Digital assets have been there for quite some time, but their use had been limited in the past due to the problem of double spending. This was solved when blockchain was introduced in 2009 paving the way for the success of Bitcoin which reached its peak in late 2017. Digital asset exchanges came up during this period to help in the trading of various digital coins that were being introduced in the market. BitMax.io came up to provide these services, and it has been improving its infrastructure and software with the aim of becoming the leader in third-generation digital asset trading platforms. BitMax.io’s latest improvements on its matching engine have its transaction rates become the leading rates in the industry at 400,000TPS, making itself as a clear leader in the crypto trading and exchange space.
BitMax.io is taking a step in a different direction that seeks to benefit traders more than the other way around. For most digital asset exchanges, charges for transactions are usually a percentage of the total trade executed. However, for BitMax.io, trading is likely to be virtually free with the new form of mining, known as Trans-fee-mining.
This feature essentially makes BitMax.io one of the best platforms to trade with. Simply put, users get rewarded in BTMX, the native token of BitMax.io, when they trade using the platform under the “Mining” mode. The reward given is equivalent in value to the transaction fee charged on the trade made. Thus, trading in BitMax.io is arguably free as its tokens can be used to make various payments and purchases within the BitMax.io platform.
BitMax.io goes even further by introducing a more exciting feature: the industry very first Reverse Mining mode. This is a rebate for liquidity makers only. This feature also increases BitMax.io’s uniqueness in the digital asset exchange industry.
These are those traders who make orders that make it to the order book before being filled either partially or fully. They are matched in the order book thus create a chance for liquidity to increase within the platform hence the term ‘Maker.’
Takers are traders who place orders that are immediately filled either partially or entirely before the order makes it to the order book. They deny the chance for liquidity to increase within the platform hence the term ‘Taker’ is used.
Reverse mining is a process whereby the platform pays the transaction fee charged on a particular trade in exchange for BTMX of equivalent value. This process is only reserved for liquidity makers and is meant to encourage more people to become makers thereby increasing liquidity within BitMax’s digital exchange platform.
Despite Reverse mining being reserved for Makers, trading in BitMax is still advantageous to all parties as BTMX is assured in every mining scenario. Mining, in BitMax.io, is defined as a process whereby traders pay transaction fees and receive a reward in BTMX of a certain number. This makes BitMax’s trading approach even more trader-centered and thus unique in the digital asset exchange industry.
For traders who enjoy traditional trading or may not want to involve themselves with mining, BitMax offers a standard trading option where trading is traditional. The platform understands that not every trader may wish to participate in mining or reverse mining. And the BitMax platform transaction fee is the industry lowest, only 0.04%.
Economics model: BitMax.io’s economic model is based off a series incentives and mechanisms, including reverse-mining and token consumption. The total circulation of token would regularly get smaller. Thus the denominator of APY is decreasing while annual yield percentage is increasing.
BitMax.io currently delivers attractive APY, around 44%, which is very competitive compared to other financial products such as sovereign bonds, ETF, mutual funds, etc. People may argue that these investments are low in return, but also low in risk. Below, we will demonstrate perspectives why holding BTMX is also low in risk, while the return rate is attractively good:
Data usage fee distribution: With the current setup of data usage fee pool, the long-term return for holding BTMX is quite stable. However, other exchanges give out daily revenue every day. This means the revenue sharing of next day is entirely dependent on the next day’s business performance, which is unpredictable. (Take FCoin as an example. The revenue share for the first two days quickly spiked up and dropped drastically afterward). The fee pool plays an important role in smoothing yield curve. BTMX holders could expect solid return, regardless of platform day-to-day performance.
The APY (Annual Percentage Yield) for BTMX holders is almost 44% now (as displayed on the official website). As the platform income getting higher, the total asset in the pool will be incremental. Given that the total number of BTMX tokens in circulation is getting smaller, the profit share that each token can get is getting higher and higher.
In conclusion, BTMX is one of the most underestimated/undervalued crypto tokens in the current market. It has very solid value support by its long-term economic metrics. It is high in return and can benefit platform users and token holders in both short and long run.
A Platform For Success
BitMax.io has been built on core trading concepts that have made places like Wall Street very successful. By emulating and improving on these concepts, BitMax is setting itself up to the leader in crypto trading. Its trader-focused approach has given it a strategic leading position among its peers. This may force other crypto trading platforms to become innovative and improve on their services thus still a win for traders. However, BitMax.io is already leaped ahead, and it may take time before others catch up.
Its mining methods are energy friendly which may resonate with most if not all of the traders in its platform. BitMax.io also has other strategies to ensure token value is maintained and liquidity is also maintained in the platform. BitMax has a solid plan that will keep it as the leader in the digital asset trading platform industry.
In order to find further information on BitMax.io’s mining features, please follow this link.
#BitMax.io #Testnet #Mining #Publictest
Disclaimer: Please only take this information as my OWN opinion and should not be regarded as financial advise in any situation. Please remember to DYOR before making any decisions
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