BitMax.io is a global operator of innovative digital asset trading platform with a broad range of products and services for global retail and institutional clients. With its relentless focus on transparency, reliability, and quality of execution and client services, BitMax.io has established itself as a clear leader in the crypto-trading and exchange space.
The project’s roadmap has numerous user-friendly features, trader-focused services, and investment-grade solutions that can be used by crypto-enthusiasts of all types. One of these, an innovative mining solution, will be launched, and first phase public testing of mining activities will go live on BitMax.io platform on November 1st, 12 am EST.
About BitMax.io’s Mining
Leveraging their quant trading background and deep knowledge of the capital market, the team is working on introducing the transaction-fee based “Trans-Fee Mining” model that would distribute back the transaction fees to traders in the form of the exchange’s own token. The more traders trade, the more tokens they will receive, hence the term “transaction mining.” Furthermore, the team introduces specific incentive structure for market maker trades, the type of trading behavior adding liquidity to the exchange.
This development has the potential to revolutionize crypto trade and exchange.
Trading on Traditional Exchanges
Traditional exchanges charge different rates from both makers and takers for using their platform, with both parties being deducted anywhere between 0.2% and 0.05% or so for each trade executed. This means that the more you trade, the more you pay to the exchange in transaction fees.
Many big exchanges have profited heavily by following such models, but BitMax.io is bringing about a paradigm shift by making it easier for investors and private individuals to benefit from crypto trade and investment.
With the trans-fee-mining model,