There are over 1600 cryptocurrencies in circulation today with a combined market cap of over $200 billion, according to coinmarketcap, this clearly indicate that the number of cryptocurrency exchange platform is on the rise, the importance of these platforms cannot be overlooked even when few of them are victim of hack , as a crypto enthusiast I believe the full potential of cryptocurrency has not been fully harnessed this means more and more cryptos would be created which implies more exchange platform. Time will tell.

For an exchange platform to be categorised as a standard platform it has to make sure it satisfy certain criteria such as security, speed, user interface, user experience and more. The platform of the future will do more than serve as an exchange platform it will also interconnect various expect of it user’s digital and financial life in one simple yet rich environment. Bitmax is an exchange platform that I feel will make cryptocurrency trading simple and powerful.

BitMax is an innovative cryptocurrency exchange that want to create a new type cryptocurrency exchange platform. The team hopes that through building upon a series of open and fair market rules, they would be able to boost the liquidity of overall market, support the blockchain structural optimization and promote equitable resource allocation Leveraging on blockchain technology, they aim to establish an autonomous platform.

As the world’s first true 3rd-generation cryptocurrency exchange platform, BitMax.io officially launched reverse mining with trans-fee mining for the public on Nov 18, 2018, at 8:09 PM. These services have gone live along with new, industry lowest commission rates that have been set to encourage more trading activities on the platform, as well as very tight market spread rates as compared to the wider crypto exchange market.

BitMax ensures traders save more through the following method: By providing the lowest trading commission in the market (0.04%), and by offering users’ access to highly liquid trade markets that lead to very tight market spreads. BTMX token economics has built-in incentive mechanisms, including reverse-mining and token consumption that manage the number of tokens in circulation. The BitMax.io platform keeps the information up-to-date on the front page, which again is an evidence to their commitment to being transparent and client-centric.

Bitmax are employing trans-fee mining and reverse mining to enhance the trading efficiency which will be beneficial to the traders.The benefit of Bitmax’s trans-fee mining model is that it incentivizes trading on the platform by allowing traders to earn a new, valuable token, the BTMX platform utility token, whenever they conduct a trade. While for reverse mining, it incentivizes the users who places maker trades by giving them a rebate of transactions fee in exchange for an equivalent market value of the platform’s native BTMX token that the user holds in their account. Reverse mining and trans-fee mining not only enhance the trading efficiency for traders and investors, but also help support the pricing levels for BTMX tokens on the secondary market while putting in place an important check-and-balance mechanism for stability and liquidity in times of volatility.

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