The Blog

BitBoost Token on Cryptopia


We’re pleased to announce that the BitBoost Token will be available on Cryptopia, with BTC, LTC, and DOGE pairs.

 

As of 03:00 (UTC) on Tuesday, 21 August 2018 the BitBoost Token (BBT) will be available for trading on Cryptopia, a popular and well-established crypto exchange based in New Zealand.

Cryptopia has daily volumes of around $5 million, with the most popular of its 400+ coins and tokens typically seeing up to $500,000 of activity. This is a great step forward for BBT, making it more widely available for buyers and offering two improvements to existing holders: deeper orderbooks and a larger trading community.

BBT pairs

Cryptopia lists coins and tokens against five different base pairs: Bitcoin, Litecoin, Dogecoin, USDT and NZDT (New Zealand dollar Tethers).

To begin with, BBT will be listed against BTC, LTC and DOGE, like most other tokens. In due course there may be scope for a USDT pair, depending on demand, but this will be at Cryptopia’s discretion.

About BBT

The BitBoost Token is a utility token used to purchase listings on BitBoost’s decentralised marketplace. While ETH is the currency used by buyers to pay for desired items, sellers will need BBT to pay for successful listings on the platform. Listing fees are only paid once an item is sold – if no items are sold, there is no charge!

BBT comply with the ERC20 standard and are freely tradable on the Ethereum platform. There are 50M BBT in existence and no more will ever be created. Since BBT are classed as a utility token, they do not indicate ownership of the company, do not pay dividends, and BBT holders will not earn any interest. BitBoost does not recommend investing in these tokens as assets.

An important step for BBT

A diverse trading ecosystem is vital to give a token the liquidity it needs to fulfill both its primary purpose and secondary functions. Sellers need a way to purchase BBT. They would prefer not to pay appreciably more than the small USD-equivalent price required for listings on the platform. Since BBT purchases are part of a wider economy, the market also needs the liquidity and depth to be able to absorb tokens as they are sold back to new store owners, either in market or limit orders on exchanges.

Traders are an important part of this process, helping to provide the necessary liquidity and thereby facilitating efficient listings. Trustworthy exchanges with healthy volumes and low spreads (the difference between buy and sell orders) are therefore indispensable to any crypto economy. A vibrant exchange infrastructure also enables existing holders to liquidate their tokens and trade them for other currencies.

The BitBoost Token was already listed on a number of smaller centralised and decentralised exchanges. While these have offered initial venues for traders, they do not have the combination of liquidity, usability, and security to support the kind of volumes we need to ensure that sellers can always acquire tokens quickly and with confidence. Cryptopia changes that picture at a stroke, providing a much-needed service ahead of the general launch of our decentralised e-commerce marketplace.

You can find out more about Cryptopia at https://www.cryptocompare.com/exchanges/cryptopia/overview.

Technical Updates for our blockchain-based marketplace beta 0.3

At BitBoost we’re always working hard to design a product that our users will enjoy. Our talented development team has made many improvements this summer and we will continue to innovate until we’re ready to bring our blockchain-based marketplace to the Etherium live blockchain in 2018. As our beta testing period is approaching fast, we’ve doubled our efforts to offer our users a positive first experience. Here are many of the technical updates we’ve implemented in recent weeks.

Our blockchain-based marketplace Beta 0.3 Technical Updates

  1.  The Dashboard is now the default view.
  2.  Categories changes: in lists views, empty categories are hidden, active categories show number of items in each category, categories are sorted by popularity. Items with unrecognised categories are now marked as “Uncategorised.”
  3.  Fixed bug with endless preloader unless app was clicked on login.
  4.  Saved addresses functionality added. Now in Preferences you can add some addresses you frequently use for delivery, which will appear in autocomplete in item view when ordering an item.
  5.  On Dashboard page added 2 new UI elements: Announcement and News. Announcement is current information about our blockchain-based marketplace project with a title, a description and a link to inner application page.
  6.  Added new page for detailed information for News.
  7.  Pre-listing legal information + checkbox added both on “List New Item” and “New Item Listing Wizard” pages.
  8.  Feedback link now leads to BETA info page.
  9.  Application structure slightly changed, Nav Menu rearranged.
  10.  2 Factor Authentication functionality has been removed.
  11.  Breadcrumbs text changed on multiple pages.
  12.  Alias page improved, now user can change, remove, and search through aliases listed.
  13.  Fixed bug where expired items were showed on View All and Category view.
  14.  Change alias icon removed from “Chat with” block.
  15.  Previously unviewed updates on purchases and orders are now light up first time user sees them.
  16.  Advanced mode button on listing item wizard is now a link.
  17.  Changed texts, added currency on listing item wizard.
  18.  Added back the ability to buy multiple number of items.
  19.  Advanced mode of listing item now has a link to the Item Listing Wizard.
  20.  Fixed error on multiple clicks on “Shipping required” on advanced mode.
  21.  Fixed error where arrow was pointed in wrong direction.
  22.  Dashboard refactor in progress.
  23.  Icons for multiple pages updated to appropriate ones.
  24.  Fixed bug where clicking on category on detail item led to white screen.
  25.  Fixed markup glitches on different languages.
  26.  Suggestion component refactored. Added category and price, added new logic for sorting.
  27.  Multiple translations changed to fit different types of languages and use of variables.
  28.  Item lists have been moved into another unified component, a little restyled, bugs fixed with icon overflowing text and other CSS glitches.
  29.  Fixed error when category was appearing wrong on detailed item page
  30.  Added margin between letter to seller and suggested component.
  31.  Added placeholder on empty tables of active items, sold items, and my purchases.
  32.  Expired and active items functionality fixed.
  33.  Active items list now shows items’ expiration dates.
  34.  Active item relisting page reworked.
  35.  Breadcrumbs are cut out from the whole app.
  36.  Not working/not tested functionality cut out of preferences page.
  37.  Added connection error handler, now does not allow use of application when disconnected from internet.
  38.  Style fixes on Wallet, added preloader.
  39.  Small bug fixes, style fixes, refactored code. and performance updates.

 

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