There are many exchanges available till now, some are good, some are excellent, but one exchange caught my attention and I was following it since few weeks and I think Bitmax is the most client-centric, innovative next-generation digital asset trading platform to date. One of the best thinks which I liked about Bitmax is that, its a crypto exchange which offers combination of BTMX mining and reverse-mining models. I know there are few other projects who came up with mining option but failed to impress or deliver what they promised. But I think Bitmax mining is well planned tool.





Bitmax gives option to its user to utilize the exchange’s transaction-fee mining mechanism. For every trade Bitmax will be charging transaction fees between 0.04%-0.025% to its users, which I think is the lowest fee offered by any exchange till date. Users also receives certain amount of BTMX as reward (based on BTMX’s price on the secondary market) for trading on the platform.





Also, BitMax offers the option of reverse-mining for maker trades, users not only get rebates by executing Maker trades but the equivalent market value of BTMX tokens will be deducted from the user’s account. Those tokens will be sent for permanent lock-up, thus reducing the overall circulation of BTMX on the secondary market. Maker trade means when users place orders but that does not get filled immediately and it sits on the order book waiting to be matched, the user for that order is called as a “maker”. Even though order is not completed, still it’s important as it provides liquidity and adds depth to the market.





Both transaction fee model reverse mining model go hand in hand. Transaction fee model adds tokens / liquidity to market where as reverse-mining reduces the liquidity for locking the tokens permanently. BitMax is the industry first exchange to complement it with reverse-mining. This has a considerable impact on how BitMax differs from other exchanges that only offer trans-fee mining.





Bitmax exchange’s main focused areas are, transparency, High-Performance Design & security. Many traders facing issues with other exchanges due to lack of transparency, but BitMax exchange is a high-performance trading platform that supports real-time settlement and consistent 24-hour trading operations. BItmax provides all the transaction records if requested by the user. Bitmax high performance design is expected to support transaction processing speed at 200k per second. And their security management system is built in cooperation with a third-party independent security firm. Bitmax’s multi-level firewalls will be monitoring system data processing in real time. To protect the digital assets of its customers, BitMax will be implementing multi-signature requirements and combination of hot and cold wallet solutions.





There are many good tokens already listed at Bitmax exchange, such as COVA, CVNT under the trading pairs of CVNT/BTC and CVNT/ETH, BXA under the trading pair of BXA/USDT. One of the most interesting news is that Bitmax will soon start margin trading. BTC, ETH and EOS to begin with 3x-10x margin. This was mentioned during one of the AMA session held at Bitmax telegram channel.





BTMX token-

BTMX is the ERC-20 standard compliant digital tokens, and it will be used solely as the primary token on the Bitmax platform. BTMX is a non-refundable functional utility token which will be used as the unit of exchange between participants on BitMax. The goal of introducing BTMX is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on BitMax.





Lambda (LAMB) New Year Trading Competition – 2M LAMB & 1.5M BTMX to win









As a token of appreciation, BitMax.io and Lambda just launched the New Year Trading Competition. The event runs from Jan 13rd, 2019 at 7:00 p.m. EST to Jan 19th, 2019 at 7:00 p.m. EST.

For more information about the competition, please check - https://bitmaxhelp.zendesk.com/hc/en-us/articles/360015341754





When I was reading about this project, one thought came to my mind is that, if I am holding TMX tokens, will I be eligible for any rights like shareholders do? The answer is no, Bitmax clearly mentioned in the white-paper, that “BTMX does not in any way represent any shareholding, participation, right, title, or interest in the Foundation, the Distributor its affiliates, or any other company, enterprise or undertaking, nor will BTMX entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Singapore or any relevant jurisdiction. BTMX may only be utilised on BitMax.io, and ownership of BTMX carries no rights, express or implied, other than the right to use BTMX as a means to enable usage of and interaction within BitMax.io”

Even though you won’t get any shareholders benefit by holding BTMX tokens, you can still enjoy benefits of trading at Bitmax exchange and reverse mining option as well.





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]



