🔵🔵🔵 [ANN] BitMax.io Transaction Mining & Reverse-Mining ⚡️⚡️⚡️ - page 47.

Nathan01

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DocTailor IEO on Zloadr

Quote from: Ace44 on November 10, 2018, 05:46:42 AM

Quote from: em777 on November 09, 2018, 04:37:33 PM

first of all, i like the project i feel it gonna be a really awesome project but what i don't get is the mining process from what i gather the user will pay a certain token then they would receive an equivalent market value of BTMX how is that.

When trading, a certain percentage of fee is been deducted from traders and most exchange have made massive profits just from the fees, now bitmax is taking that away by creating a process were users will actually be rewarded by just trading, rewarded with the BTMX tokens, such will make the exchange attractive and yea, it will add value to the token

I really haven't come across any exchange practicing this type of promotion anytime
This is innovative and very much commendable, I think it's profitable using this exchange, the only down side is the fact that there are few projects listed there

ibininja

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Activity: 490

Merit: 10

Quote from: shewasfourteen on November 11, 2018, 04:09:01 AM

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?

em777

jr. member

Activity: 574

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when you are fed up transfer your crypto to me

Quote from: Zombie259 on November 11, 2018, 12:19:05 PM

Quote from: zulu99 on November 11, 2018, 10:57:13 AM

You can see trading volume here:

https://www.coingecko.com/en/exchanges/bitmax

Oh, nice trading volume for a new exchange.Thanks for sharing the link. The BTMX token has also good volume. What was the ICO price for BTMX?

i don't have any information about that either it's like they just went straight to business i will do some searching to verify. i think their telegram channel will be a good start Wink

Zombie259

member

Activity: 420

Merit: 11

Quote from: zulu99 on November 11, 2018, 10:57:13 AM

You can see trading volume here:

https://www.coingecko.com/en/exchanges/bitmax

Oh, nice trading volume for a new exchange.Thanks for sharing the link. The BTMX token has also good volume. What was the ICO price for BTMX?

zulu99

newbie

Activity: 33

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You can see trading volume here:

https://www.coingecko.com/en/exchanges/bitmax

ethtrader16

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Empowering crypto w/ sustainable energy

Quote from: Getadaaa on November 11, 2018, 07:00:04 AM

Quote from: shewasfourteen on November 11, 2018, 04:09:01 AM

BitMax token trading is open. BTMX is now trading at 4.45x in ETH from the referral program price.

That’s amazing. Thumbs up to the team. Very few exchange tokens keep a good rate on trading. I guess Mining is open too. Time to get more BTMX tokens by mining by trading.
I also l like the trading pair available, USDT and BTC are strong trading pair. It’s been a great choice by team.
It gets more difficult to Mining more tokens, so make an early start.

That's really great news buddy. But what is the trading volume on their platform? Because still I cannot see bitmax on CMC. As I know to be listed on CMC exchange or tokens should be have at least 50k USD 24 hours trading volume.

Getadaaa

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Activity: 448

Merit: 3

Quote from: shewasfourteen on November 11, 2018, 04:09:01 AM

BitMax token trading is open. BTMX is now trading at 4.45x in ETH from the referral program price.

That’s amazing. Thumbs up to the team. Very few exchange tokens keep a good rate on trading. I guess Mining is open too. Time to get more BTMX tokens by mining by trading.
I also l like the trading pair available, USDT and BTC are strong trading pair. It’s been a great choice by team.
It gets more difficult to Mining more tokens, so make an early start.

cryptossi

full member

Activity: 504

Merit: 106

★Bitvest.io★ Play Plinko or Invest!

Quote from: Ace44 on November 11, 2018, 05:57:52 AM

Quote from: Kinkadeinspired on November 10, 2018, 08:48:50 AM

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.

Ace44

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Activity: 672

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Quote from: Kinkadeinspired on November 10, 2018, 08:48:50 AM

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

RyCriptoC

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Activity: 238

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Quote from: gee777 on November 10, 2018, 11:59:07 PM

Quote from: AngelJoshua on November 10, 2018, 11:28:57 PM

Quote from: chan001 on November 09, 2018, 11:44:54 PM

Quote from: AngelJoshua on November 09, 2018, 11:32:07 PM

I thought bitmax will going to focus only on their exchange but it's great to know that they will going to extend their services on different level. Will going to wait for more about about it.

