BitMax’s spearheading platform just soared past 20,000 users globally and expanded its trading pairs to include LTC/USDT, ETC/USDT, BCH/USDT, ELF/ETH, ELF/BTC, ETC/BTC, ETC/ETH, XRP/BTC, XRP/ETH and XRP/USDT to allow both professional traders and beginners to invest and trade in cryptocurrency at a faster pace, conveniently and more securely. Which is awesome for you and me.
When you think about trading exchanges, you might assume centralized exchanges are obviously superior to decentralized exchanges because they allow users to exchange fiat for crypto and the other way round and because they accept bank wire transfers, credit and debit payments etc. But this so called 'benefits' are sort of where it ends for CCEs. CCEs go against everything the decentralized economy was built for.
And they’re facing stiff competition. See, different decentralized exchanges are popping up, each with different ways of 'killing the bird' (Animal lovers forgive me) but the one that stands out most to me is BitMax.
But not just because it has a sweet name, but also because it’s full-featured enough to give its users all the features they need and deserve.
Let's dive in, shall we?
First, thanks to BitMax's transaction fee mining model users will not only earn incentives from all their trading and mining activities but also benefit from lower transaction fees. In fact, according to a recent update from the company, up to 35 trading pairs involving all the major cryptocurrencies will see a reduction in their amounts of trading fees down to 0.04% from 0.1% which is a huge benefit.
And this is not one of those situations where a poor product is awesomely advertised. BitMax is offering an amazing product too, a product that uses artificial intelligence and complex algorithms to maintain a transparent and equal community-based platform.
Speaking of technologies, BitMax has a few more up its sleeve. For example, it's simple and user-friendly trading environment supports up to 200,000 transactions per second, even supporting the Financial Information eXchange (FIX®) Protocol which allows for real tine exchange of the crypto-market information. All this on a fail-proof institutional-quality trading architecture and you have a platform that's not only scalable and capable of high-performance feats, but one that's more secure and faster than ever.
BitMax is really all about the customers.
Not only will its platform support full day trading operations whose records are completely transparent and real time settlement, BitMax won't make users pay insane fees that are deducted every time you buy or sell crypto and that always tend to go higher as you trade.
Thanks to the company's BTMX tokens which serve as substitutes for the actual transaction fee, whatever amount you pay as trading fees, BitMax will deposit an equal amount of BTMX into your account.
Another function of BTMX is that they are also used as economic incentives to users that participate or add value to the BitMax ecosystem. And participation really can come in many forms, for example: mining on the platform, actual transactions and submitting important information, this is especially data regarding the cryptocurrency market for example news or other stories.
You can also earn some BTMX from the company's currently ongoing referral program, which allows users to earn 20% of all the commission fees received from transactions carried out by the friends they referred. This one is straightforward. You can sign up to participate on that here
Master of Liquidity.
Another way BitMax is doubling down on its customer relationship mantra, is by partnering with investment funds, trading funds and local and foreign miners to provide enough liquidity to the platform and create a less volatile market. We all know that compared to fiat, crypto isn't the most liquid asset around, but for the world to adopt to decentralized technology, users need to have the ability to buy or cash out their assets at stable prices and at their own pleasure - all without getting burnt. BitMax clearly knows this too well.
BitMax has a pretty straightforward BTMX allocation plan.
49% of all the tokens will be dedicated to the pre-distribution, with 12% of that to be distributed between the team and the platform, 18% will be set aside for foundation, 5% for the earliest adopters, 4% to establish strategic partners and 1% to fuel marketing and operation. The last 9% will be given to private sales. The other 51% will all be given to users as incentives for participating in transaction mining.
For more information, don't hesitate to check out the links below.
Official Channels
BitMax's Website
BitMax's Official Telegram
Official Whitepaper
For Announcements.
BitMax's Telegram
BitMax's Help Center
Social Media Channels
Twitter
Reddit
Conclusion.
Please note that the BTMX is a utility token and thus cannot be exchanged for cash or used in any manner of financial obligation.
*Here are the official names of the coins referenced above:
USDT - Tether
ETC - Ethereum Classic.
XRP - Ripple.
BCH - Bitcoin Cash.
LTC - Litecoin.
BTC - Bitcoin
Thank you for reading.
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Rhinoboy11
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Bitcoin Username: @Sammygye
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