Bibox DeFi to List Safemoon Cash on June 5

Bibox Exchange (Bibox), the first A.I.-enhanced encrypted digital asset exchange, announced that it would list the Defi token Safemoon Cash (SAFEMOONCASH) on its DeFi Innovation Board on June 5.

The platform reminded that in order to facilitate user transactions, the token deposited to Bibox will be automatically converted into mSAFEMOONCASH (1mSAFEMOONCASH = 1,000,000SAFEMOONCASH), and will be converted into actual quantity according to this algorithm when withdrawing.

Deposit and withdrawal functions will be enabled at 14:00 (UTC+8) on June 4, and mSAFEMOONCASH/USDT trading pair and Grid Trading will be enabled at 14:00 (UTC+8) on June 5, according to the exchange’s press release.

Bibox deposit requires payment of 4% of the token contract fee. Additionally, according to Safemoon Cash’s contract mechanism, the platform charges a 4% collection fee for each withdrawal.

The SafeMoon Cash is a 100% community driven, fair launched Defi token, created in March 2021 on the Binance Smart Chain.

Founded in 2017, Bibox is an online crypto exchange where users can trade a wide range of digital currencies against BTC, ETH, USDT, DAI and BIX. BIX is Bibox’s native token, which allows holders to access discounted trading fees.

Last June, the platform decided to launch the Defi innovation trading board and add MKR/USDT, LEND/USDT trading pairs, so as to build an open trading environment catering to different user needs. It enjoys the same fee rate as Innovation Board and Main Board. Users can pay with BIX to enjoy trading fee discounts.