Bitmax, the third generation exchange that launched a few months back has been making waves upon waves and have been going places since they started. Bitmax introduced the combination of bitmax token mining and reverse mining models making them the first in doing so and also the lead in producing an exchange that is client centric.

Bitmax has set the transaction fee for users who tend to make use of the transaction fee mining feature between a range of 0.04% - 0.025%, as an option will be given to users to choose on what type of trade(traditional or transaction mining) they which to take part in. Bitmax will in turn award users who use this feature the equivalent of the transaction fee they used in form of bitmax tokens, they are also using their token model to differentiate themselves from the other exchange by using the low transaction fee as well as their tight spreads which were discovered through extensive market research.

Bitmax also offers some membership benefits to its users. If users get the VIP membership cards they can get a 30% discount off regular transaction fees. Users with the VIP membership can have the ability to set a high limit for their large sell orders, providing more flexibility while the number of bitmax tokens in other to support the overall supply demand balance.

Bitmax structured the bitmax token as a utility token. The combination of both the transaction mining and reverse mining allows users to minimize the overall transaction fees also, sharing ones trading data to the exchange in order to get or receive a portion of the daily transaction fees.

Recently, bitmax have found their selves listing a lot of wonderful projects in their exchange. They recently partnered with the covalent.ai project before they listed the project on their exchanges. They also had a joint AMA together in which a representative from the cova team was present and they both answered some important questions from members of the bitmax telegram channel.

Some of the questions and answers where?

Q: I have been going over the docs and the explainer video COVA is building amazing stuff! Does COVA has partnership with companies to extend the user-base :real user-base ?

Raymond Gao: Definitely. We are fundamental infrastructure and many application could be built on it. We are now partnering up with many companies in financial, medical, retailing industries.

George: And BTMX community will have various benefits including but not limited to airdrops. Q：Can you tell us more on that?

George: I can tell you we will have a decent size of airdrops. Q: Nice project, I just wonder how to land.

George: For example, a credit loan company can use our platform to calculate the credit score of a customer without knowing the detailed info like her bill.

George: We always partner with great projects. Q：More BTMX we hold the more airdrop we receive?

George: BTMX holders will have more airdrops if your holding is greater than a threshold. Private sale investors are qualified too.

You can get a feel of the AMA here https://medium.com/bitmax-io/bitmax-io-conducted-successfully-the-ama-session-with-cova-project-10db85fd99bd

IN other news bitmax has also been listed on coinmarketcap. Check the price and chart of bitmax here https://coinmarketcap.com/exchanges/bitmax/

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: [email protected]