Decentralized Club Ama with BIB Exchange.

14 min readSep 16, 2022

On the 14th of September, 2022 at 7:00 AM UTC, Decentralized Club had the honor of hosting Jearon from BIB Exchange for an Ask-Me-Anything session on their Telegram page with a community of over 60,000 people. It was hosted by Celeb

The session was divided into three segments. Introductions were made in Segment 1, questions from the Twitter community were answered in Segment 2, and live questions from the community members in attendance were answered in Segment 3.

If you missed this event and would like to know what BIB Exchange is all about, you can find a recap of the interview here. Information here should be researched and should not be taken as investment or financial advice. Also note that slight edits have been made for clarity, and links in this recap lead to images, documents, or other media.

Celeb

Hello @Aroe31

Hello @jearonwang

Jearon JW

Hi everyone😃

It’s an honor to be here today. How’s everyone?

Celeb

Happy to have you around today

Jearon JW

Jearon’s here from the @BIB_Global, I am the CEO of the BIB Exchange (bibvip.com) and $BIB Meta (the native web3 token of the Exchange)

Celeb

We all doing good expecting to know about Bib today

This great let’s proceed

We would having 3 segments
Introduction
Twitter and live segment respectively

Jearon JW

I am glad to be invited here today to share with the community today about the WEB3 concept of the BIB ecosystem with the $BIB token and the World Cup 2022 NFTs utilities. 😄

Celeb

Hope we get some tickets today for the 2022 World Cup here 😁🔥

Jearon JW

Alright, let’s get started!🔥

SEGMENT 1

Celeb

1/ Could you please introduce yourself to our community?

Jearon JW

Sure! About my background and the BIB: Once a Bitcoin early miner in 2013 I experienced in the exchange business from 2017.

Celeb

Wow

Jearon JW

Building a new exchange is for the expansion of the crypto industry which still has room for growth in the next 20 years and now I am working with the BIB group to provide user-friendly products and interfaces. Let’s take a look at the world class CEX we are building.

Nowadays, the technology behind cryptocurrency is changing daily, for current blockchain technology from Web 2.0 applications to Web 3.0 covered blockchain technology, Metadata, Defi, DAOs and GameFi. And yes, less projects defined what Web3 is and how the ecosystem works to bring the mass benefit for the whole ecosystem and importantly to the holders.

We have experienced team doing brainstorming and real approach towards the market, we realized:

Celeb

Sure we always having so many shit project pump and dumps

Jearon JW

1. Web3’s Lack of Traffic and Funding Portals
2. Security Issues
3. Privacy Issues
4. Ecological Construction Issues
5. Current Market Gap Between Web3 Projects and CEX

In order to solve the problems of Web3 in connection with capital and traffic, BIB Meta will be combined with BIB Exchange.

Also, you can check the picture about BIB Exchange x BIB Meta connection:

Celeb

Utilities that what makes a project last in the long run

DONE

Celeb

2/ Can you elaborate on various features on the exchange in general? What do you think are the strengths of the BIB products?

Jearon JW

BIB Exchange (bibvip.com) offers a wide range of trading products for users. BIB also ensures that traders enjoy these services while charging low fees. The list of trading services on the BIB exchange includes:

Spot trading: with an average daily trading volume of $80 million, supports over 50+ currencies, and a vast array of perpetual swaps to satisfy traders’ needs, thus increasing liquidity on the exchange.

Futures, Copy and Flash Trading: which has an estimated value of 9,000 active users daily and an average daily trading volume of $1 Billion.

Celeb

Wow

Could. You explain a little upon flash trading for the newbies here

Jearon JW

Yeah. BIB Exchange is a trustworthy centralized exchange with complete transparency. Security is ensured by the internal team. We will reach out to the big Audit partners to publish the Audit report soon besides the Audit Report for $BIB smart contract and NFT code.

Celeb

We are in connections with big auditing companies here at Decentralized Club
We could link you up after ama😊

Jearon JW

The BIB Exchange App can be download here, get ready your account to join us the IEO and airdrop of $BIB token: https://www.bibvip.com/en_US/appDownload

DONE

Celeb

Sure

Jearon JW

Many thanks to Đecentralized Člub.☺️

Celeb

We would do that later on

Let’s move on to the next question.

3/ What is the utility of the native token $BIB and how to acquire it?

Jearon JW

The $BIB token is a platform token, seeing from 2–3 yrs period, $BIB Holder earns the long-life benefit from the BIB ecology.

