What is BiDao?
BiDao is a new blockchain system that creates a trustless stablecoin and a new decentralized financial tool that allows leveraged trading in a trustless setup. Moreover, BiDao is a one-stop-shop for DeFi applications.
LBank, global leading crypto asset exchange, is glad to list BID/USDT trading pair at the specific time below:
Deposit Enable : 15:00, Oct 13th, 2020 (UTC+8)
Trading Open : 15:00, Oct 14th, 2020 (UTC+8)
About BID
Symbol：BID
BID Website: www.bidaochain.com
WHITE PAPER：https://bidaochain.com/static/docs/whitepaperBidao.pdf
BiDao is building a new blockchain system that is dedicated to DeFi. In the beginning, BiDao will be completely integrated with the Bi- nance Blockchain and BNB will be used as the collateral. In the future also other Blockchains will be integrated into the BiDao ecosystem. Our goal is to create a blockchain-agnostic ecosystem for Defi appli- cations.
The BiDao Cryptocurrency (BID) utilizes a completely decentral- ized proof-of-stake Blockchain with an additional collateral-backed value token which is 100% stable in value quite in contrast to for example Bitcoin, Binance Coin or Ethereum which experience huge fluctuation. As Settlement Layer the BiDao system utilizes the Binance-chain. This means that you can also freely interact with all crypto assets that are running on Binance-chain. In future, BiDao will be also integrated with other Blockchains like Ethereum, Tezos, and EOS. This way BiDao becomes the one-stop-shop for Decentralized Finance (Defi) applications.
About LBank
Established in October 2016, LBank is the world class digital asset exchange. LBank provides secure, professional and convenient digital asset exchange services. LBank also has advanced investment services and staking services.
LBank has a team of nearly 300 elite employees with years of experience in the field of blockchain. The top team includes private equity investment experts from traditional financial institutions, tech titans Fortune Global 500 tech companies, and top researchers who have graduated from top tier universities.
LBank is committed to create the most professional digital asset trading platform. To enrich the user experience, LBank launched the ETF trading board. Leverage ETF is a perpetual product without settlement day. Investors can trade leveraged ETF on LBank with the same process of spot trading. There is no margin required, so no liquidation problem. Take purchasing BTC3L (3x long of BTC) as an example, users only need to check the net value, select the proper price, and enter purchase quantity to buy BTC3L.
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