BBC Whitepaper
1. Introduction
BigBoss Coin (BBC) is a token issued by BigBoss, a platform providing a range of services, with the forex platform being the flagship service. Since its inception in 2013, BigBoss has been growing while going through the bull and bear markets for over eight years, and its annual trading volume has grown to 1 Trillion USD in the year ending 31st March 2021.
Holders of BBC can enjoy a number of perks offered by BigBoss Group, including optimal conditions to margin trading, participation in Staking and IEO offered. Additionally, plans include the relaxation of fees for cryptocurrency physical trading platforms, improved preferential treatment for affiliates when referring BigBoss, and enhanced participation privileges in game contents such as “Gacha”.
2. Problems in the market
Many projects, few surviving the winter
Many believe that the period between 2016 and 2017 to be a bubble period for the crypto market, and a significant cause for that was there being hundreds and thousands of projects launching as ICO.
The most recent bubble was considered to be in 2020 and 2021, with many coins and tokens' values skyrocketing. But objectively speaking only a handful of projects succeeded and most of the other projects failed and are no longer active.
In some cases, albeit there being progress with the project’s development, that progress did not bring value, resulting in no upward price action.
As a result, most of the projects launched between 2018 and March 2020 bear market did not survive or thrive as anticipated, only a tiny portion of the projects launched during that time are keeping their value as of June 2022.
A few rare success cases are crypto exchange-centric projects such as Binance Coin (BNB) and Kucoin Token (KCS), or Chainlink, VeChain and Decentraland which focus on blockchain contents.
From the above background, we have come to the conclusion that there is a need to create a token which’s value is tied to content that has demand, a demand will not be affected regardless of being in a bull or bear market.
Risk of Hacking
A lot of hackings are happening around the crypto space causing losses, from crypto exchanges, Defi, wallets, basically everything can become a target.
Since the launch of our platform in 2013, we have never been penetrated by hacking attempts. Your funds are securely held in a segregated account and protected with our watertight security which has withstood the test of time.
Comparison of Problems
BigBoss Coin(BBC) offers a variety of use cases, rewards and perks for users on BigBoss platforms including forex and crypto exchanges with more to come as the token and services develop.
| Contents | BigBoss Coin | Other Coins |
|---|---|---|
Liquidity/ Funding | 8+ years Solid and Established Platform, token buyback and burn with portion of group's profit every quarter. | Limited liquidity from team, reliant on hype from users to maintain price, which is likely to fall when hype drops. |
Use Cases | Rewards and Perks trading on BigBoss, and more to come. Utilities focused on BigBoss platform so can be coordinated and achieved with relatively low hurdle. | Targets reliant on third party collaboration or output from developers, core team members / partners may leave after seeing token not growing as anticipated. |
Ease of buying and selling | Buying, Selling, Deposits and Withdrawal on BigBoss's Spot Crypto trading Platform "CRYPTOS", which is intuitive and easy to use. | Need to set up wallet, charging up with gas fee and navigate through Defi platform, which could be difficult for new users. |
Support | Customer Support if you encountered technical problem e.g stuck transactions, general question etc. | Limited support through tokens' telegram group, and high risk of encountering scammers impersonating as support team. |
3. About BigBoss
Since its inception in 2013, BigBoss’s services have been enjoyed by global clients with a high level of satisfaction and have established itself as a top-class FX broker. As of 31st March 2022. BigBoss has accumulated over 200,000 clients, with an annual trading volume of more than 1 Trillion USD.
Entity Name: Prime Point LLC Address: 1/F, First St Vincent Bank Ltd Building James Street Kingstown St. Vincent and the Grenadines Website: https://www.bigboss-financial.com/ Established since 2013
Trading on over 80 types of financial products such as FX, CFD, and Crypto CFD with up to 2222 times leverage, using MT4/ MT5 or our proprietary smartphone app “BigBoss QuickOrder”.
Currency pairs and account types: https://www.bigboss-financial.com/account_type_list Leverage: https://www.bigboss-financial.com/margin_and_leverage Negative balance protection: https://www.bigboss-financial.com/negative_balance Cryptocurrency CFD: https://www.bigboss-financial.com/crypto_cfd
Top-level customer support with manned customer support covering 15 hours everyday from Monday to Friday between 19:00 and 10:00 (GMT), 24/7 support through our chatbot is also available.
