BitMax will be building a digital-asset trading platform with decentralized community-based autonomous capabilities.
BitMax combines the Proof of Work (PoW) and the Proof of Stake (PoS) consensus mechanisms to return 100% of the user’s fee to share in order to build its community and autonomous blockchain ecosystems as well as sharing benefits and democratizing important functions such as mining pool maintenance and token listings.
A New Type of Exchange 🌠
BitMax has progressed from having a centralized hierarchal structure to the current model- a decentralized community-based distributed autonomous system. This has been made possible largely due to the distribution of production output.
The decentralized autonomous system allows user participation and no users are required to engage in the completion of some tasks such as voting, maintenance, and construction of mining pool. The tasks are further collaborative as users can help each other for completion for value adding and common objectives. By incentivizing participation and co-operation users are able to share the benefits as they earn- BitMax will return 100% of the users transaction costs due to their combined consensus algorithms.
Platform Strengths 🏋
➳Market Liquidity
The majority of decentralized exchanges will often have this issue of liquidity- where a large number of funds are inaccessible as a result of the excess amount of withdrawals against deposits, which often leads to an exit scam strategy and vanish, never to be found.
The problem is based on the amount of liquid in the platform that allows for a smooth operation. BitMax will be collaborating with some domestic and foreign miners, investment and major trading funds to allow for trading on the BitMax platform: thus resulting in a substantial liquidity increase and allowing for maximum user positive trading experience.
➳Security
It’s a universally known fact within the crypto-sphere that many centralized exchanges are prone to hacks and other forms of security breaches- often leading to stolen funds and loss of sensitive personal information. A highly renowned security firm was in charge of designing the BitMax security management system.
A subsequent review of the code and exchange architecture was performed by industry professionals, multilevel firewalls will be installed- for the real-time monitoring of system data. Requirements for multi-signatures and the use of both hot and cold wallets will be required to secure digital assets. With this emphasis on the security architecture, the chances of any system compromises or anything similar has been massively reduced.
Token Appreciation 💹
The token name of the project is BMAX. It will be based on the Ethereum protocol and run as an ERC-20 token. BMAX holders will be responsible for the platform’s distribution, voting and voting decision rights.
BMAX can be obtained through Trading Mining, which allows the user to trade the mining output BMAX and all of the user transaction fee will be converted into the same value of BMAX, to be returned to the user. Trading pairs of BMAX/BTC and BMAX/ETH will be made available.
BitMax has positioned themselves to be able to have a truly meaningful impact on the cryptocurrency and blockchain industries. With a robust platform, having undergone strenuous tests and a highly qualified team, BitMax should be in prime position to achieve their goals of revolutionizing the way cryptocurrency is traded.
Disclaimer: Please only take this information as my OWN opinion and should not be regarded as financial advise in any situation. Please remember to DYOR before making any decisions 🤓
♂️ Hi, my name’s Sal.
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