Bitmax, a 3rd generation innovative exchange that focuses on transparency, high-performance, security, and liquidity has done quite a whole to make their presence felt in the industry since they came into the game. One of their many qualities and feature is that fact that they have remained consistent in being transparent with their activities by updating the community about the least development, be it listing, an AMA or airdrop.





Another way that they do this is by releasing weekly updates that summarize everything that they've done for the week in other to keep their followers up to date and ensure that everybody is on the same page. The week of Feb. 16, 2019, to Feb. 22, 2019, is no different as they have also released a detailed update about their activities.





They started off by giving an update on the platform data by reporting that a total of 331,559,756 BTMX has been mined. This is a whopping 32,605,969 BTMX increase compared to the previous week. As for permanent lockup, it was increased by 1,947,662 BTMX to an astonishing 47,506,759 BTMX while the current circulation was increased by 30,658,307 BTMX to a staggering figure of 284,052,997 BTMX. All done in the space of one week.





Going further, they gave a report on platform update by stating of the release of a new version of App for iOS which came with updates such as:

Improved candlestick charts with additional data display. Fixed UI experience when orders are rejected. Improved security of Google 2FA setup procedure. Optimized system upgrade process.

For additional ease, the app can be downloaded by scanning the barcode on the homepage of the official website.





The next update was about the launch of USD markets which will further expand their support for stable coin trading. There was an update of the USDT market to USD markets with new trading pairs enabled for BTC/PAX, ETH/PAX, BTC/USDC, ETH/USDC. All trading pairs were made eligible for both reverse mining and regular trading (another amazing feature of the exchange).





Preparation kicked off for adding BTMX to margin trading in the future which will be used for the following purposes:

To update the trading fee for BTMX and extend referral rewards to trading BTMX. To enable the immediate BTMX unlock function with commission fee at 10% of the total unlocked amount. Users can submit the request on the Lock-up Details page. BTMX tokens consumed for commission fee will be subject to permanent lock-up.

They also made an announcement of the listing of Paxos Standard (PAX), indicating the time for deposit, withdrawal, and trading while making it known that the trading pair is eligible for mining, reverse mining and regular trading.





For a complete update, you can follow this link.





Make sure to visit these useful links for more information on Bitmax:

BitMax Official Website

Twitter

Reddit

Telegram English Official

Telegram Official Announcement Channel

Medium