Celeb

What kind of benefits can you elaborate on this benefits

Are there plans to limit the amount of bib tokens
Whales hold

Not to flop prices at any given time

Jearon JA

Sure, I will explain the map in short for How you earn when HODL the $BIB.😉

✅ $BIB DIVIDEND
There are 03 ways to enjoy token dividends
📍Hold in CEX wallets (system counts via asset snapshot)
📍Hold in a DEX wallet (automatically executed via smart contracts)
📍delegate to the node

Celeb

Is there a minimum amount token to hold

Jearon JW

Prize pool source
📍Dex seller: 10% charges, 6% transferred to the BUSD pool, 3% to the liquidity pool, and the remaining 1% will be burned.
📍Transfer of BIB token: 10% charges, 6% transferred in the BUSD pool, 3% to the liquidity pool, and the remaining 1% will be burned.

✴️For the DEX holders, the profit sharing mechanism will be determined by the smart contract and CEX holders will be determined by the snapshot.

✅NFT (Try the Testnet to understand how the Web3 works)
📍Minting NFT Through Token Burning
📍Empowerment of Value and Liquidity in NFT
📍Delegation of BIB to Nodes for Staking
📍Match Prediction and other GameFi

Now, we invite all the BIB Exchange users and Web3 users experience the BIB Meta Testnet, can check here: https://beta.bibmeta.net/

Celeb

This mind blowing

Jearon JW

DONE

Celeb

4/ Does the BIB Exchange have the daily, monthly or campaign rewards running now? How do you plan to grow the active users for the BIB ecosystem?

Jearon JW

As I mentioned the BIB Meta Testnet above, it’s the currently biggest earning campaign to airdrop 100M $BIB to users.

Celeb

This quite massive

Jearon JW

Website BIB Meta Testnet, can check here: https://beta.bibmeta.net/
For the BIB Meta Testnet tutorial, you can read the Medium article: Click here (https://t.me/BIB_Global/51701)

With the rewards $BIB token, the Testnest program and Airdrop event to celebrate the IDO/IEO will bring you the biggest opportunity to own the $BIB at ZERO Cost.

Just join our BIB official channels to get the latest news (@BIB_Global). We also have upto 10 local communities, hope you will be a part of the BIBiers.

DONE

Celeb

Last question for this segment

5/ What is your revenue model for BIB Exchange? What are the next major priorities in Q4, 2022?

Jearon JW

BIB Exchange was officially founded in 2021, raised a US$ 20M first-round fund led by top blockchain investment firms in Singapore, with a view to developing the services in the cryptocurrency market.

BIB Meta has received strategic investments from top-tier information technology giants in Southeast Asia as a way to accelerate the expansion of the BIB Meta ecosystem. With this investment, BIB Meta will continue to grow its market share and reach out to partners around the world. 🚀Details will be official published on our website, social media channels and communities.

Celeb

Sure
Would share here

Jearon JW

Yeah. The upcoming event, IDO is coming up within this month Sep 2022 and IEO will follow up in Oct 2022

✅IDO will be held on some trusted launchpads as PinkSales at the initial price at 0.0002$
✅IEO will be on BIB Exchange (www.bibvip.com) with the better allocation of tokens and shares between BIB users. You can register a BIB account and get ready with the USDT deposit preparing for the $BIB IEO.

Celeb

This would be massive

Jearon JW

I also share the roadmap table here for you to nail with BIB long-term growth:

Done

Celeb

Let’s proceed to the twitter preselected questions

Jearon JW

No problem, let’s move on to the next part.😃

SEGMENT 2

Celeb

1/ The BIB Exchange x BIB Meta is the connection of the Web3 model, explain in simple terms the idea of your project?

Jearon JW

BIB Meta is developed as the world’s first Web3 ecological exchange (Web3 CEX), vision to be the largest exchange platform in Southeast Asia. And, $BIB is the first CEX platform token strong connection with #NFT and Community ecosystem that other exchanges never touched. We call it: First CEX with #web3 Ecosystem, we would build more services with the $BIB ecosystem.

Celeb

Great ecosystem

Jearon JW

BIB Token acts as the main pillar of BIB Meta’s ecosystem. With the total issuance of 100 billion $BIB, attainable benefits can be anticipated through staking, mining, spending, playing games, purchasing NFT, etc.

