BitMax.io is a global operator of digital asset exchanges for diverse groups of clients from retail to institutions. The Exchange has a strong capital funding from Bitmain, Matrix Partners China, FBG Capital, and Danhua Capital and huge finance and trading expertise from decades of Wall Street experience is the exchange for the CryptoCurrency market.

Ever since the launch of the first transaction mining and reverse mining on BitMax.io, making it a 3RD-GENERATION digital asset exchange, BitMax.io team has kept up with exciting announcements and maintenance upgrade of the exchange to remain best exchange option for CryptoCurrency traders. The community hasn’t been left out of the picture. Questions and suggestions from BitMax fans on the exchange telegram group and during the consistent AMA sessions hosted by the George (BitMax co-founder) has created an Exchange haven admired by the CryptoCurrency community.

BitMax.io, an exchange by Wall Street veterans, made history on 19th December, 2018, when they launched a dual-mining model for trans-mining and reverse mining. BitMax combined Mining model was a design built to correct the flaws of FCoin model. Here’s how it works, BitMax model rewards trading on the Exchange with its trans-mining model while stabilizing its exchange token BTMX prize in the long run using a different mining model called Reverse-mining.

The result is an growing CryptoCurrency ecosystem with unique user-friendly features and trading-focused services that makes BitMax.io a leading, third generation digital asset trading platform.

As a part of BitMax ‘’Price protection” model, BitMax support today announced a new rule for distribution of data usage reward. The new rule, a suggestion from BitMax community is one I find interesting and think would keep BTMX, the token of the exchange, price stable or with a good market value.

About BitMax lockup Rule for data usage reward distribution.

Recently, BitMax support announced that from 7:00 p.m. EST on December 19th, BitMax.io would be updated with a new rule called the lock-up rule for data usage reward distribution. A lot of users would love to know about the new rule and what profits it holds for BitMax.io users.

Data usage reward is the 80% of net transaction fee revenue the platform sets aside and which is distributed back to BitMax token (BTMX) holders. This reward increases the user-base of the platform and lead to more stable market value for users holding BTMX in the longer term.

Under the new rule, only locked BTMX tokens will be eligible for receiving data usage reward. To earn a data usage reward from BTMX lockup, transfer your amount of BTMX to be locked from your Normal Trading Account to your Lock-up Account. When it’s confirmed, it becomes locked up and you start to share data usage reward immediately. You can choose to unlock your locked BTMX tokens anytime, but it takes Maximum 24hours from request time to be unlocked. Also, once unlock request is made, you stop receiving data usage rewards.

The lockup is a part of BitMax model to balance the volume of BTMX tokens traded on secondary markets and maintain balance of the BTMX value in the long run.

Few days after the new lock up rules have been launched on BitMax Exchange system, details about bitTreasure new products would be announced. A good number of BitMax community has been expecting a new bitTreasure product having missed the earlier one.

BitMax.io admiration within the CryptoCurrency circle has earned them partnerships with Blockchain projects like BitCloud, Bitshares and recently Covalent, a Smart Internet Protocol for data management with whom George hosted on a recent AMA. BitMax team announced more exchange partnerships to give BitMax registered user access to the best possible price across the entire market by combining order books and market depth across all partner exchanges.

In conclusion, BitMax efforts to create an exchange to make available tokens of selected Blockchain projects while building a lively ecosystem for its community makes it an Exchange to reckon with. The Exchange has more to offer the CryptoCurrency community and the world and it’s unique mining and token features truly sets BitMax.io apart in a crowded crypto trading space.

This is not a financial advice but my personal view, I advise you to do your research first.

For more information, follow BitMAX on:

Website: http://www.BitMax.io

Twitter: https://twitter.com/BitMax_Official

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

Telegram: https://t.me/BitMaxioEnglishOfficial

Medium: https://medium.com/bitmax-io

Contact: support@bitmax.io