Bitmax | An Ingenious Model in Its Niche
Ever since I learned about cryptocurrency years ago, exchanges have been operational, and upgrades have been made over time to tackle hackers and unforeseen problems. In time new exchanges have been launched, some has significantly performed, while some weren't met with such luck. Still more exchange spring up daily as the crypto industry is still at its infant stage with lots of growth to take place in coming years, thus demand for an avenue to trade and engage in other features an exchange offers is high.
Lots of people have come to realize this and are working as teams to create a stand out exchange platform wherein users will be most comfortable carrying out some good old fashion trading. One of these teams is the BitMax team, BitMax team consists of Wall Street veterans and quant technologists from world-class financial institutions such as Deutsche Bank, Goldman Sachs, Morgan Stanley, Bloomberg, AQR, etc. with diverse educational background of top-tier universities including Columbia University, University of Chicago, New York University Stern MBA, Carnegie Mellon University, Peking University, Tsinghua University, etc.
The BitMax team believes that blockchain technology is improving the efficiency of organizational collaboration through the usage of a user-based intrinsic value exchange system, BitMax is built upon the core trading concepts of successful Wall Street exchanges, and that's the area the teams has a tremendous amount of experience. The team believes that by building an open and fair market with governing rules, they'd be able to increase the liquidity of the entire market as well as support the blockchain structural optimization. Here are few benefits BitMax offers that make them stand out from the fold.
Third Generation Exchange: The First generation was mainly regular crypto- trading, the second generation had to do with trans-fee-mining-driven exchange while the current and recent generation which is the third generation comprises of innovative digital asset exchange that builds on the strengths of first and second generations and further incorporates the ingenious design of reverse-mining and other trading efficiency features.
Reverse-Mining: Most of the current exchanges only have transaction mining model which is the process where the users get platform token by trading on the platform. BitMax came up with a brilliant incentive structural concept specifically for the Maker trades. The process entails that user gets rebates by executing Maker trades and then equivalent market value of BTMX token being deducted from user account for permanent lock-up. So basically this will motivate user to provide liquidity on BitMax platform and also permanently help remove the deducted BTMX token from users account from the market supply.
Data Usage Fee Pool: BitMax plans on paying for BTMX usage data collected from users with 80% of BitMax net transaction fee revenue. Hence, this will provide additional incentive for users to hold BTMX tokens. A unique feature about BitMax which focuses on the longer-term of token liquidity and value sustainability is the introduction of stabilization mechanism which includes the set-up of data usage fee pool and daily distribution back to token holders 1/180 of the pool balance.
The outlined benefits are just a fraction of what BitMax.io offers; I think in recent times this is one of the solid projects out there. I'd urge you to take a glance at their social media outlets below and have a feel for yourself what exactly the BitMax team has to offer.
Website: https://bitmax.io/
Whitepaper: https://bitmax.io/static/whitePaper_EN.pdf
Official ANN Thread: https://t.me/BitMaxOfficialAnnouncement
Medium: https://medium.com/bitmax-io
Reddit: https://www.reddit.com/r/BitMax/
Twitter: https://twitter.com/BitMax_Official