"Architected by Wall Street trading veterans, BitMax provides comprehensive digital asset trading and custody services for traders and investors with a focus on transparency, reliability and the speed of trade execution. Seeking collaboration across traditional finance and blockchain industry, BitMax is dedicated to the support of the financial market innovation and the advancement of digital asset economy".

BitMax vision was the first statement I read and immediately my attention was caught and of course, I had to satisfy my curiosity. In this article, I'll be outlining stand out qualities about BitMax starting with a definition. BitMax an innovative next-generation digital asset exchange, in the mission to create a new type of community-based economy. The BitMax team hopes that through building upon a series of open and fair market rules, BitMax would be able to boost the liquidity of the overall market, support the blockchain structural optimization and promote equitable resource allocation, leveraging on blockchain technology.

The key features of BitMax are summarized in four category

Participative

Here user get the opportunity to voluntarily and independently participate in the delivery of tasks such as transaction mining, project voting, participation in the construction of the mining pool, and joint ecosystem building.

Collaborative

Users collaborate with each other to achieve value-add and shared objectives. The users can set up the mining pool by themselves and work together on the building and ecological maintenance of the mining pool.

Co-operative

Users would be able to obtain economic incentives in exchange for their work, i.e., BitMax would return 100% of user remuneration following the Proof of Work (PoW) and Proof of Stake (PoS) mechanisms. Users who participate in the management and building of the mining pool would receive greater remuneration.

Autonomous

Autonomous agents, intelligent programs, and the future enhancement of artificial intelligence (AI) and AI algorithms would enable BitMax to run its strategic operations on the self-sustainable basis, eventually building out a trusted community-based free economy with a set of open and fair rules.

BitMax has a token with symbol BMax, which will be designed to be used solely as the first token on the platform and server as a non-refundable functional utility token which will be used as the unit of exchange between participants on BitMax. BMax has an allocation plan 49% of total issuance is set aside for pre-distribution, and 51% would be released and distributed to incentivize users daily to participate in transaction mining. Currently, only BTC ETH BCH LTC USDT and BMAX are tradable on BitMax, with other tokens to be added as time goes on.

Their Technical Features and Support Model comprises of some unique features which are;

Openness and Transparency

As the core requirements of a blockchain ecosystem are based off the open and transparent business rules, BitMax is launching a high-performance trading platform that can support real-time settlement and logical 24-hour trading operations with complete transparency of all the transaction records upon request.

High-Performance

Design Institutional-quality trading architecture with advanced in-memory matching algorithms, asynchronous non-blocking read and write, distributed real-time messaging framework and other advanced technologies to achieve high reliability, high performance, security, scalability, and easy maintenance. A friendly trading environment with strengthened support for FIX protocol and API. With an initial target of estimated processing speed at 200k transactions per second, the API interface supports professional transaction types such as high-frequency, GTT, GTC, FOK, and ICO and provides trading support for quant funds.

Security

The security management system is built in cooperation with a top-tier security firm. Furthermore, industry experts conduct the review of code and overall architecture design before the system goes live. Multi-level firewalls will be set up to monitor system data processing in real time. In the area of digital asset security, multi-signature requirements and combined hot and cold wallet solutions are implemented to provide security for the digital assets of customers.

Trading Products

The platform of BitMax would initially support the crypto-to-crypto spot trading model. The future releases would seek to support margin trading, other advanced order types, and account balance management services. When the platform liquidity reaches a certain level, an anonymous transaction function similar to ShapeShift would be introduced.

They're more exciting findings of BitMax on their website as well as their whitepaper; I expect more content from the team in the coming days so I'll leave you guys with links to their social media outlets in order not to miss out on anything.

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



