Bitmax.io — A New Kind Of Cryptocurrency Trading Platform

in #bitmax6 years ago

There  are over 1600 cryptocurrencies in circulation today with a combined  market cap of over $200 billion, according to coinmarketcap, this  clearly indicate that the number of cryptocurrency exchange platform is  on the rise, the importance of these platforms cannot be overlooked even  when few of them are victim of hack , as a crypto enthusiast I believe  the full potential of cryptocurrency has not been fully harnessed this  means more and more cryptos would be created which implies more exchange  platform. Time will tell.

For  an exchange platform to be categorised as a standard platform it has to  make sure it satisfy certain criteria such as security, speed, user  interface, user experience and more. The platform of the future will do  more than serve as an exchange platform it will also interconnect  various expect of it user’s digital and financial life in one simple yet  rich environment. Bitmax is an exchange platform that I feel will make  cryptocurrency trading simple and powerful.

BitMax  is an innovative cryptocurrency exchange that want to create a new type  cryptocurrency exchange platform. The team hopes that through building  upon a series of open and fair market rules, they would be able to boost  the liquidity of overall market, support the blockchain structural  optimization and promote equitable resource allocation Leveraging on  blockchain technology, they aim to establish an autonomous platform.

As  the world’s first true 3rd-generation cryptocurrency exchange platform,  BitMax.io officially launched reverse mining with trans-fee mining for  the public on Nov 18, 2018, at 8:09 PM. These services have gone live  along with new, industry lowest commission rates that have been set to  encourage more trading activities on the platform, as well as very tight  market spread rates as compared to the wider crypto exchange market.

BitMax  ensures traders save more through the following method: By providing  the lowest trading commission in the market (0.04%), and by offering  users’ access to highly liquid trade markets that lead to very tight  market spreads. BTMX token economics has built-in incentive mechanisms,  including reverse-mining and token consumption that manage the number of  tokens in circulation. The BitMax.io platform keeps the information  up-to-date on the front page, which again is an evidence to their  commitment to being transparent and client-centric.

Bitmax  are employing trans-fee mining and reverse mining to enhance the  trading efficiency which will be beneficial to the traders.The  benefit of Bitmax’s trans-fee mining model is that it incentivizes  trading on the platform by allowing traders to earn a new, valuable  token, the BTMX platform utility token, whenever they conduct a trade.  While for reverse mining, it incentivizes the users who places maker  trades by giving them a rebate of transactions fee in exchange for an  equivalent market value of the platform’s native BTMX token that the  user holds in their account. Reverse mining and trans-fee mining not  only enhance the trading efficiency for traders and investors, but also  help support the pricing levels for BTMX tokens on the secondary market  while putting in place an important check-and-balance mechanism for  stability and liquidity in times of volatility.

BitMax Official Website: https://bitmax.io

Twitter: https://twitter.com/BitMax_Official

Reddit: https://www.reddit.com/r/BitMax

Telegram English Official: https://t.me/BitMaxioEnglishOfficial

Telegram Official Announcement Channel: https://t.me/BitMaxOfficialAnnouncement