BitMax.io’s Innovative Token Economics Maximize Platform Liquidity & Trader Utility

BitMax.io (BTMX.io) is the world operator of an innovative digital asset buying and selling platform with a vast range of products and services for global retail and institutional clients. With its relentless focus on transparency, reliability and excellent of execution and purchaser services, BitMax.io has virtually established itself as a official chief in the crypto buying and selling and change area as the subsequent third-generation digital asset trading platform.

Please Note: This is a Press Release

 Comprised of a team of economic experts with journey in top-tier Wall Street institutions such as Deutsche Bank, Barclays Capital, Morgan Stanley, and Goldman Sachs, as nicely as extraordinarily expert technical leaders with academic credentials from famend international institutions such as Columbia University, the University of Chicago, and Peking University, BitMax.io has attracted strategic funding from pinnacle undertaking capitals such as two Matrix Partners China, BitMain, FBG Capital, and Danhua Capital. By leveraging the team’s information in the areas of typical finance, capital markets, technology, and high-performance quant trading, BitMax.io has delivered ground-breaking modern buying and selling equipment and offerings meticulously designed for high-volume buying and selling and liquidity build-up , and revolutionizing the way the world deals with crypto exchange and investment.

One example of an revolutionary trading diagram brought by means of BitMax.io is the “Trans-Fee Mining” model. Under this model, when a consumer makes a trade, BitMax.io deducts exchange transaction prices from users however then distributes returned the platform’s native BTMX tokens of the equal fee in order to incentivize trading on the platform. This differs from certainly deducting transaction expenses from orders, which is how most different exchanges operate.

Another user-friendly, trader-focused model delivered via BitMax.io is “Reverse Mining”. While trans-fee mining effects in the creation of BTMX, reverse mining is a separate unique incentive structure for Maker trades – which are trades that that have now not been filled immediately in part or completely (like a restrict order) and sits on the order e book ready to be matched.  Under this model, when an user executes a maker trade, the user will receive a rebate of the transaction charge in exchange for an equal market fee of the platform’s native token BTMX that the person holds in their account. The deducted BTMX tokens are then put into permanent lock-up, efficaciously shifting them from the market supply. These types of innovation now not only support the pricing for BTMX tokens on the secondary market, but also act as the vital check-and-balance measures for the stability and liquidity in times of market volatility.

In order for such design to work effectively on world scale with amazing transparency and equity to all traders, BitMax.io has devised a comprehensive token lock-up and distribution rules. 

BitMax.io Lock-up Rules

Once the Transaction Mining mannequin is launched, BitMax.io will impose a obligatory lock-up for large-sell orders. This will help to balance buying and selling things to do of BTMX on the secondary market and assist the sustainability of the BTMX token value in the lengthy run.

Mandatory lock-up parameters are as follows:

• The limit for Daily Net Sale of BTMX (not inclusive of the return of BTMX from Reserve Mining) is 300,000 BTMX tokens. For each and every single BTMX token offered above this limit, three BTMX tokens will be locked up for 30 days. During the 30-day lock-up period, 1/30 of the lock-up quantity will be released on daily basis.

For example, if a consumer has a every day net sale of 303,000 BTMX, then 9,000 BTMX in the user’s account will be situation to a 30-day lock-up, with 300 BTMX launched daily.

• The tough cap of Daily Net Sale of BTMX (not including the return of BTMX from Reserve Mining) is 600,000 BTMX. Daily net income over 600,000 BTMX are no longer permitted.
• Daily Net Sale figures for BTMX are calculated after accounting for any account transfer-out, inside account transfers, and pending sale orders of BTMX.

BitMax.io Distribution Rules

To build higher trading analytics, BitMax.io will pay for BTMX usage information collected from users. Data to be amassed consists of facts on mining, execution prices, and different token circulation information. 80% of BitMax.io’s internet transaction price income will be disbursed again to token holders who signal up and agree to share their token transaction facts with the platform. Therefore, this will grant additional incentive for users to keep BTMX tokens.

Please note that:

• Only BTMX tokens held in the debts of BitMax.io are eligible for calculation.
• BTMX tokens in circulation, as nicely as these in obligatory lock-up are in the scope for distribution.
• Only those token holders who have reviewed and time-honored the “BTMX Token Terms and Conditions” are eligible for participation in this initiative.
• Tokens now not yet released or in everlasting lock-up are NOT eligible for inclusion to distribution.

Stabilization Mechanism

In order to regulate the every day distribution charge of BTMX with the platform transaction rate schedule, a stabilization mechanism will be delivered by means of setting up a Data Usage Fee Pool. The platform will set aside 80% of net transaction charge revenues on a each day basis for the Pool and will distribute 1/180 of the balance back to token holders.

To clarify these calculations:

The Daily Deposit into the Data Usage Feel Pool is equal to: Daily Net Transaction Fee * 80%

The Daily Distribution of the Pool is equal to: Daily Data Usage Fee Pool Balance / 180

The Individual Share of Platform Transaction Fee Distribution is equal to: Daily Distribution of the Pool * (24HR Weighted Average BTMX position / Aggregation of Total User Effective BTMX Position) 

Settlements

Daily settlements will start at UTC 00:00 based totally on the preceding 24-hour distribution amount, and the disbursed quantities will be booked and mirrored in person accounts on BitMax.io by way of the give up of the day. Furthermore, the distribution of platform transaction fees will be settled in the forex shape of the transaction. For example, the distribution of ETH transaction prices performed on the platform will be credited into individual money owed in ETH.

BitMax.io reserves the remaining right of adjustment and interpretation of the Distribution Rules of Platform Data Usage Fee.

From ingenious mining designs to value-driven token distribution economics, BitMax.io is redefining the tools and offerings that are genuinely common and beneficial to traders, especially from constructing economic price from longer-term perspective.  As critical factors of BitMax.io vision of handing over fair, transparent, and notably environment friendly buying and selling services to world users and traders, its trans-fee mining, reverse mining, and ordinary token distribution protocols will help pave the way for BitMax.io to cement its main function in the crypto change area as the subsequent third-generation digital asset trading platform