Options and Futures on the Blockchain Board of Derivatives. PRE-SALE begins on 22th September at 8AM GMT.

By
Richard Kastelein
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Built on the Ethereum distributed ledger the Dublin-based Blockchain Board of Derivatives (BBOD),  designed to be the world’s first, autonomous, on-chain derivatives execution venue, which allows trading cryptocurrency smart derivatives contracts (futures and options) with high liquidity and unprecedented security will open up its token PRE-SALE beginning on September 22th at 8AM GMT.

It will last for 48 hours, offering 40,000 BBD tokens for early supporters at 50% discount (1 BBD = 0.5 ETH).

BBOD’s international and highly experienced team of scientists, programmers and coders with professional experience acquired in IBM, Hewlett Packard, CERN and Max-Planck Institute. The team came to realise, that cryptocurrency holders, right now,  need a secure and highly liquid derivatives market with a listing service for the growing number of digital tokens.

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Backed by cryptography researchers from National University of Singapore and National Quantum Information Centre (University of Gdansk), BBOD claims to provide unbreakable on-chain encryption of all sensitive transaction data like price and volume by using elliptic curves post-quantum cryptography, which is secure against all known quantum algorithms. This solution protects members from abuse by greedy miners and front-running.

The ex-Bunge commodity-options trader and founder, Krzysztof Urbanowicz, Ph.D, explains, that high liquidity is guarenteed by a unique hybrid market composed of frequent batch auctions and an autonomous market maker. By its nature, this design provides members with high liquidity, reduced spreads, and prevents HFT-style “flash crashes”. Additionally, to accommodate a decentralized network effect our liquidity is supported by Reserve Contributors, who utilize their idle cryptocurrency in exchange for a reward by collecting a percentage from trading fees.

Aside from trading service, BBOD offers an easily accessible solution, that allows all members to list their tokens on the auction market, either to facilitate derivatives trading or physically convert tokens.

The inherent benefits for BBD token owners are as follows:

  • Membership – access to all services on the platform
    • Cryptocurerency trading
    • Reporting and analytics
    • Listing service
    • Reserve Contributrs service
  • Discounted trading – the more BBD tokens are held, the more atractive the trading conditions.
  • Reserve contributors – the more BBD tokens are held, the more atractive the rewards.
  • Listing service – the more BBD tokens are held, the more atractive the listing service conditions.

The trading platform will be open for all users, however to have access to all services, a user needs to buy BBD tokens.

Immediatelly after the token PRE-SALE, the Team will take all steps to facilitate BBD tokens trading.

The platform’s roadmap lays out its future path to develop single venue for cryptocurrency owners to trade derivatives, convert cryptocurrencies and list new and existing tokens on the market.

The preview version of the application will be released at the end of September 2017 and users may trade futures and options with the BBOD Ether index as underlying asset.

The Blockchain Board of Derivatives (BBOD) and its unparraleled security and liquidity enhancing techniques is an absolute necessity for anyone who wants to protect their cryptocurrency portfolio from market volatility or just speculate on the markets to rise or fall.

Core team members:

Advisors:

TOKEN PRE-SALE and TOKEN SALE

BBOD will open up its token PRE-SALE beginning on September 22th at 8AM GMT and last for 48 hours, offering 40,000 BBD tokens for early supporters at 50% discount (1 BBD = 0.5 ETH).

Later on, BBOD will open up its token SALE beginning on 1 October at 8AM GMT and last for 14 days offering 200,000 BBD tokens at linear discount ranging from 40% to 0%.

Go to http://www.bbod.io/ for more information or read WhitePaper in English on their Homepage and follow them at Twitter, Facebook ,Linkedin and Slack.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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