We have the Testnet here ready for all users to join and have the fresh view with the Web3 connection to use the $BIB token and play around with the World Cup Qatar NFT.

BIB Meta Testnet, can check here: https://beta.bibmeta.net/

DONE

Celeb

2/ As the $BIB token roadmap, we have the launch of $BIB Token Lending and other DeFi services. Can you share more details about this?

Jearon JW

Yes, DeFi is an important part and the $BIB token is aimed to bring the benefit from Staking, Community Node, mint NFT, Lending, Dividend, etc. We have an R & D team experienced in both traditional and crypto investing, the Financial Group Companies and the BIB Exchange that bring the mass used cases for the $BIB token.

To obtain $BIB tokens through staking NFTs that are categorized into different tiers, the higher the tier, the more the weight of a particular NFT. Staking profits of address A = (total weight of the NFTs with Address A / total weight of the NFTs staked in the contract) * staking bonus released.

To understand about the DeFi application of $BIB, I recommend you also read the FAQs: https://bibmeta.gitbook.io/faq.en

Celeb

Quite confusing to a newbie

Jearon

To prepare for the IEO of $BIB token, you can now have an account on the BIB Exchange and try the testnet of using the $BIB.

DONE

Celeb
Moving to the next question

3/ What’s the important roles of NFT in the BIB Meta ecosystem? How is the $BIB holder valued when holding the token without any BIB NFT?

Jearon JW

Core Advantages of NFT
In BIB Meta, $BIB token provides a higher level of liquidity to NFT on top of its value. In other words, staking NTF in BIB Meta for BIB token leads to the certitude that a BIB token is actually equivalent to a secondary token of NFT.

How do I get NFT?
a. Purchase NFT mystery box
b. Purchase NFT cards in secondary market
Fusion: Five of the same-star NFTs can be fused to upgrade into a NFT with higher star. For instance, five 1-star Messi NFTs can be fused to form a 2-star Messi NFT and so on. The core gameplay of NFT in BIB Meta lies upon the NFT trading cards with star ranking and tiers which these properties are highly correlated with users’ staking profits.

✅How the role of $BIB token (Try the Testnet to understand how the Web3 works)
📍Minting NFT Through Token Burning
📍Empowerment of Value and Liquidity in NFT
📍Delegation of BIB to Nodes for Staking
📍Match Prediction and other GameFi

Website BIB Meta Testnet, can check here: https://beta.bibmeta.net/

DONE

Celeb

4/ Can you show us the full journey of the BIB Meta Testnet? I want to have $BIB on the wallet before the IDO/IEO. When is the BIB Meta Mainnet?

Jearon JW

We would like to show all of you how the BIB Meta testnet looks like. We will have some tasks to give the users to try us on the web3 ecosystem.

Celeb

Are the tasks ready yet

Jearon JW

Sure, users can easily connect the Metamask wallet, choose the BSC mainnet.
Then, we will provide some tasks that are related to the main functions as:

- Go to Faucet to get the $BNB, $BIB and $BUSD
- Mint NFT mystery box
- Reveal the star cards
- Fuse the star cards to upper star levels
- Stake the NFT
- Trade the cards on BIB NFT Marketplace
- Join to earn Community Node

Website BIB Meta Testnet, can check here: https://beta.bibmeta.net/

For the BIB Meta Testnet tutorial, you can read the Medium article: Click here (https://t.me/BIB_Global/51701)

Celeb

Last question for this segment

5/ Web3, NFT, Lending, DAO, DeFi, GameFi,… are new definitions for the traditional investors who mainly trade on CEX. How can BIB convince the users to use both DEX and CEX to earn the max benefit with the $BIB?

Jearon JW

As the whole BIB Ecosystem and the Web3 building to earn with the $BIB token, you can relate to the question above.

At this starting point, $BIB will easily reach out to the mass users who are eager for the long-term project from the top-tier team and company.

Celeb

Great

Jearon JW

With those who are new with the Web3 and NFT mint, trade, fuse and join community nodes, we build up the Learning article, rich-media information, AMA and the Learn to Earn (maybe) to bring the $BIB Web3 ecosystem to real-life, real-users.

