BitMax Token BTMX live coin price, charts, markets & liquidity

Thirdly, the unique design of additional transaction fee distribution to the token holders also support the overall stable level of BTMX toke price over a longer term. Every day, the platform will set aside 80% of net transaction fee revenue for the Pool and distribute back to token holders 1/180 of the Data Usage Fee Pool balance. Compared with traditional mining fee income distribution patterns, BitMax.io’s Pool will grow as mining activities continue. However, with the Pool, BitMax.io pays users for BTMX usage data, with 80% of BitMax.io’s net transaction fee revenue distributed back to token holders who sign up and agree to share their token transaction information with the platform. This provides additional incentives for users to hold BTMX tokens, and by holding tokens and not selling them, token prices become more stable, and more stability in token prices, in turn, encourages more mining as well. BitMax.io’s team of Wall Street quant trading veterans has placed strong emphasis on fairness, liquidity, and transaction-driven income streams for traders of all sizes.

For example, BTMX is required for traders to participate in AscendEX auctions for new listings. After an auction completes, all of the BTMX used for bidding is permanently locked in a smart contract, as effective consumption of the tokens. 12.3 If any term or condition in this Agreement is ruled by a court as totally or partially invalid, void, unenforceable or illegal for any reason, the validity and enforceability of the other terms and conditions of this Agreement shall not be affected. Where any provision herein is ruled as unenforceable, you agree that the Platform makes any modification to such provision to the extent permitted by applicable laws to ensure that the intent of such provision is fulfilled. 9.2 In view of the particular nature of the Internet, the Platform does not guarantee that the Services will not be interrupted, nor does it guarantee the timeliness and security of the Services, nor does it assume any responsibility that is not attributable to the Platform.

Tighter spreads and different incentive structure for mining and reverse mining activities based on maker vs. taker. BitMax.io is providing users across the globe with the efficient trading tools and services they need to further benefit from participation in the cryptocurrency market. Firstly, there is more up-to-date reflection of value creation with BTMX prices at any given point in time-based on real-time mining activities.

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You agree that the Platform can use your information in accordance with the Terms and Conditions of the Privacy Policy of the Web Page. View the total and circulating supply of Bitmax Token, including details on how the supplies are calculated.

  • 9.1 As a platform of “Internet service provider”, the Platform does not guarantee that the information and Services on the Web Page platform can fully meet the needs of Users.
  • BitMax.io (BTMX.io) is a global operator of an innovative digital asset trading platform with a broad range of products and services for global retail and institutional clients.
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  • View the total and circulating supply of Bitmax Token, including details on how the supplies are calculated.

1.3 We may freeze any Account in the event that we suspect or have reason to believe that you are engaged in suspicious trading or an other activity or have breached any of the above warranties. This may result in the unwinding of any deal that you may have entered into by then. Whilst your account is frozen, we will conduct an investigation and may require you to cooperate with such investigation. During the investigation, you will not be able to make deposits into or withdrawals from your Account, nor will you be able to trade via your account. At the end of the investigation, we may, at our sole discretion, decide to close your Account for which we are not required to provide you with any reasons for the same. Secondly, the reverse mining rebate offered to those with Maker traders acts as an incentive for them to provide more liquidity and depth of the exchange, the core differentiation for any successful exchange.

For messages that are received by User by means other than the Web Page and are purported to show that the User has won any prize or preferential offers, the Platform shall not be held legally liable for such messages. 9.1 As a platform of “Internet service provider”, the Platform does not guarantee that the information and Services on the Web Page platform can fully meet the needs of Users. The Platform may not be held liable for errors, insults, libels, omissions, obscenities, pornography or desecration that a User may encounter in the course of accepting the the Platform services and using the Web Page. 7.4 Upon your using the Service, it shall be deemed that you agree that the Platform reserves the right to liquidate any transaction at any time, regardless of whether you are suffering losses or making profits. 2.4 Upon your submitting any content to the Website, it shall be deemed that you warrant that you are entitled to and have all necessary intellectual property rights in such content. 2.2 You acknowledge that, except as otherwise agreed between the parties hereto in writing, the Web Page and all intellectual property rights therein shall remain owned by the Platform.

About BitMax Token (BTMX)

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. With traditional mining models, once the platform token (in this case, BTMX) is earned, the miner usually sells it in the secondary market in exchange for other paired cryptocurrencies. Since the trader continues to mine and sell his or her mining earnings in https://cryptolisting.org/blog/free-money-flow-what-its-and-how-to-use-it the form of BTMX, traditional mining is a one-way inflation model only on selling. Issued on November 11, 2018, with an initial price of ~$0.03, BTMX is the native utility token for the AscendEX platform with a total supply of 10 billion and a current circulating supply of approximately 753 million. Traders can use BTMX to participate in new listings on AscendEX with priority access as well as take advantage of several digital products and investment opportunities built around the BTMX ecosystem.

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Holding BTMX can also unlock the value of the tiered AscendEX VIP trading program, possibly granting users the most favorable fee structures at the highest levels based on the level of their BTMX holdings. The high number of traders eager to buy BTMX in anticipation of a new listing creates aggressive demand, leading to a buy-side imbalance that would reward all of the patient sellers and drive exciting price action for BTMX prior to each auction-driven listing. 12.5 If any provision of this Agreement is deemed to be unlawful, invalid or unenforceable for any reason, such provision shall be deemed severable and may not affect the legal effect of any other terms and conditions of this Agreement. 9.7 All notices sent to Users will be delivered by the Platform through official announcements on the Web Page, in-station letters, e-mails, customer service telephone calls, mobile phone messages or regular mail.

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Trans-fee mining was quickly followed by the introduction of reverse mining, separate unique incentive structure for Maker trades – which are trades that have not been filled immediately partially or fully (like a limit order). Under this model, when a user executes a maker trade, the user will receive a rebate of the transaction fee in exchange for an equivalent market value of BTMX that the user holds in their account. The deducted BTMX tokens are then put into permanent lock-up, effectively moving them from the market supply. Reverse mining with trans-fee mining were formally launched to public on Nov 18, 2018, along with the industry-lowest commission rate at only 0.04%.

Cryptocurrency news

Cryptocurrency trading has evolved far beyond “buy bitcoin, trade for ETH.” As the market matures,  a wide range of derivative products has been introduced in response to the growing appetite from retail and institutions alike for more sophisticated mechanisms to deploy capital and hedge risk. You take full responsibility and risk of loss as a result of your use of the Services. We offer charting from TradingView which is industry standard and has all the crypto trend indicators and tools you are looking for when you are doing advanced trading.

If you fail to withdraw your orders and close your position at the expiry of the seven-day period, we will force you to do so and return to you the remaining digital currency in your account. 1.2 We will impose certain trading limits before you are required to undergo customer due diligence (CDD). You agree to cooperate with us in this process and provide all documents/information we may require to verify your identity and business relationships. Since its launch in August 2018, BitMax.io has enjoyed considerable success, growing its user base to over 50,000 and providing 39 active trading pairs to the public, with new trading pairs and listings currently under review. An overview showing the statistics of Bitmax Token, such as the base and quote currency, the rank, and trading volume. To check ASD’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page.

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