I've been a fan of blockchain technology since well... forever, so much that when Kraken was introduced to the world in 2011 i was right there at the door. i joined in but there were certain details that always held me back from going all the way in, the biggest reason was security; centralized crypto exchanges require that you give up a lot of sensitive information; bank account details, home addresses - sure this might make my experience a little better but where's my privacy? Where's my security! All these were genuine concerns to me - until a friend of mine introduced me to Bitmax - a blockchain based digital asset trading platform that makes it possible for the community alone to govern and control the entire ecosystem and in a decentralized manner. Sounds cool right? That's what i thought.
Here's a link to the company's whitepaper
Note: following this link but will take you away from this page
*Be warned, although the platform is designed to serve the everyday user the whitepaper is geeky.
No worries though - keep reading to find out more on why you shouldn't just participate in the company's private sale, you need to start trading with Bitmax ASAP.
Bitmax offers everything other cryptocurrency exchanges cannot.
Centralized exchanges like Binance, Coinbase, bittrex and Kraken function almost similarly to the conventional stock and brokerage markets, meaning they were created and are controlled by people or - and organizations that control all the transactions that occur on the platform, this 'middleman' situation means the customers don't have access to their account wallet's private keys and are eligible to pay trading fees. Bitmax goes a different route, the route i believe Satoshi Nakamoto was going for when he introduced bitcoin & blockchain to the world, a route where the exchange matches the people that hope to sell or buy each other's digital tokens.
Because of its decentralized nature, Bitmax also creates a better more secure ecosystem for their users as it doesn't ask them to give up sensitive info to participate in the trading platform. The users’ cryptocurrencies safety is guaranteed, this is because bitmax doesn't hold cryptocurrency for the users, users are connected directly to each other.
Even though these systems are already in place, bitmax has also invested a lot to ensure the highest security standards are met, with multi-level firewalls to watch over the platform and all the data processing. An expert security team will also be on hand to review all the code before the system goes live to ensure there are no loopholes that can be targeted by hackers. Remember coin check? The company that lost $533 million dollars to hackers, in the biggest hack in the history of technology, bitmax has in place all the protocols to make sure the platform is safe for all its users.
Bitmax is also pioneering a new way of incentivizing its users through its trading & mining mechanism and its distribution program. Both strategies allow users to get some BMAX (bitmax's ERC 20 token coin) every time they participate with the platform. The first one allows the user to get 100% of the value of BMAX they generate through their transaction mining effort, while the second, allows users to get up to 80% in dividends just for holding on to the BMAX.
This strategy is part of what makes Bitmax so participative and collaborative.
Another reason why you should consider trading with bitmax is because of its autonomous nature, see if you decide to trade on centralized exchanges you will realize that that they are not only expensive in the long run, their terms and conditions are crazy, can't blame them though - their centralized nature means they have to be licensed and regulated by government institutions, Bitmax is completely decentralized meaning the community runs everything on platform completely bypassing the government and other regulatory institutions. All community members have voter rights and can decide on important decisions like project voting, transaction mining, who will be participating in the mining pool basically all the important decisions that govern any decentralized ecosystem.
We saw it in the financial crisis of 2008, the importance of liquidity - without it bankruptcy is inevitable, bitmax understands this, it also understands that liquidity makes it much simpler for people to trade with the platform which is why people have traditionally preferred centralized exchanges, this is because liquidity allows users to follow to direction of the crowd to predict trends regarding a particular currency, this is why bitmax will be partnering up with capital & investment funds, local and foreign miners and all the key players in the trading fund market.
Even though bitmax will be launch just supporting spot trading, with time the platform will start supporting other trading contracts such as margin lending, margin trading and other account balance management services.
Learning more about the team behind Bitmax.
Bitmax has a very reliable team behind it. The founder and CEO, George Cao, is currently the chief investment officer of Delpha Capital Management LLC, an asset and wealth management firm based in the United States, that gives portfolio management services as well as investment advice, he is also the co-founder of Baishi investment, a medical and technology-focused venture capital firm capping off his list of important roles.
Mr. Cao is also one of the 12 directors behind the largest Chinese financial organization in the United stated, TCFA and the only Chinese member inside the Upper 90, an investment club that has 30 elite members from all over the world. His skills and experience will come in handy for Bitmax, because they allow him to predict where the market will be going, establish key partnerships the company will need. His leadership skills also make him the perfect person to manage the overall company resources and operations and make important major corporate decisions. Mr. Cao has a bachelor’s Degree in Computer science from the University of science and technology of China and a Ph.D. from the University of Chicago.
Ariel Ling, the co-founder of Bitmax is also ripe with achievements, she was the director of mobile investment products and head of business development at Commerzbank AG, a leading international commercial bank as well as the founder of Commerz Markets, A United States based brokerage trading company. She was also the COO of Lehman Brothers, which was a global financial services firm. Ariel Ling holds a Master's Degree from the University of Georgia majoring in Mass Communication and an MBA from NYU. Her skills are important especially when it comes to making strategic and financial decisions, which include financial planning, management of financial risks and financial reporting.
Concluding the founding team is Han Liu, the Chief Technology Officer, who managed over $200 billion dollars assets under management with regards to commodities, interest rate products and fixed income. He was also part of a portfolio implementation engineering team at a top hedge fund. With regards to education, Han Liu holds a bachelor's degree in computer science from the Carnegie Mellon University, one of the top research universities in the world. Did you know James Gosling went to CMU? For those who don't know him, he was the founder of the Java programming language.
Their Advisory team is also just as good: the Notable person being Jeffrey Wernick who was one of the first people to ever invest in Bitcoin, back in 2009, he was also one of the early investors behind some of the most successful unicorns today namely Uber and Airbnb.
Details regarding the Private Sale and the BITMAX EXCHANGE.
*Please note - Bitmax will only be distributing its token through a private sale and through transaction fee mining rewards.
According to the Exchange Announcement
BitMax.io will distribute the BMAX purchased during the pre-distribution round based on the following mechanisms:
10% of the private sales portion (Pre-release) will be unlocked within 24 hours after the BMAX token launch.
1/24 of the 10% BMAX will be released each hour over a 24h span.
The rest of the pre-distribution tokens will be unlocked based on the daily mining production output
The company launched its new website on August 10th, 2018, which allowed users to register, deposit and make withdrawals with support of the following coins BTC, BCH, ETH, LTC, USDT, IOST, LBA, LFT, OLT, SEELE, ZIL
Bitmax will also be offering trading pairs after their launch which will include these ones- BCH/BTC, ETH/BTC, LTC/BTC, IOST/BTC, LBA/BTC, LFT/BTC, OLT/BTC, SEELE/BTC, ZIL/BTC, BCH/ETH, LTC/ETH, IOST/ETH, LBA/ETH, LFT/ETH, OLT/ETH, SEELE/ETH, ZIL/ETH, BTC/USDT, ETH/USDT.
Additional Information/Resources.
Do you want to whet your knowledge on Bitmax, you can use the following links;
To find out more information regarding the company that and everything planned on their
roadmap here
You can also go through the Bitmax's officially issued whitepaper here
You can also follow and engage with the company's social media channels here:
The BitMax Exchange
Join their Website
Follow on Twitter
Follow on Telegram
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Disclaimer: This Blog is my own View and should not be taken as a financial advise by any means. Like in every other Investments opportunities, Please Do Your Own Research (DYOR)
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