4, Th1 2022
Biking Not only enhance product competitiveness internally, but also market externally to help overcome obstacles in numerous Exchanges
Nowadays global blockchain-related products are flourishing, compared with the affected by the majority of the industry, which is still in a “dividend period”.
At the same time, there are thousands of trading platforms around the world to provide various types of digital asset trading services.Thus, how to stand out in the fierce competition among peers is a test for every exchange.
Biking Exchange as an excellent newbie quickly entered everyone’s vision recently, and obtain a large number of users quickly. Why Biking Exchange stand out so quick? It is mainly its realization of the product and the market core competitiveness. On the one hand,more stable technology, better experience, richer and more innovative product features enhance user satisfaction in an all-round way . On the other hand, the better partner welfare , merchants and customers benefit activities,are supported fully by users,capital and partners.
Biking Exchange (www.wang.com) is the world’s leading compliant professional blockchain derivatives trading platform, headquartered in Singapore, adhering to the trading philosophy of “safety, freedom, and user first”, serving Europe, America, and Southeast Asia , Hong Kong, Singapore and other 35 countries or regions in more than 120 countries to start trading services.
Biking is committed to providing users with safe and convenient transaction services with a team of blockchain technology experts from the world’s top 100 companies, integrating the world’s top security technology.
Innovative Product, Rich Gameplay, Safety and Reliability
Innovative products: six functions to enhance user experience
For an exchange, continuous product innovation is the original driving force supporting its development. Since its establishment, Biking has continuously developed special functions including bonus trading, cross and isolated mode, trailing stop order,partial liquidation, partial closing, inverse contracts, margin addition, etc.
1.Cross and Isolated Mode
Margin in cross margin mode is shared among the user’s Margin Account:
Assets in cross margin account are shared by all positions.Margin level is calculated according to total asset value and debt in the Cross Margin Account.Each user can only open one cross margin account, and all trading pairs are available in this account. The system will check the margin level of the Cross Margin Account and notify users about supplying additional margin or closing positions. Once liquidation happens, all positions will be liquidated.
In the isolated mode, each trading pair has an independent Isolated Margin Account. Margin level is calculated solely in each Isolated Margin Account based on the asset and debt in the isolated. After the margin loss of a order reaches the Max SL, it will be forced liquidation,as same as in the Max TP.
Note: Cross and Isolated Mode can’t be opened at the same time.
2.Trailing Stop Order
After trailing stop order is activated, all opening and closing position actions of the trader will be executed simultaneously, and synchronization cannot be completed only when the account balance is insufficient or exceeds the upper limit of the position. If there is no manual cancellation of the trailing stop order, the order will continue to be enabled.
When holding a certain number of long or short positions, the closing amount can be chosen freely according to market changes and PNL. At the same time, the PNL amount of the position will also be based on the ratio of the closing amount to the total margin, etc. Proportional settlement, the floating profit remains unchanged after the position is closed.
The system will automatically close the currently selected holding position at the best market price, and open the same number of positions in the opposite direction at the best market price to avoid missing the reversal market or too late to open the positions.
When holding a certain number of long or short positions, the margin can be added based on the various parameters of the current position, and the position coefficient after the increase will be calculated according to the weighting formula of the respective position parameters when the position is opened and the margin is added.
How to play?
In terms of gameplay, the Biking Exchange has innovatively developed two major functions: fast contracts and bonus transactions.
Fast contract: 0 slippage, easy to use, and smoother experience.
Biking Fast Contract (CFD) is developed by Biking for the new market of expanded contracts. It has the advantages of 100% transaction, smooth order placement, rapid response, and0 slippage.
The first is a convenient experience. Contract trading is more complex than spot and other trading methods, and a friendly user experience is particularly important under such conditions. CFD has one-click opening and closing, partial closing, one-click reverse opening, quick closing and other functions, which are very convenient to use.
Then there is a high-quality trading experience with 0 slippage and one-click transactions. One of the core advantages of CFD is the real realization of zero slippage one-click trading.
Then there is friendliness for newbie. The functions of the CFD are concise and clear, without many requirements of the cumbersome traditional contract products, which are more friendly to newbie.
Finally, it is user-friendly for large users. There is no fee for opening a position in the currency CFD, and a 0.075% transaction fee is charged for closing a position, and the fee is relatively low. At the same time, when the user’s position risk rate reaches 10%, the liquidation will be triggered, allowing users with large funds to freely choose a higher leverage ratio makes trading more flexible.
