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Topic: 🔵🔵🔵 [ANN] BitMax.io Transaction Mining & Reverse-Mining ⚡️⚡️⚡️ - page 46. (Read 39402 times)

copper member
Activity: 644
Merit: 1

very interesting concept. 80% of the daily fees go back to the users? That's really a lot. Do you think 20% is enough to keep you running?

80% truly does seem like a high amount to give but I want to believe that the team has done a great deal of thinking to come out with this strategy and keeping the system running is more important than any revenue share so probably that number will keep them running

In reality they don't need an excessive amount of profit to operate and from the discussions i've had with them they intend to be a pretty major exchange so even 20% is going to be a lot of cash at the end of the day i'd imagine

80% looks like a lot but once it is distributed every one will get a fair amount of reward, 20% will most likely be an okay amount of profit needed to run the exchange from their estimates.

Sure, once distributed it becomes a fair amount but we are talking about the bulk of it and like I said earlier, I believe the team thought and met before coming up with this strategy. If it doesn't affect the project in any way then I'm good.
full member
Activity: 504
Merit: 106
★Bitvest.io★ Play Plinko or Invest!
I've just signed up to Bitmax to take part in the sweepstakes program. What a great idea and a nice incentive to encourage more users to sign up and deposit funds. I'm going to try and get the required 100 points so I can redeem and play!
jr. member
Activity: 574
Merit: 1
when you are fed up transfer your crypto to me

very interesting concept. 80% of the daily fees go back to the users? That's really a lot. Do you think 20% is enough to keep you running?

80% truly does seem like a high amount to give but I want to believe that the team has done a great deal of thinking to come out with this strategy and keeping the system running is more important than any revenue share so probably that number will keep them running

80% is quite a lot and like he originally said I don't know how they are going to run the whole platform on just 20% except they have plans to raise funds through other means which they've not stated
jr. member
Activity: 420
Merit: 2
Bitmax is really a good place for start trading.
i like the way they are sharing profit by distributing BTMX token while also making sure to keep the supply minimum and maintain the demand though reverse mining!
its like they have everything planned!
copper member
Activity: 658
Merit: 0
Empowering crypto w/ sustainable energy
There are so many interesting aspects to this project which catches attention easily. But I am particularly impressed that there are no plans of increasing the initial 10 million BTMX created, also the fact that 80% of revenue will go back to token holders. This is great!
For token holders 80% is huge amount but I didn't understand why they are paying this amount & how it's affordable for them? And till what token holders should be hold for minimum time?
member
Activity: 728
Merit: 10

very interesting concept. 80% of the daily fees go back to the users? That's really a lot. Do you think 20% is enough to keep you running?

80% truly does seem like a high amount to give but I want to believe that the team has done a great deal of thinking to come out with this strategy and keeping the system running is more important than any revenue share so probably that number will keep them running

In reality they don't need an excessive amount of profit to operate and from the discussions i've had with them they intend to be a pretty major exchange so even 20% is going to be a lot of cash at the end of the day i'd imagine

80% looks like a lot but once it is distributed every one will get a fair amount of reward, 20% will most likely be an okay amount of profit needed to run the exchange from their estimates.
full member
Activity: 546
Merit: 106
Bountyhive.io

very interesting concept. 80% of the daily fees go back to the users? That's really a lot. Do you think 20% is enough to keep you running?

80% truly does seem like a high amount to give but I want to believe that the team has done a great deal of thinking to come out with this strategy and keeping the system running is more important than any revenue share so probably that number will keep them running

In reality they don't need an excessive amount of profit to operate and from the discussions i've had with them they intend to be a pretty major exchange so even 20% is going to be a lot of cash at the end of the day i'd imagine
member
Activity: 672
Merit: 11
There are so many interesting aspects to this project which catches attention easily. But I am particularly impressed that there are no plans of increasing the initial 10 million BTMX created, also the fact that 80% of revenue will go back to token holders. This is great!

I don't think increasing the amount of tokens has been something that's a welcome development nor have i heard of projects implementing such after the initial release of their tokens in circulation, excess amount of tokens in circulation can be detrimental to a brand and in the case of bitmax, 10 million is quite considerable, considering the fact that their tokens has the potential of becoming highly sort after 

Yes, I agree Ace, that first statement doesn't sound right. You can't increase the token amount after the token generation/pre-mining.

I looked at the Whitepaper and I think where kinkadeinspired got confused is through transaction mining and pre-distribution, more tokens will be 'unlocked' daily as part of the transaction fee mining process. The more trading = more mining = more tokens unlocked.

So in a sense the tokens are released not created. Those tokens always existed however they just weren't available until they were mined.

Good clarification and i think the periodic unlocking of the tokens is really a nice idea, the bitmax team must have seen a lot of flaws in the industry and try to use such to their advantage, that's why a project has to be creative for them to stay relevant or outsmart their competitors,i keep going through their features and i must admit that they are loaded
copper member
Activity: 644
Merit: 1

very interesting concept. 80% of the daily fees go back to the users? That's really a lot. Do you think 20% is enough to keep you running?

