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

[Getadaaa]

A causal cryptocurrency exchange listed on coinmarketcap would record over $100000 trade on a daily. Exchanges in the top ten like BitMax, Gemini, Coinbase Pro and Binance, records ~10% of the total trade volume. That’s a lot of profits for these exchanges if you do the maths right, and more profit (or loss) for the traders as well.
Exchanges are gone past being a marketplace, they encompass all aspects of trade facilitation. They have to be seen as one platform with a vital role in the ecosystem.

[1714643544]

1714643544

[1714643544]

1714643544

[1714643544]

1714643544

[1714643544]

1714643544

[Maebeo2017]

An article was released a few hours ago on the roles of cryptocurrency exchange on the digital asset ecosystem. I must confess that the article is worth every moment spent on reading it. It was, in fact, a write up by Shane Molidor the global head of business development of BitMax Exchange. The link is at the beginning of the thread, but for convenience, you can use this - https://steemit.com/bitmax/@cryptorani/how-important-exchange-role-in-digital-asset-ecosystem

I personally feel this article was to address some issues with $Deep tokens. I believe Shane did a good job with writing it the way he did. From the article one could deduce he is no longer working with them but have good thing to say about the exchange.

Its a shame that it has to go down the way it did with deepcloud, bitmax started pretty strong and i believe they want to stay that way, the issue has also brought bitmax to the front-line of "don't mess with me" kinda exchange, so any brand going into any sought of partnership with them should adhere by the rules of which they have created, so that both parties involve will excel

That's what situation like this got you to do. I mean you're calm and accommodating and all of sudden you seem like a target to be stepped upon. No way it's going to be business as usual with Bitmax moving forward. I love the new way of doing things.

[Nathan01]

A causal cryptocurrency exchange listed on coinmarketcap would record over $100000 trade on a daily. Exchanges in the top ten like BitMax, Gemini, Coinbase Pro and Binance, records ~10% of the total trade volume. That’s a lot of profits for these exchanges if you do the maths right, and more profit (or loss) for the traders as well.
Exchanges are gone past being a marketplace, they encompass all aspects of trade facilitation. They have to be seen as one platform with a vital role in the ecosystem.

The life of the entirety of the crypto market have always been dependent on the exchange outlook. Have always been, I don't think it will change in a very long time from now. So therefore transparency and fair play is non-negotiable for exchange to achieve and adopt fully as an integral part of the system.

[Ace44]

A causal cryptocurrency exchange listed on coinmarketcap would record over $100000 trade on a daily. Exchanges in the top ten like BitMax, Gemini, Coinbase Pro and Binance, records ~10% of the total trade volume. That’s a lot of profits for these exchanges if you do the maths right, and more profit (or loss) for the traders as well.
Exchanges are gone past being a marketplace, they encompass all aspects of trade facilitation. They have to be seen as one platform with a vital role in the ecosystem.

You're right, they are more or less like a multi-million dollar industry which indicates a positive signal and how the growth of the blockchain industry can turn from nothing into something profitable, that's the more reason why the globe should come in and accept the industry because of lot of innovations that can revolutionize the world can occur in the shortest duration with blockchain

[Lizz000007]

Bitmax seems to be doing pretty fine now. They seem to have sort out their differences and come to a resolution. I would be looking forward to a better exchange and more cleaner way of doing business.

Yeah. It's better that way. At least everything gets back to normal and normal activities continues.

Well, they are trying to build a standard platform so it becomes imperative that they ensure fairness and transparency in their business conduct.

Transparency should be the backbone of any crypto project as that is the whole essence of blockchain, much so when it comes to dealing with an exchange that handles people's money.

That is true, transparency will play a major role in the success of bitmap.io exchange. And by doing this exchange will be one step ahead of their other competitors.

well yeah i have notice from the start ,that bitmax is maintaining a clearness in their work and making aware to the people whats the status of the work which is a good part .

[ning_aric]

A causal cryptocurrency exchange listed on coinmarketcap would record over $100000 trade on a daily. Exchanges in the top ten like BitMax, Gemini, Coinbase Pro and Binance, records ~10% of the total trade volume. That’s a lot of profits for these exchanges if you do the maths right, and more profit (or loss) for the traders as well.
Exchanges are gone past being a marketplace, they encompass all aspects of trade facilitation. They have to be seen as one platform with a vital role in the ecosystem.

You're right, they are more or less like a multi-million dollar industry which indicates a positive signal and how the growth of the blockchain industry can turn from nothing into something profitable, that's the more reason why the globe should come in and accept the industry because of lot of innovations that can revolutionize the world can occur in the shortest duration with blockchain

I think the cryptocurrency world  has come a long way, and with every step of it has been exchanges, doing what they do best which is providing liquidity for cryptocurrencies and a portal for newbies to buy crypto. BitMax is playing an exemplary role, decisions on BitMax are made by the community. And they seem to be transparent with every action.