Bonus Trading: the innovative experience bonus mode is widely welcomed by users
Bonus trading is a new gameplay of special contracts launched by the Biking team for the entire network contract users. The operating process of bonus trading is the same as the real contract. The profit obtained from opening a position can be transferred to the contract account for continued opening. Deposits or withdrawals can be obtained through airdrops and task.
User Traffic, Global Compliance, All-round Customer and Business Benefits
1.User traffic: millions of users spread across 35 countries around the world , recognized by well-known capital
Biking has a digital currency trading platform compliance operating license and a financial derivatives compliance operating license. Since its operation, it has been favored by 1.2 million users worldwide, covering 35 countries including Singapore, Europe, South Korea, Hong Kong of China, and Southeast Asia.
At the same time, Biking’s comprehensive product services and strong user base have attracted the favor of world-renowned capital.
Currently, Biking Exchange has received a strategic investment of $20 million (equivalent to RMB 130m) from Singapore Capital Intabing. Intabing Investment will provide Biking Exchange with global market resource support, and will rapidly expand the global influence ofnBiking Exchange in a short period of time.
2.Global Compliance: Dual-country MSB license promotes global compliance to a new level
At present, Biking has won the MSB compliance operating license issued by Finance in the United States and Canada, which marks the phased progress of Biking’s global compliance.
The US MSB license is a type of financial license supervised and issued by the US Department of the Treasury. The main subject of supervision is money service-related businesses and companies, including digital currency, virtual currency transactions, and international payments. Companies engaged in the above-mentioned related businesses in the United States must apply for an MSB license in order to operate legally. At present, the industry’s well-known exchanges Coinbase, Huobi, Binance, etc. all hold the license.
The Canadian MSB license is issued by FINTRAC. FINTRAC is Canada’s financial supervision unit. It was established in 2000. It is mainly responsible for collecting, analyzing, evaluating and disclosing relevant information about the Canadian financial industry in order to protect Canada’s financial stability and security. The business scope of its fund supervision service is: foreign exchange transactions; transfer and remittance business; cashing or selling money orders; traveler’s checks; virtual currency transactions, etc.
The acquisition of the dual license signifies that the Biking Exchange’s global compliance process has entered a new stage, which will help it play its own advantages, better integrate high-quality resources, and further promote platform construction and technology development. Global blockchain financial derivatives provide better services.
3.Partners: Super high Commission Return + Rich Rewards
Biking currently has launched a limited time partner recruitment. Become a Biking partner within a limited time, which can be rich in rewards.
In the long-term agency rights of Biking, you can get up to 92% of the commission fee return of the first level + 10% of the second level of the commission fee return, and the agent upgrade can also get a maximum of $1 million experience bonus reward. During the event, all levels of agents can get a 1.2 times bonus boost, and get up to 120% commission back.
At the same time, the Biking agent benefits are also very friendly to newbie and other VIP exchange users. Biking implements the agency upgrade model of “Other is mine”, and for newbies, Biking has innovatively launched an agency limited-time experience card service, so that more users who have not reached the agency standard can enjoy agency benefits in advance.
4.User benefits: Rich Growth Tasks and User Incentive Activities
The Contract Task Center of the Biking Exchange splits the various execution steps involved in contract transactions into an interesting and diverse task system. Users can get USDT bonus rewards by completing the corresponding requirements of each task. The more tasks you complete, the greater the reward. The tasks are mainly divided into three categories, namely newbies task, growth tasks and activity tasks.
The specific tasks are as follows:
Successful user registration can unlock the newcomer contract task
Time: 1 month (for new users, the registration date as the calculation time)
Task category: deposit/transaction/first position opening/first profit/loss subsidy/invitation bonus
Note:The opening time of registered users is calculated from the day when the task center goes live)
After the newcomer’s task is over, it will enter the growth task stage, and each stage will correspond to a different task
Task rules: Every time a growth task completion can unlock the next stage of growth task and receive the reward.
The Biking Exchange contract will conduct various activities from time to time. Each activity also corresponds to a different task. Once a task completion can get corresponding rewards .
Time: the start and end are consistent with the corresponding activity
Task rules: According to the requirements of special activities
Official Website : wang.live
- By Sean