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

[RyCriptoC]

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?

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[Ace44]

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 

[cryptossi]

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.

[Getadaaa]

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.

[ethtrader16]

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.

[zulu99]

You can see trading volume here:

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

[Zombie259]

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?

[em777]

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

[ibininja]

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?

[Nathan01]

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

[faulerwilli]

Have you heard about the sweepstakes program? You can collect points through various actions and win cryptocurrencies. There is more information in this article
https://steemit.com/bitmax/@ganeshramk/bitmax-io-sweepstakes-program

I'm only surprised that the leaders in the ranking already have so many points

[phantam]

LOL just sign up and check, why do you need someone else to do it XD, it's a website can't expect people to do everything I'm pretty sure theyve said several times they are starting out quite light with the # of coins and will be adding to the number as time goes on and they find ones that are fitting of listing they don't want to be just full of crapcoins

[ctrades31]

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?

Sorry guy's for this question. But where is you seen the trading on this price? I didn't found it. Could you give me the link?

[Owillz]

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?

They must have done their analysis during the planning process before stating that. But still we all know that things change but hopefully they should be able to keep it running for a long while.

[AngelJoshua]

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

Wow really? Why I missed those opportunity  But I think it's not too late to have some BTMX now before it goes 10x from now. I think those lucky people before are celebrating their 4.45x now  Wait for us we will join you soon.

[Cnote112]

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

Wow really? Why I missed those opportunity   But I think it's not too late to have some BTMX now before it goes 10x from now. I think those lucky people before are celebrating their 4.45x now   Wait for us we will join you soon.

That's good profit right there, wished I cut wind of these guys sooner.

[RyCriptoC]

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

Wow really? Why I missed those opportunity   But I think it's not too late to have some BTMX now before it goes 10x from now. I think those lucky people before are celebrating their 4.45x now   Wait for us we will join you soon.

That's good profit right there, wished I cut wind of these guys sooner.

You guys serious about this ? Its hard to believe because in last few months all tokens listed at discounted price. But Bitmax listed at 4+ times ?

[chan001]

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

Wow really? Why I missed those opportunity   But I think it's not too late to have some BTMX now before it goes 10x from now. I think those lucky people before are celebrating their 4.45x now   Wait for us we will join you soon.

That's good profit right there, wished I cut wind of these guys sooner.

You guys serious about this ? Its hard to believe because in last few months all tokens listed at discounted price. But Bitmax listed at 4+ times ?

Right, very few projects manages to list with profit. Bitmax kind of created record in this bear market. But they deserve it because of the project works.

[Nathan01]

Have you heard about the sweepstakes program? You can collect points through various actions and win cryptocurrencies. There is more information in this article
https://steemit.com/bitmax/@ganeshramk/bitmax-io-sweepstakes-program

I'm only surprised that the leaders in the ranking already have so many points

Do you think the current leadership score is kind of manipulated? Cos I really don't think so, I think it may have started sometime ago I mean the sweepstake program maybe someone from the team can address this

[Getadaaa]

Have you heard about the sweepstakes program? You can collect points through various actions and win cryptocurrencies. There is more information in this article
https://steemit.com/bitmax/@ganeshramk/bitmax-io-sweepstakes-program

I'm only surprised that the leaders in the ranking already have so many points

Do you think the current leadership score is kind of manipulated? Cos I really don't think so, I think it may have started sometime ago I mean the sweepstake program maybe someone from the team can address this

It’s a tough time now. Giveaways like this are rare. But if you step up your trading on bitmax you could beat the top in the rank. Also, you’ll earn more points when you lookout for those tasks that earn you more points.