BitMax IO is cryptocurrency trading platform but it's not limited to just providing a crypto trading platform. They are coming with new exciting products. Recently they announced that they will be launching its first volatility product, called Turtle Card and bunny card. These cards represent a prediction of 24-hour price change, users make a prediction on the 24hr (UTC 00:00 – 24:00) price movement in either direction for the underlying trading pair. Users who correctly predict the range of price movement will receive the reward. The value of the rewards equivalent to the notional value of the card.
Want to know how these cards will wok? And how much rewards you can earn, all these details with the example are available at below article-
I was amazed to know that BitMax.io do not provide services to users in many countries or regions such as USA, The Balkans, Belarus, Burma, Cote D'lvoitre (Ivory Coast), Cuba, Democratic Republic of the Congo, Iran, Iraq, Liberia, North Korea, Sudan, Syria, Zimbabwe, Algeria, Bangladesh, Bolivia, Cambodia, Ecuador, Nepal.
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This would be fun to use and it would protect newbies from making huge loses. I see a lot more utility for BitMax new trading product.
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Turtle card will be useful when market is not showing wild move, and Bunny card will be useful when we expect wild move.
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How this can you explain more?
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okay, it makes more sense to me right now
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This is great, bitmax is obviously more than an exchange platform
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they understand the importance of customer relationship. kudos to them
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What will be the impact of volatility product on exchange volume, new customers, btmx price and I do care about this because it would make a difference
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The product is quite innovative, giving users the opportunity to predict the trend of digital assets, I love the fact that sales of cards end 1 hour prior to the beginning of 24-hour window. it gives every participant a fair playing ground.
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I personally wouldn't take part. And I think I'll pause on trade for now. Been quite a volatile period for me
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I have also had to take my leg of the pedal for some time now. Market has been run on a mind of its own lately
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Getting rewarded for predicting price movement of a coin/token? Bitmax does not cease to amaze me with their incredible ideas.
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How is this different from margin trading?
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I think with this you can predict the volatility of the market and you have to purchase one of the cards too. There are a lot of differences.
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That's mean margin trading and volatility trading product both are different things.
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I am highly anticipating this new plan. I would be careful though.
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yeah, very careful a lot is at stalk right now
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They keep coming out with creative processes that gives them an edge over others
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