CRYPTOS
A renewed version of BigBoss’s Spot Crypto trading platform FOCREX. Easy to use intuitive design that even beginners can trade in a breeze, with improvement updates in the future further enhancing users' experience.
Popular coins and tokens sometimes take a long time or are even unable to be listed on exchanges registered in countries with tight restrictions, causing investors to miss out on opportunities to catch the growth. At CRYPTOS, we strive to provide the hottest cryptocurrencies available so that you will not be missing out!
4. About BBC
Why does it have values?
As of 31st March 2022, BigBoss Group has more than 200,000 clients with an annual trading volume of 1 Trillion US Dollars. 25% of profits will be used to buy the BBCs back and burn them (remove from circulation) per quarter.
*Credit Bonus
Get bonus trading credit by topping up or transferring BigBoss Coin to your MT4/ MT5 trading account. The bonus gives you the advantage of having a higher balance for trading. With the credit bonus together with your own funds' balance, you can hold more positions or maintain a higher margin ratio. The amount of credit bonus granted is based on the rate at the time of the reflection.
The credit bonus will be added to the margin along with the balance. It is possible to improve the superiority of trading by making it easier to hold more positions and keep the margin rate maintained at a high number.
As demonstrated above, after purchasing BBC, you can transfer BBC to MT4/MT5 account at “My Page” on BigBoss, and receive your credit bonus in minutes.
With the above specifications, even if the BBC price is affected by the market price, drops significantly or vice versa, users can greatly reduce the price fluctuation risk of the BBC.
*Up the Leverage
Users holding over a certain amount of BBC can hold or maintain a position using higher leverage.
The applicable leverage depends on the balance and is renewed daily.
Please refer to below for more information. https://www.bigboss-financial.com/margin_and_leverage
*User grade programme and perks
In the future, we will be implementing a user grade system with the grade proportionate to the length of time you have been trading. The higher grade you are at, the more BBP will be awarded.
*Users will be awarded BigBoss Point (BBP) which can be exchanged into trading credit, the amount will be proportionate to their grade. Please refer to below for more information. https://www.bigboss-financial.com/bbp
Maintaining a certain balance of BBC allows a user to start at a higher grade than usual.
*Staking rewards
Earn interest simply by staking your BBC.
*Participation in BigBoss campaign with enhanced terms
BigBoss holds promotional campaigns from time to time and we will be planning future promotions with BBC holders eligible for even more, stay tuned!
*More for IB leveling up
Currently, BigBoss is providing an affiliation programme called Introducing Broker System (IB System) with 6 different grades. We plan to make it more rewarding for IBs who are also BBC Holders, not only with higher remuneration but also through a possible tie-up campaign with BigBoss. More information will be available at a later stage.
For our partnership programme, information can be found at the below link: https://www.bigboss-financial.com/partner
*Game contents
Gacha
coming soon
Bull Bear Market
coming soon
*Avoid account becoming dormant
Dormant accounts with no balance and trade history will be charged a maintenance fee. By staking BBC, you can avoid your account becoming dormant.
5. Tokenomics
Symbol: BBC Total Supply: 100,000,000 Initial Circulating Supply: 14,000,000 (14%); Team and Company holdings have 12 months cliff and full release after 36 months. Network: ERC-20 (Multi-chain deployment on BSC, Polygon and Solana planned)
Initial distribution:
6. Disclaimer
The content of this document is intended solely for general informational purposes only and do not constitute a prospectus, an offer document, an offer of money (whether digital or physical), bond, securities or any other kind of investment or a solicitation for investment. The information herein may not be exhaustive and does not imply any elements of a contractual relationship. There is no assurance as to the accuracy or completeness of such information and no representation, warranty or undertaking is or purported to be provided as to the accuracy or completeness of such information. The information is subjected to changes as the project develops and does not constitute any binding agreement. Further, the Whitepaper or the Website may be amended or replaced from time to time. There are no obligations to update the Whitepaper or the Website, or to provide recipients with access to any information beyond what is provided herein. The project is not available to residents or nationals of certain jurisdictions, you will and shall at your own expense ensure compliance with all laws, regulatory requirements and restrictions applicable to you as the case may be.
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