Access to almost BIB information here: https://linktr.ee/bib_exchange

Also, enjoy our simple teaser Video: https://youtu.be/GWNZlIIfHp4

DONE

Celeb

Wow we move to the live segment

Opening group for a minute for Decentralized army to. Post question s

@jearonwang are you ready

Jearon JW

YES, I AM READY NOW! EAGER TO LISTEN FOR YOU ALL

SEGMENT 3

Q.1 BIB Testnet Program, Win 100,000,000 BIB Token 200 Whitelist Spots and 1000 USDT Creator Awards. Is it possible for me to join? What are the missions through which we can get rewarded and how much can we get rewarded for each mission? What will be the time period for the testnet?

Jearon JW

Hi, the BIB Testnet is running with the pool of 10M $BIB and 200 WL spots to share. The other allocate for airdrop and sign-up activities, total pool can go up to 100M $BIB.

We are valued the active users all to join us at any events.

For the Testnet event, the mission and reward will be as the photo:

The details is updated by the team, can be find here: https://www.bibmeta.net/blog?p=announcement-on-bib-meta-open-beta-reward-program

Q.2 Tell us a little bit about security? Have you done an audit of the platform? Are the smart contracts error-free? What are the test results?

Jearon JW

The Audit is one of the most important part for any project, BIB platform is a combination of more products of the CEX, Web3 ecosystem, NFT platform and more. We prioritize the secured platform for crypto users as the cause of lots of hacks nowaday.

About the $BIB token audit and NFT audit, we had passed the Armors_Security. The link to the Audit file, you can check here: https://github.com/bibvip-github/bibcoin/blob/main/audit/BIBToken%20(BIB)%20Token_audit.pdf

Q.3 As BIB Exchange supporter, what can we do to help bring the masses to the project? As me personally, may I write an article about BIB Exchange on my Reddit, Medium, Steemit or my other social media? of course by requesting your permition first Sir Thanks

Jearon

Hi, We are all welcome the supporters, ambassadors, local leaders, KOLs, community leaders,… to join a part as an BIB army, I meant the BIB lovers so far.

We have almost public and social channels can be find here: https://linktr.ee/bib_exchange

The BIB news and articles not only published on BIB own channels also on the big media network as Coinspeaker, Coincodex, Uday, BTCNews, … so far can be Forbes, Cointelegraph, and some top-tier traditional media.

Hope you will join a part of BIB. Thanks.

Q.5 What are some of the major achievements that $BIB has achieved and what milestones are planned ahead in the next 6 months, 1 year and 5 years??

Jearon JW

This is the good question for us to look back and look forward to the bright future with the $BIB.

As we started launching as BIB Exchange (CEX) in May, 2022 we had achieved the first milestone of the big product to be run and get the impact from the real market investors.

For now, we have 9,000 active users daily using the BIB Exchange mobile app. The link to App Download link here: https://www.bibvip.com/en_US/appDownload

Then, with the concept of Web3 ecosytem of the $BIB Meta and World Cup NFT, BIB Exchange raised a US$ 20M first-round fund led by top blockchain investment firms in Singapore.

$BIB Meta has received strategic investments from top-tier information technology giants in Southeast Asia as a way to accelerate the expansion of the BIB Meta ecosystem. For $BIB and #NFT audit, finished Armors_Security.

For now, we can say that the TEAM is working day and night to bring the best product to millions of users. Stay tuned! IDO and IEO is coming near.

Now, try the BIB Meta testnet and get ready your BIB account to join lots of activities coming next.

Enjoy our simple BIB teaser Video: https://youtu.be/GWNZlIIfHp4

Celeb

Could you share your community links

And last word for this ama
So we call it

Jearon JW

🔹BIB Exchange x $BIB Meta🔹
First Crypto Exchange with Web3 Ecosystem

Website: bibvip.com | bibmeta.net
Telegram (EN): @BIB_Global
Announcement: @BIBAnnouncement
Testnet Whitepaper FAQs
Linktree

BIB was born in the bear market but it’s the motivation for us to BUIDL a new big thing.
THE NEXT BNB. Now you have a chance to make yourself part of the Moon gangs.
Learning about #BIBexchange, #hodl and get on board $BIB, when you look back from 2025, you will definitely thank me and BIB!

Celeb

To MARS🔥🔥🔥

Thank you for your time today

Jearon JW

Thanks for having me today together with the community. Very appriciated!

Celeb

It was a great time here

Have a nice day ahead

🅱IB TO THE MOON
LFG🔥🔥

App : https://www.bibvip.com/en_US/appDownload

https://linktr.ee/bib_exchange

Audit file : https://github.com/bibvip-github/bibcoin/blob/main/audit/BIBToken%20(BIB)%20Token_audit.pdf