. BIB EXCHANGE products and services include; Spot Trading, Future Trading, Copy Trading, Flash Options, and many more. Investing in BIB tokens is the easiest way to achieve financial freedom.

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WRITER’S INFORMATION

Writer: Mansonndubuisi

Bitcointalk Username: Mandez4real

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Manson Ndubuisi

I am a crypto writer and a blockchain technology enthusiast. Here is my homepage link, https://mansonndubuisi.medium.com/