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View ChartBitForex Token (BF) is the native utility token of the BitForex cryptocurrency exchange, designed to enhance user engagement and provide exclusive benefits within the platform's ecosystem. As an ERC-20 token built on the Ethereum blockchain, BF leverages the security and smart contract capabilities of the Ethereum network. BF is an ERC-20 token on Ethereum; it does not run its own consensus mechanism and inherits Ethereum's security and smart-contract capabilities.
BF has a fixed total supply of 10,000,000,000 (10 billion) tokens, released gradually through “transaction mining” and ecosystem building. The token's primary function is to provide holders with tangible benefits on the exchange, such as reduced trading fees, access to exclusive events, and voting rights on platform decisions. By integrating BF into its core operations, BitForex aims to foster a loyal user base and drive engagement across its trading services.
BF is the native token of the BitForex exchange, offering holders reduced trading fees and exclusive platform perks. It operates on the Ethereum blockchain as an ERC-20 token and does not run its own consensus mechanism. BF has a fixed total supply of 10 billion tokens, released gradually through transaction mining and ecosystem building. BF can be used for fee discounts, staking rewards, and participation in token sales on the BitForex platform. BF is an ERC-20 token that can be held in any Ethereum-compatible wallet such as MetaMask or MyEtherWallet and transferred like any other ERC-20 token; trading venues should be verified on the project's official channels.
| Item | Details |
|---|---|
| Name (Ticker) | BitForex Token (BF) |
| Alternative Names | BF Token |
| Consensus Mechanism | N/A (ERC-20 token on Ethereum) |
| Smart Contracts | Yes (ERC-20) |
| Category | Exchange Token |
| Contract Address | 0x5b71BEE9D961b1B848f8485EEC8d8787f80217F5 (verifiable on Etherscan) |
| Decimals | 18 |
| Total Supply | 10,000,000,000 BF |
| Circulating Supply | Approximately 4,289,073,705 BF (circulation rate about 42.89%) |
| Max Supply | ∞ (per CoinDesk) |
| Launch Date | 17 July 2018 |
| Hash Algorithm | Not applicable — BF is an ERC-20 token and does not run its own mining algorithm; it relies on Ethereum's consensus. |
| Block Reward | None at token level; issuance is released through transaction mining and ecosystem building. |
| TPS / Scaling | Determined by Ethereum, not by BF. |
| Blockchain | Ethereum |
BitForex Token was created by the BitForex exchange team, a centralised cryptocurrency trading platform headquartered in Singapore and registered in the Republic of Seychelles, with operating teams in several countries and users in more than 86 countries. BitForex was founded by Jason Luo, who serves as CEO; Garrett Jin has also been identified as a founder in later reporting. The BF token launched on 17 July 2018. Core team members come from firms such as Merrill Lynch, World Bank, McKinsey, Microsoft and Tencent, and BitForex received USD 20 million in investment at establishment.
They designed BF to serve as the backbone of the exchange's loyalty and reward system, encouraging users to hold and use the token for various platform activities. The development and ongoing management of BF are overseen by the BitForex core team, which continues to update the token's utility and integration with new features. The team's focus has been on expanding the exchange's global reach and enhancing the token's value proposition through partnerships and platform improvements. Official website: bitforex.com; whitepaper available via the project's published documentation.
BitForex Token operates as an ERC-20 token on the Ethereum blockchain, meaning it relies on Ethereum's network for transaction processing and security. Users can hold BF in any Ethereum-compatible wallet, such as MetaMask or MyEtherWallet, and transfer it between addresses like any other ERC-20 token.
On the BitForex exchange, BF is integrated into the platform's fee structure and reward system. Holders may qualify for reduced trading fees, with the discount depending on the amount of BF held. BitForex may offer staking opportunities for BF holders to earn rewards or interest; the exact reward source and rules have not been formally documented. The token's smart contract, deployed on Ethereum, handles all token transfers, staking logic, and reward distributions. Because BF is built on Ethereum, it benefits from the network's robust security and wide adoption, though users must pay Ethereum gas fees for any on-chain transactions. The whitepaper envisions community co-governance, and BF may be used in voting mechanisms on some platform decisions; the scope of on-chain governance has not been formally confirmed.
BitForex Token stands out due to its direct integration with the BitForex exchange, offering users a clear and tangible value proposition. Unlike many utility tokens that lack real-world use cases, BF provides immediate benefits such as discounted trading fees, which can significantly reduce costs for active traders. The token's staking mechanism also adds value by allowing holders to earn passive income, creating an incentive to hold BF long-term.
Another unique aspect is its release model, which distributes the fixed 10 billion supply gradually through transaction mining and ecosystem building. The token's governance features give holders a voice in platform decisions, fostering a sense of community ownership. Furthermore, BF's status as an ERC-20 token ensures high liquidity and compatibility with a wide range of wallets and decentralised applications (dApps). The value of BF is closely tied to the performance of the BitForex exchange. Reports have raised concerns about the platform's reliability, including unexpected shutdowns, and the token trades far below its 2021 all-time high. Crypto asset prices are highly volatile; this is not investment advice.
BitForex Token serves multiple purposes within the BitForex ecosystem, primarily focused on enhancing the user experience. The most common use case is for paying trading fees on the exchange, where holders may qualify for reduced trading fees, with the discount depending on the amount of BF held. Users can also stake BF to earn rewards, such as a portion of the exchange's daily trading fees or additional BF tokens, providing a passive income stream.
BF is used to participate in token sales and initial exchange offerings (IEOs) hosted on BitForex, giving holders priority access to new projects. Additionally, the token may be used for voting on platform governance matters, such as listing new cryptocurrencies or adjusting fee structures. Beyond the exchange, BF can be traded on other platforms or transferred between wallets, though its primary utility remains within the BitForex ecosystem. BF can be held in Ethereum-compatible wallets and transferred on-chain; check official channels for currently supported venues.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for BF are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of BitForex Token (BF) is A$0.000923. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated BF to USD rate at the top of BTCC’s price page. In terms of market scope, BitForex Token records a 24h trading volume of A$0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of A$3.959M. Its current circulating supply stands at 4.29B out of a maximum supply cap of ∞.
The price volatility of BitForex Token (BF) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Reserve Bank of Australia (RBA) or US Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (4.29B) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, BitForex Token (BF) hit an all-time high (ATH) of A$0.051364 on 2021-03-23 20:20, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at -- on 2020-10-30 05:05. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading BF futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (A$0), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s BFUSDT perpetual contracts support two-way trading. If you anticipate a price decline for BitForex Token, simply log into your BTCC account with USDT margin available, navigate to the BFUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for BFUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: A$0.000923), you can practise opening/closing positions, adjusting leverage, and setting TP/SL for BFUSDT with zero financial risk.
Trading BitForex Token (BF) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for BFUSDT, and review its live price (A$0.000923) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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