❓FAQ
General Questions
What chain is BBOX building on?
BBOX is going to be deployed on Linea, a zkEVM Ethereum L2 bootstrapped by Consensys
Where can I reach out to the team for partnership?
You may submit a collaboration ticket on BBOX Discord.
Testnet Questions
What is the schedule for the private testnet?
BBOX Private Test is divided into 2 phases:
Phase 1: The first 1k sign-up gets early access to the beta test, which starts on March 8 and runs through March 22.
Phase 2: Testnet is open to all registered users from March 25 to April 5.
Can I join the private testnet if I didn't sign up for it?
You can not join either phase of the private test if you didn't sign up for it. However, you may join the public test starting in late April.
Am I selected for phase 1?
If you are selected for phase 1, you will receive a confirmation email from bbox@mail.beehiiv.com. Don't worry if you are not selected; phase 2 is for all registered addresses!
What can I do during the testnet?
During Phase 1, you can claim up to 1000 USDC daily from the faucet to trade the Ethereum perps or become an LP for the ETH- USDC pool.
Phase 2 is open to all registered addresses, and we will offer signal-driven LP as an addition to ETH perps and traditional LP.
Can I join the private testnet if I didn't sign up for it?
You can not join either phase of the private test if you didn't sign up for it. However, you may join the public test starting in late April.
Is there a difference between phase 1 and 2?
There is no difference for phases 1 and 2. We did so only because we wanna make sure everyone gets the best experience.
Trading Questions
What is perpetual?
Perpetual futures in crypto are derivative contracts without expiration dates, allowing traders to speculate on crypto prices with leverage. Perps closely track spot market prices and use a funding mechanism to maintain alignment. They offer liquidity and are used for speculation and hedging, but involve high risk due to leverage.
Why do I see a Pnl immediately after opening position?
Unrealized Pnl accounts for trading fees so that could be why there is a negative pnl right after open. Besides, slippage also affects position pnl.
Does BBOX support leverage?
Yes. BBOX utilizes a cross-margin model where the concept of leverage is on the account level. Thus when you open a position, the max buying power translates to how much leverage you can have. We intentionally avoided a leverage slider to not cause confusion around the distinction between our cross-margin model and the isolated margin model commonly seen in centralized exchanges. Moving the slider to use up on buying power essentially means opening a position with max leverage against all your existing collateral.
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