80% truly does seem like a high amount to give but I want to believe that the team has done a great deal of thinking to come out with this strategy and keeping the system running is more important than any revenue share so probably that number will keep them running
member
Activity: 490
Merit: 10

Have you heard about the sweepstakes program? You can collect points through various actions and win cryptocurrencies. There is more information in this article
https://steemit.com/bitmax/@ganeshramk/bitmax-io-sweepstakes-program

I'm only surprised that the leaders in the ranking already have so many points

Do you think the current leadership score is kind of manipulated? Cos I really don't think so, I think it may have started sometime ago I mean the sweepstake program maybe someone from the team can address this

I have read about this campaign sometime back I am not sure if it is the same one or a new one. I think it was a month ago that I saw their posting in Reddit about the campaign so I am guessing it is the same one given the points you see.
jr. member
Activity: 448
Merit: 3

Have you heard about the sweepstakes program? You can collect points through various actions and win cryptocurrencies. There is more information in this article
https://steemit.com/bitmax/@ganeshramk/bitmax-io-sweepstakes-program

I'm only surprised that the leaders in the ranking already have so many points

Do you think the current leadership score is kind of manipulated? Cos I really don't think so, I think it may have started sometime ago I mean the sweepstake program maybe someone from the team can address this

It’s a tough time now. Giveaways like this are rare. But if you step up your trading on bitmax you could beat the top in the rank. Also, you’ll earn more points when you lookout for those tasks that earn you more points.
member
Activity: 728
Merit: 11
DocTailor IEO on Zloadr

Have you heard about the sweepstakes program? You can collect points through various actions and win cryptocurrencies. There is more information in this article
https://steemit.com/bitmax/@ganeshramk/bitmax-io-sweepstakes-program

I'm only surprised that the leaders in the ranking already have so many points

Do you think the current leadership score is kind of manipulated? Cos I really don't think so, I think it may have started sometime ago I mean the sweepstake program maybe someone from the team can address this
jr. member
Activity: 280
Merit: 1
BitMax token trading is open. BTMX is now trading at 4.45x in ETH from the referral program price.


Wow really? Why I missed those opportunity  Huh But I think it's not too late to have some BTMX now before it goes 10x from now. I think those lucky people before are celebrating their 4.45x now  Grin Wait for us we will join you soon.

That's good profit right there, wished I cut wind of these guys sooner.


You guys serious about this ? Its hard to believe because in last few months all tokens listed at discounted price. But Bitmax listed at 4+ times ?

Right, very few projects manages to list with profit. Bitmax kind of created record in this bear market. But they deserve it because of the project works.
jr. member
Activity: 238
Merit: 1
BitMax token trading is open. BTMX is now trading at 4.45x in ETH from the referral program price.


Wow really? Why I missed those opportunity  Huh But I think it's not too late to have some BTMX now before it goes 10x from now. I think those lucky people before are celebrating their 4.45x now  Grin Wait for us we will join you soon.

That's good profit right there, wished I cut wind of these guys sooner.


You guys serious about this ? Its hard to believe because in last few months all tokens listed at discounted price. But Bitmax listed at 4+ times ?
copper member
Activity: 224
Merit: 1
BitMax token trading is open. BTMX is now trading at 4.45x in ETH from the referral program price.


Wow really? Why I missed those opportunity  Huh But I think it's not too late to have some BTMX now before it goes 10x from now. I think those lucky people before are celebrating their 4.45x now  Grin Wait for us we will join you soon.

That's good profit right there, wished I cut wind of these guys sooner.
member
Activity: 630
Merit: 10
BitMax token trading is open. BTMX is now trading at 4.45x in ETH from the referral program price.


Wow really? Why I missed those opportunity  Huh But I think it's not too late to have some BTMX now before it goes 10x from now. I think those lucky people before are celebrating their 4.45x now  Grin Wait for us we will join you soon.
member
Activity: 532
Merit: 10

very interesting concept. 80% of the daily fees go back to the users? That's really a lot. Do you think 20% is enough to keep you running?

They must have done their analysis during the planning process before stating that. But still we all know that things change but hopefully they should be able to keep it running for a long while.
newbie
Activity: 392
Merit: 0
BitMax token trading is open. BTMX is now trading at 4.45x in ETH from the referral program price.


what do you mean trading at 4.45x in ETH? From what I am seeing it seem the price is the same what am I missing? You mean the price of BTMX token or ETH?
Sorry guy's for this question. But where is you seen the trading on this price? I didn't found it. Could you give me the link?
full member
Activity: 546
Merit: 106
Bountyhive.io
LOL just sign up and check, why do you need someone else to do it XD, it's a website can't expect people to do everything Tongue I'm pretty sure theyve said several times they are starting out quite light with the # of coins and will be adding to the number as time goes on and they find ones that are fitting of listing they don't want to be just full of crapcoins
full member
Activity: 994
Merit: 140

Have you heard about the sweepstakes program? You can collect points through various actions and win cryptocurrencies. There is more information in this article
https://steemit.com/bitmax/@ganeshramk/bitmax-io-sweepstakes-program

I'm only surprised that the leaders in the ranking already have so many points
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