Bitmax launches Cova with Exclusive airdrop program

In what seem to be one of the fastest growth witnessed today in the crypto exchange, blockchain and ecosystem today despite the times, the success of the Bitmax exchange is worthy of both mentioning and commendations. The project achieve quite a huge volume of trade in such small amount of time. One is kept in wonder as what special features or benefits that endear users to use the exchange.

What's so special?

It's the first exchange to successfully implement the transaction and reversing mining model. This feature literarily returns users fund back to them as a form of transaction mining. You could say an added incentive in using the exchange. The mined transaction is paid in BTMX the native token of the Bitmax exchange, already trading!

The other interesting side of this discussion is the fact that the exchange have successfully list a long list of very important cryptocurrencies eg Btc, Eth, Ont, Iost and just recently Cova a utility token aimed at improving the way data is used in the global web and resources that makes use of user data (discussion to continue later)

The strength of the exchange for me is not just in the fact that they run successfully a model which earlier project had failed to implement most noteworthy, the Fcoin project, but also is the fact that the over 40 cryptocurrencies listed in the exchange are only but great projects with good usecases.

Giving traders and investors alike the opportunity to get quality tokens at an almost zero percent fee in transaction, take a look closely in the Coinmarketcap images above. The exchange offers the ability for both spot trading and transaction mining.

Current mining data culled from the official exchange website showing permanent lock up BTMX tokens, 24h Transaction and Reverse Mining.

The above data establish the fact that the usability of the exchange platform is not just in theory but in practise, an occurrence so rare in the industry and has plunged the ecosystem to where it is today, however growth is happening and an increasing in both altcoin and bitcoin volume has already started. Btc and the rest of altcoins especially Bitcoincash have begin to gain in momentum with BCH doing a whooping 300% in less than a week! is the bull coming? (^-^)

Bitmax and Cova

Bitmax exchange recently launch Covalent Network, a project aimed at ensuring that users data are kept private and secured. The much talked about project which have gain alot of attraction in the crypto sphere have seen strategic partnership entered by the team in industries such as Medicine and financial institutions.

The usability of the platform is such that the team aim to completely wipe away identity theft, fraud, malicious activities carried out by bad actors thereby making data usage safe, talk of a smart data that listens and do what the owner requests.

Bitmax Exchange is the exclusive platform where Cova is paired with the USDT!! However it doesn't stop there, the following pairs exist in the platform COVA/BTC, and COVA/ETH. Deposit & withdrawal to start at 9:00 p.m. EST, Dec 19th, 2018. Trading to start at 2:00 a.m. EST, Dec 21st, 2018.

COVA Airdrop on BitMax.io

The airdrop which runs from 9:00 p.m. EST, Dec 19th, 2018 to 9:00 p.m. EST, Dec 29th, 2018 is aimed at celebrating listing of the Cova token and users are rewarded for that as well.

Incentive to New Users with Terms and Conditions culled from here

During the promotion, new users who register and complete Identity Verification Lv.1 will receive 1,000 COVA with lock-up status as reward. Tokens will be displayed on the user’s My Asset page under COVALCK.

Once users’ aggregated purchase of COVA from the secondary market is greater than 2,000 within 30 days from receiving airdrop, the airdrop tokens will be released within 1 hour.

If users’ aggregated purchase of COVA is less than 2,000 within 30 days from receiving airdrop, the airdrop tokens will no longer be valid.

Total airdrop amount is capped at 3,000,000 COVA on the first-come first-serve basis.

Incentive to Bitmax holders

If the user has BTMX position greater than 10,000 (including pending unlock from private sale) based on the snapshot of account balance, the user will receive 1,200 COVA with lock-up status as reward. Tokens will be displayed on the user’s My Asset page under COVALCK.

Once users’ aggregated purchase of COVA from the secondary market is greater than 2,400 within 30 days from receiving airdrop, the airdrop tokens will be released within 1 hour.