[Nathan01]

Hey is it possible that Bitmax could build a decentralized wallet separate from its main exchange platform. Maybe that could make more effective the transparency they have been striving about and give them some credibility.

[em777]

Hey is it possible that Bitmax could build a decentralized wallet separate from its main exchange platform. Maybe that could make more effective the transparency they have been striving about and give them some credibility.

I really don't know how that will ensure credibility but I feel they can do more by vetting every project thoroughly before getting them listed on their platform

[Leo1190]

Hey is it possible that Bitmax could build a decentralized wallet separate from its main exchange platform. Maybe that could make more effective the transparency they have been striving about and give them some credibility.

I really don't know how that will ensure credibility but I feel they can do more by vetting every project thoroughly before getting them listed on their platform

I guess exchange comes with their own wallet so is there any need for separate wallet? But as far as transparency is concerned you raised a good point.

[jumiapaul]

An article was released a few hours ago on the roles of cryptocurrency exchange on the digital asset ecosystem. I must confess that the article is worth every moment spent on reading it. It was, in fact, a write up by Shane Molidor the global head of business development of BitMax Exchange. The link is at the beginning of the thread, but for convenience, you can use this - https://steemit.com/bitmax/@cryptorani/how-important-exchange-role-in-digital-asset-ecosystem

I personally feel this article was to address some issues with $Deep tokens. I believe Shane did a good job with writing it the way he did. From the article one could deduce he is no longer working with them but have good thing to say about the exchange.

I understand your point, the article is more like an indirect way of letting the reader know the responsibilities of every party which is involved in the process. It addresses the responsibilities of the liquidity specialist, the exchange platform and the relationship between these two players in ensuring that the exchange activity is smooth.

[Mrcharles]

An article was released a few hours ago on the roles of cryptocurrency exchange on the digital asset ecosystem. I must confess that the article is worth every moment spent on reading it. It was, in fact, a write up by Shane Molidor the global head of business development of BitMax Exchange. The link is at the beginning of the thread, but for convenience, you can use this - https://steemit.com/bitmax/@cryptorani/how-important-exchange-role-in-digital-asset-ecosystem

I personally feel this article was to address some issues with $Deep tokens. I believe Shane did a good job with writing it the way he did. From the article one could deduce he is no longer working with them but have good thing to say about the exchange.

Its a shame that it has to go down the way it did with deepcloud, bitmax started pretty strong and i believe they want to stay that way, the issue has also brought bitmax to the front-line of "don't mess with me" kinda exchange, so any brand going into any sought of partnership with them should adhere by the rules of which they have created, so that both parties involve will excel

In my opinion, that's the best way to go about it. I have a strong conviction that if every cryptocurrency exchange requires the upcoming projects to adhere to strict requirements, it would assist in sieving out many scam projects and give the cryptocurrency industry a better chance to reclaim her lost reputation. Its an agreeable fact that scam projects always want the easy way out since they are not up for long term.

[Getadaaa]

If you’re a newbie to cryptocurrency trading or development, I’ll refer you to BitMax because you’ll stand a better chance of not being rekted. That’s because BitMax team seems to be transparent. I think people need to read the latest blog from Shane and learn about liquidity experts.

[Ace44]

An article was released a few hours ago on the roles of cryptocurrency exchange on the digital asset ecosystem. I must confess that the article is worth every moment spent on reading it. It was, in fact, a write up by Shane Molidor the global head of business development of BitMax Exchange. The link is at the beginning of the thread, but for convenience, you can use this - https://steemit.com/bitmax/@cryptorani/how-important-exchange-role-in-digital-asset-ecosystem

I personally feel this article was to address some issues with $Deep tokens. I believe Shane did a good job with writing it the way he did. From the article one could deduce he is no longer working with them but have good thing to say about the exchange.

Its a shame that it has to go down the way it did with deepcloud, bitmax started pretty strong and i believe they want to stay that way, the issue has also brought bitmax to the front-line of "don't mess with me" kinda exchange, so any brand going into any sought of partnership with them should adhere by the rules of which they have created, so that both parties involve will excel

In my opinion, that's the best way to go about it. I have a strong conviction that if every cryptocurrency exchange requires the upcoming projects to adhere to strict requirements, it would assist in sieving out many scam projects and give the cryptocurrency industry a better chance to reclaim her lost reputation. Its an agreeable fact that scam projects always want the easy way out since they are not up for long term.

You're right and i do agree with on the lost reputation thing, the industry has been affected deeply by bad folks, the repercussion is what we are seeing today, imagine what would have become of the industry if rules has been strictly adhered to, i believe by now many would have been smiling to the bank but tomorrow will be better and i hope to see the industry in a better place  

[Nathan01]

Hey is it possible that Bitmax could build a decentralized wallet separate from its main exchange platform. Maybe that could make more effective the transparency they have been striving about and give them some credibility.

