BigONE is a Singapore-registered company operating from China. This is a global project launched in June 2017 that provides its users with digital assets trading services. It has its offices in China, Singapore, and Korea and its website is available in 12 languages including most popular European options. The users of the exchange are mainly from China and Singapore but it is also popular enough in the UK, Korea, Japan, Turkey, Russia, the US, and India.
The project team members prefer to keep their identity unknown. Only two team members have ever been revealed in the media. They are Kevin Cheng who is the COO at BigONE Exchange, and Ian Tian who is the project’s CEO. Other team members are mentioned as experts in digital assets with 5-year experience in Yunbi.com. Some company’s employees also work in Japan, Russia, and the US to recruit local users, conduct international listing, provide customer service, and other operational functions.
The FAQ is available on the Support page. It is not convenient and not all the users will manage to find it but it is comprehensively compiled covering all the typical users’ mistakes and difficulties. BigONE App can be downloaded both for iOS and Android.
BigONE is a centralized exchange that supports around 200 trading pairs. The exchange offers various types of trading options to its users: Demo trading, instant Spot Trade, Margin trading, and ETF trading.
The platform also possesses an OTC desk (One-Click Trade) where users can buy crypto for fiat money. Here you can respond to the advertisements to sell or buy coins or submit your own application if you failed to find a coin you need in the list. You can pay via Alipay, WeChat Pay, or with a credit card.
The users of the platform can easily receive a loan if they need money in a certain token and don’t want to sell other currencies to obtain the desired coins. A user needs to provide pledged assets in BTC, ETH, EOS, ONE, or DOT. At the time of writing, the loans can be taken in BTC, USDT, and ETH for 1, 2, 3, or 6 months. The total interest will be calculated in the application form.
When a user places an order, a trading fee is required. Both takers and makers have to pay the same flat fee that amounts to 0.2%. When it comes to contract trading, takers’ commission is higher as they have to pay 0.06% while makers pay 0.02%. BigONE provides trading fee discounts to some users according to their membership level. The withdrawal fees are fixed and depend on the token type.
BigONE referral system
A referral system offered by BigONE is called the Star Program. To become a Star User, you have to invite your friends. In this case, you’ll receive referral commissions from your friends' trading fees which range from 20% to 40% and a 10% trading fee rebate. A Star User can benefit from the “Star Management System" which gives you an opportunity to track all the commission details. Each registered user can apply to become a Star User without any restrictions.
BigONE VIP System
The project always tries to stimulate users’ activities by introducing various additional discounts on their operations. VIP System offers a special user rating and divides them into 5 levels in accordance with the scores gained. These are Bronze (0-450 scores), Silver (450-550 scores), Platinum (550-650 scores), Diamond (650-750 scores), and Challenger (over 750 scores). These scores (points) are calculated on the user's behavior in 5 spheres: Total Trading Volume, Average Daily Asset, Referrals, User Behavior, and Identification Verification. The membership level is changed in response to the user’s performance and activities on the exchange.
Higher grades give its owners access to more benefits such as lower rates on Margin Trading daily interest rates and Spot Trading fees, higher invitation rebate ratios and withdrawal amounts, and other advantages.
AngelONE is the BigONE’s digital asset crowdfunding platform (IEO) officially launched in March 2020. It is designed to facilitate the introduction of the blockchain projects, putting them to a new higher stage of development. CryptoGalaxy became its first project. If you want to submit a project, you need to fill a Project Request Form. This form is offered in Chinese and English.
The platform’s native token ONE is based on the ERC20 standard. It gives some advantages to its users such as discounts on fees and contribution points to improve the membership level. At the time of writing, there are two ways to get it: to participate in BigONE events or to become a market maker.
ONE fuels the entire ONE ecosystem that provides users with various services. BigDEX is a part of this ecosystem. This is a decentralized exchange that provides the platform users with a set of decentralized financial services: various smart pools, Plasm mining pool, WorkLock pool.
BigONE and EOS ecosystem
BigOne’s platform is the main advocate for the EOS ecosystem. EOS IEO was launched on Yunbi, BigOne’s predecessor, and BigOne continues to support this project. BigOne stimulates EOS investors, and ONE token holders receive dividends from the EOS ecosystem.
BigONE’s users can benefit from the EOS DAppStore, where the best EOS DApps can be found. BigONE supports EOS Candy Airdrop and ONE holders can get extra Candy.
The project team claims that this is the safest cryptocurrency exchange around. There is no information on hacking attacks or frauds on the BigONE. The platform implements a 100% reserve fund and has the highest security audit verification from SlowMist, a top international blockchain security company. According to SlowMist’s security evaluation report, the exchange possesses an A rating on 29 security measures.
The team doesn’t rely only on automated checkout, they also provide security manual checkups in case something unusual or suspicious happens. As Ian Tian, the project’s CEO, states, BigONE has created the record of not losing even a single token since its launch.