Bull or bear, the cryptocurrency market moves forward. Various projects continue to issue tokens and raise initial funding as they build out their blockchain-based ecosystems. Recently, many of those top projects have found their ways to be listed on BitMax.io.
What is BitMax.io (BTMX.com)?
BitMax.io is the industry leading next-generation digital asset exchange that provides a broad range of financial products and services to both retail and institutional clients across the globe. This innovative trading platform was founded by a group of Wall Street quant trading veterans and built upon the core values of blockchain, transparency and reliability, to deliver high-quality client services and trading experience.
BitMax.io introduced the concept of “reverse mining” which offers a separate incentive structure for Maker trades. Most of the other exchanges only provide transaction mining model where users receive platform tokens for trading on the platform.
With “reverse mining” model on BitMax.io, users who execute Maker orders will get rebates, and the equivalent market value of the BTMX tokens will be deducted from the user account and subsequently removed from the market supply. “Reverse mining” helps supporting liquidity on the platform.
Recent Token Listings
Token listings on a mass-production scale might be able to bring trading volume to an exchange in a short period of time. However, this approach can generate quick profits at the expense of the exchange’s community interest. This type of shortsighted listing strategy can undermine the credibility of overall cryptocurrency space, thus limiting its growth over the longer term. With clear understanding of this situation, BitMax.io has been pioneering a new listing strategy to offer exclusive listings only to the projects with the most promising development and viable business model in the blockchain industry.
BitMax.io (BTMX.com) has prudently selected those projects led by well-qualified management teams with credible funding source and support their token listing with multiple service options from marketing advisory to designated market making. This listing strategy aligns BitMax.io’s client-centric business model with their deep trading expertise to better serve the project. The result definitely speaks for itself – the token performance of recent listings, such as Lambda, LTO Network, QuickX Protocol and Ankr Network, has been strong with prices remaining above initial offering price, despite the bear market conditions.
Lambda, known with a reputation of ‘the disruptor on blockchain-based storage solution’ as a fast, safe, and scalable blockchain infrastructure project, provides decentralized applications (DAPPs) data storage capabilities with unlimited scalability. Through its innovative ecosystem and architecture design, Lambda is expected to play a significant role in the field of IoT data storage, artificial intelligence, public data access and transaction, etc.
LTO Network is delivering decentralized workflow systems, enabling enterprises to benefit from open blockchain networks while also stemming private chains to maintain the privacy of proprietary information. The project has already attracted partnerships from world-renowned firms such as IBM.
QuickX Protocol is a revolutionary new liquidity network and a valued partner to BitMax.io. QuickX Protocol creates off-chain liquidity pools to handle cryptocurrency transactions that are then verified by the protocol’s decentralized network of validators. This allows QuickX’s users to execute instantaneous cryptocurrency transactions.
Ankr Network aims to deliver a feasible solution that can effectively decentralize the cloud resources while also lowering the cost of acquiring those resources. Ankr Network is creating a platform with which people and data centers across the world can allocate their excess resources to resource consumers. In return, resource providers are rewarded with tokens.
In addition to the four reputable projects above, BitMax.io listed several other tokens from well-known blockchain development projects such as CVNT, a decentralized content management and curation ecosystem, and COVA, a revolutionary data liquidity and interoperability protocol.
Upcoming Token Listings
The architecture of DOS Network consists of two layers – on-chain and off-chain. The on-chain part is a set of system and governance contracts that are set up on supported blockchains. This includes functions such as request handling and response, stats monitoring, result verification etc.
DOS Network provides real world data to smart contracts by basically following the request-response pattern. Smart contracts specify the origin and format of the required data on-chain by making a message call (oracle request) into system contracts.
Alluva is a blockchain-based product that allows users to predict and rate crypto assets. Users are incentivized for correct predictions and, over time, these predictions and ratings will give institutional, startup, cryptocurrency, and investors actionable research and data for early deal flow access.
With the listings of several high-quality projects like CryptoCurve and DOS Network in its pipeline, BitMax.io will not only establish itself as the gatekeeper of selecting only qualified projects for its growing user base and communities, but also continue proving to be strategic value-added partner supporting the launch and development of the best blockchain projects.
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