I really don't know how that will ensure credibility but I feel they can do more by vetting every project thoroughly before getting them listed on their platform

BitMax is running a centralized system which explains why people still have some forms of doubt with the system and it's totally possible to have a decentralized wallet combined with the exchange. Some top exchange already doing this.

[Maebeo2017]

Hey is it possible that Bitmax could build a decentralized wallet separate from its main exchange platform. Maybe that could make more effective the transparency they have been striving about and give them some credibility.

I really don't know how that will ensure credibility but I feel they can do more by vetting every project thoroughly before getting them listed on their platform

I guess exchange comes with their own wallet so is there any need for separate wallet? But as far as transparency is concerned you raised a good point.

Yeah I quite agree with Nathan here and Em777 raised also good points but causing decentralization in the system may destabilize a whole lot.

[Ace44]

A causal cryptocurrency exchange listed on coinmarketcap would record over $100000 trade on a daily. Exchanges in the top ten like BitMax, Gemini, Coinbase Pro and Binance, records ~10% of the total trade volume. That’s a lot of profits for these exchanges if you do the maths right, and more profit (or loss) for the traders as well.
Exchanges are gone past being a marketplace, they encompass all aspects of trade facilitation. They have to be seen as one platform with a vital role in the ecosystem.

You're right, they are more or less like a multi-million dollar industry which indicates a positive signal and how the growth of the blockchain industry can turn from nothing into something profitable, that's the more reason why the globe should come in and accept the industry because of lot of innovations that can revolutionize the world can occur in the shortest duration with blockchain

I think the cryptocurrency world  has come a long way, and with every step of it has been exchanges, doing what they do best which is providing liquidity for cryptocurrencies and a portal for newbies to buy crypto. BitMax is playing an exemplary role, decisions on BitMax are made by the community. And they seem to be transparent with every action.

It has indeed come a long way but a lot of implementation still needs to be done and the expectation of the community has been a bit reduced from the previous years be that as it may, it will take the full support of the community and the coming in of vibrant projects to turn the situation around, i'm a big fan of this industry because it tends to breakdown a lot of bureaucratic process

[Anilbg]

Hey is it possible that Bitmax could build a decentralized wallet separate from its main exchange platform. Maybe that could make more effective the transparency they have been striving about and give them some credibility.

I really don't know how that will ensure credibility but I feel they can do more by vetting every project thoroughly before getting them listed on their platform

I guess exchange comes with their own wallet so is there any need for separate wallet? But as far as transparency is concerned you raised a good point.

Yeah I quite agree with Nathan here and Em777 raised also good points but causing decentralization in the system may destabilize a whole lot.

What I understand is that token supply is the main issue with most of the scam/unfriendly projects. If the project is listed at one exchange then that exchange can keep watch on supply, but what if project is listed at multiple exchanges then how to track that ?

[Leo1190]

If you’re a newbie to cryptocurrency trading or development, I’ll refer you to BitMax because you’ll stand a better chance of not being rekted. That’s because BitMax team seems to be transparent. I think people need to read the latest blog from Shane and learn about liquidity experts.

I have read the recent  blog from Shane about Bitmax and yes he explained Bitmax it well and also how a exchange should be. And I totally agree with with your point that it will be suitable for newcomers as I'm also one of them.

[jumiapaul]

If you’re a newbie to cryptocurrency trading or development, I’ll refer you to BitMax because you’ll stand a better chance of not being rekted. That’s because BitMax team seems to be transparent. I think people need to read the latest blog from Shane and learn about liquidity experts.

I agree with you, the exchange platform has been faithful in showcasing to the world their attribute of transparency and this has built up trust in the exchange over the years. I would personally refer anyone that needs a trust worthy platform to BitMax exchange because they have all it takes to give all users optimum satisfaction.

[Mrcharles]

Hey is it possible that Bitmax could build a decentralized wallet separate from its main exchange platform. Maybe that could make more effective the transparency they have been striving about and give them some credibility.

I really don't know how that will ensure credibility but I feel they can do more by vetting every project thoroughly before getting them listed on their platform

I guess exchange comes with their own wallet so is there any need for separate wallet? But as far as transparency is concerned you raised a good point.

Yeah I quite agree with Nathan here and Em777 raised also good points but causing decentralization in the system may destabilize a whole lot.

What I understand is that token supply is the main issue with most of the scam/unfriendly projects. If the project is listed at one exchange then that exchange can keep watch on supply, but what if project is listed at multiple exchanges then how to track that ?

When the project is listed on several exchanges and all the exchange has a structured process in ensuring that the circulating supply is checkmated, then it would be possible to address the issues since a report could be sent from one exchange to another to verify the amount of tokens in their coffers. But the issue is that we have much more scam exchange who are after their own purse and would easily compromise for their personal benefit.