BKK stands for BKEX Token, the entitlement token of the BKEX platform and an integral part of the entire BKEX ecosystem. Holding BKK allows for community voting decisions, increases digital asset wealth management interest rates, and enables swaps for new projects. Initially issued based on Ethereums ERC-20 protocol, BKK will eventually transition to its own public blockchain. Relying on the BKK public chain, functions such as secure storage of digital assets, project crowdfunding, and asset issuance can be realized. Starting from July 2019, the platform has committed to repurchasing and burning 70% of trading fees every month until the remaining total is 80 million.
About BKEX
BKEX is a digital asset trading platform based on community consensus, combining the high performance of centralized exchanges with the high reliability of decentralized public chains. Through the BKEX public chain, it enables secure storage of digital assets, project crowdfunding, asset issuance, and a super node decision-making system based on DPOS, serving our trading platform comprehensively. BKEX introduced "trading mining," allowing all users holding BKK on BKEX to enjoy a 100% share of the platforms trading fee income daily. BKK is generated through "trading mining," where users who trade are considered "miners" and thus entitled to dividends. BKEX also proposed "exchange as wallet," launching eight major features in the wallet section, including digital wealth management, lending, hash power trading, super nodes, one-click trading, and one-click clearing, providing users with an exceptional experience.
Five Key Advantages of BKEX
1. Trading Mining and BKK Dividends
A. Trading is mining, with transaction fees serving as proof of mining.
B. The platform releases a certain number of BKK tokens daily, with users dividing them according to their transaction fee ratio.
C. BKK acts as virtual shareholding evidence for the platform, allowing holders to share in the platforms trading fee revenue.
2. Digital Wealth Management
The system provides users with wealth management functions for their assets, such as POS nodes, arbitrage, mining machines, and P2P lending, allowing users to choose based on their risk preferences.
3. High-Performance In-Memory Matching Engine (as shown)
A. High-frequency operations for orders and balance data are all performed in memory.
B. The matching engine uses clustering, with one matching engine per trading pair, which can back each other up.
C. All trading order operations are recorded in logs that include undo and redo modules, with redo responsible for re-writing transactions and undo for rolling them back.
D. Every period, orders and balances in memory are written back to the database, along with log checkpoints.
E. If the matching engine encounters issues, it can be restarted, and the logs for the current period can be written back to the matching engine for re-writing operations.
4. Strong Community Support
The founding team consists of blockchain industry professionals supported by over ten top domestic communities. They use a community partnership system to collaborate with more communities, creating an unprecedented community alliance.
5. Digital Asset Trading Platform Based on Delegated Proof of Stake (DPOS) Consensus Mechanism
A. Based on the delegated proof-of-stake (DPOS) consensus mechanism.
B. Virtual currency asset issuance on the BKEX mainchain.
C. Anyone can create a basic node, with basic nodes voting to elect super nodes that decide on mainchain upgrades.
D. Any project can initiate a crowdfunding campaign on the BKK mainchain via smart contracts, specifying the crowdfunding amount, token issuance scale, and user redemption plan. Smart contracts can also stipulate the use of crowdfunding funds, with each release requiring a vote and approval from backup nodes before transferring to the project party.
E. Users can redeem crowdfunding funds at any time through smart contracts.
F. Other coin listing applications can be initiated through smart contracts on BKK, with super nodes deciding whether to list them through votes.
BKK Token Functions
A. Fee dividends
B. Community rewards
C. Circulation within the BKEX ecosystem mainchain
D. BKK wealth management products
E. BKK trading pairs