Bibei.com launches stock trading, and subscription is open from now on

Recently, BitBays, a dual-currency Bitcoin exchange focusing on US dollars and RMB, launched a Bitcoin stock trading service. The first listed stock, OkDice, was open for subscription from September 15 to September 21.

Stock issuance and trading are not new to the Bitcoin world. From the initial 796 Exchange stock trading of FC, to the recent listing of Bitcoin Group in Australia, various attempts have emerged one after another. Although FC's stock, like A-shares, experienced a round of surges and then continued to fall after listing, the entire industry will not stop innovating, because Bitcoin represents the future and more pioneering attempts should be made.

Regarding the launch of stock trading, Elon, the founder of BiBay, said:

Although the Bitcoin community is a bit radical in exploring and trying new things, before launching Bitcoin stock trading, Bibei Technology went through six months of research and demonstration. The reasons why the previous stock listings in the Bitcoin community were unsuccessful were analyzed, including the lack of rigorous listing process itself, improper selection of listed companies and lack of supervision after listing. These aspects can be improved through management and technical means. Bibei's stock trading business focuses on meeting the actual needs of customers and solving the problems of difficulty in stock circulation and inconvenience in exit among shareholders of a large number of crowdfunding companies.

From a technical point of view,虚拟货币股票交易has obvious advantages that traditional stock exchanges do not have: First, using virtual currency as proof of holding shares greatly increases透明度of listed companies' equity, and the total amount of issued shares does not rely on the credibility of a certain institution but is guaranteed by open protocols and public peer-to-peer network data. Second, the characteristics of virtual currency can ensure that any other exchange that wants to provide trading of the same stock only needs to support trading of that currency. In addition, customers can存储shares in their offline wallets just like storing any virtual currency, which is impossible for traditional exchanges.

In addition, BitBays tends to adopt a more unique standard for the selection of listed companies, namely: listed companies must be盈利公司, and listed companies can meet the conditions of weekly or even daily disclosure of financial data. Because the most favorable support for a company's stock price comes from the company's continuous profits and stable dividends. If this is met, it can continue to bring benefits to shareholders. Disclosing financial data weekly can avoid insider information and speculation before the quarterly financial reports of traditional listed companies. Try to be fair and transparent.

OkDice is benchmarked against the中本聪骰子website, which is the largest application website in the Bitcoin world. Since the digital currency dice adopts an open and transparent random algorithm, the business is very attractive to players. The business has developed rapidly and quickly occupied more than half of the transactions on the blockchain. Later, the founder sold the website for 120,000 BTC. Digital currency entertainment has also become the most popular consumer application of Bitcoin in the market. In addition to absorbing the open and transparent characteristics of Satoshi Dice, OkDice also provides users with ways to play as a banker and ways to play dice with multiple currencies, enriching the content of the game. Since its launch in May 2015, OkDice has distributed dividends to customers in total of 268.68 bitcoins and 15,876 litecoins. Calculated at the price at that time, it is approximately RMB 710,000. The average dividend per share is approximately RMB 0.713. Calculated at the listing price of RMB 5.5, the cumulative dividends in 4 months are 12.9%, and the annualized return rate is 39%. (Other currency businesses are not included)

We chose OkDice because it meets these two conditions: OkDice每月进行分红and较为稳定. In addition, OkDice实时披露经营数据, so it is easy for customers to calculate the return on investment for the month.

Similar to the traditional listing process, the BitBays team conducted a strict due diligence on the listed company OkDice. The OkDice team has been engaged in the sales and mining of Bitcoin mining machines for a long time, and has been operating honestly in the industry and has a good reputation. Currently, OkDice's business is developing steadily. It is also negotiating equity investment matters with listed companies.

On the basis of fully ensuring the accuracy and timeliness of information disclosure, BitBays guarantees the interests of its trading customers through necessary business supervision of OkDice and grasp of its future development.

Bibei.com also admitted that it is currently evaluating whether to use BTS or other virtual currencies, but this does not prevent OkDice from going public. After launching OkDice stock trading, it will improve the technology and launch a series of equity trading of companies with good dividends and stable business development. Typical company targets currently targeted include chain inns and chain restaurants.