Most of the information is available at their website. At this platform they have just started, but it seems the team is working on project since long time.

Yeah, I saw that they already have a fully operational exchange and they already announced some additional updates about it and it's really good. We must keep an eye on this project.

I checked their twitter and saw that they just launched the exchange recently but it is difficult finding out how many tokens they have listed on the exchange.

Oh, so we have to open account at Bitmax exchange to know the details of trading pairs available? Anyone have opened account at Bitmax?

shewasfourteen

sr. member

Activity: 686

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BitMax token trading is open. BTMX is now trading at 4.45x in ETH from the referral program price.

gee777

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Quote from: AngelJoshua on November 10, 2018, 11:28:57 PM

Quote from: chan001 on November 09, 2018, 11:44:54 PM

Quote from: AngelJoshua on November 09, 2018, 11:32:07 PM

I thought bitmax will going to focus only on their exchange but it's great to know that they will going to extend their services on different level. Will going to wait for more about about it.

Most of the information is available at their website. At this platform they have just started, but it seems the team is working on project since long time.

Yeah, I saw that they already have a fully operational exchange and they already announced some additional updates about it and it's really good. We must keep an eye on this project.

I checked their twitter and saw that they just launched the exchange recently but it is difficult finding out how many tokens they have listed on the exchange.

AngelJoshua

member

Activity: 630

Merit: 10

Quote from: chan001 on November 09, 2018, 11:44:54 PM

Quote from: AngelJoshua on November 09, 2018, 11:32:07 PM

I thought bitmax will going to focus only on their exchange but it's great to know that they will going to extend their services on different level. Will going to wait for more about about it.

Most of the information is available at their website. At this platform they have just started, but it seems the team is working on project since long time.

Yeah, I saw that they already have a fully operational exchange and they already announced some additional updates about it and it's really good. We must keep an eye on this project.

a14m

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Activity: 307

Merit: 250

this shit gonna moon so hard 🚀🚀🚀🌚🌚🌚

phantam

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Activity: 546

Merit: 106

Bountyhive.io

Quote from: Getadaaa on November 10, 2018, 03:56:56 PM

Quote from: faulerwilli on November 10, 2018, 11:40:04 AM

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% of the fees !!! That’s a lot. If it’s coming back by doing some tasks like mining to keep the system safe, then it works for me. I guess is a great idea and the first exchange to do so.
I’ll like to see how this works. But first I’ll get an account with bitmax. How long does it take to get past KYC on Bitmax.

It’s a smart way to insure people are holding the bmax tokens are in high demand as people will want to take advantage of that much of a payment for holding the tokens as that’s a lot of dividend payments possible as volume on the exchange starts to build

Getadaaa

jr. member

Activity: 448

Merit: 3

Quote from: faulerwilli on November 10, 2018, 11:40:04 AM

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% of the fees !!! That’s a lot. If it’s coming back by doing some tasks like mining to keep the system safe, then it works for me. I guess is a great idea and the first exchange to do so.
I’ll like to see how this works. But first I’ll get an account with bitmax. How long does it take to get past KYC on Bitmax.

faulerwilli

full member

Activity: 994

Merit: 140

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?

Kinkadeinspired

copper member

Activity: 644

Merit: 1

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!

Ace44

member

Activity: 672

Merit: 11

Quote from: em777 on November 09, 2018, 04:37:33 PM

first of all, i like the project i feel it gonna be a really awesome project but what i don't get is the mining process from what i gather the user will pay a certain token then they would receive an equivalent market value of BTMX how is that.

When trading, a certain percentage of fee is been deducted from traders and most exchange have made massive profits just from the fees, now bitmax is taking that away by creating a process were users will actually be rewarded by just trading, rewarded with the BTMX tokens, such will make the exchange attractive and yea, it will add value to the token

CrypticBabe

jr. member

Activity: 420

Merit: 2

well they really have something interesting in their exchange to catch eyes of Traders!
they planned out whole process of distributed and also the problem that might cost if so many tokens released in market and their prevention to that is indeed deserves a Clap! good job with the whole plan!

Topic: 🔵🔵🔵 [ANN] BitMax.io Transaction Mining & Reverse-Mining ⚡️⚡️⚡️ - page 47. (Read 39421 times)