Our One-minute Digest

Nov 21 – Nov 27, 2020

 

Platform Update

  • Currently listed a total of 155 tokens with the product offering BTMX Investment Multiple Card, Airdrop Multiple Card, Staking Service, BTMX Investment, etc. for potentially higher rewards.

 

Latest Listing

  • Nov 23- Listed Wootrade (WOO) under the trading pair of WOO/USDT. Wootrade is a layer one trading infrastructure with deep liquidity, frontend trading GUI, and the ability to integrate into any exchange, trading desk, wallet, dApp, or other trading-related platforms. 

 

Activity in Spotlight

  • "VIP Boost" Program underway: users who submit the screenshots of their VIP info on other platforms (30-day trading volume) will be eligible for the "VIP +1" level on BitMax.io for 30 days.
  • The first "Margin Master" Trading Contest was successfully concluded. Stay tuned for the second contest for more prizes. The two-time champion gets to win an iPhone 12 Pro Max!
  • Join Thanksgiving special activity to win 5 USDT in tokens:

- Pick random letters from "Happy Thanksgiving Day."

- Form tickers of at least FIVE listed tokens on Bitmax.io.

- 20 lucky winners will each receive 5 USDT worth of token rewards.

 

DeFi Project Highlights

  • PlotX (PLOT): join PlotX Staking to earn dual token rewards with 40% est. APR.
  • Wootrade (WOO): stake WOO to earn 1365% est. APR; stake continuously to get up to 40% est. annualized reward bonus.

 

BitMax Ecosystem

  • Distribution Pool: 2,317,435 USDT
  • Total Est. Daily Profit/1MM BTMX This Week: 161 USDT
  • Diverse global communities with 69,728 users from Korea, Russia, India, Turkey, Vietnam, Italy, Japan, Spain, etc., up by 3,049 over last week.

 

Social Media Matrix

BitMax Official Twitter Account 55,793 followers.

 

 

Learn with Us - 25X Leverage for Margin Trading

 

BitMax.io now supports up to 25X leverage for BTC, ETH, and USDT in Margin Trading. Also, there is no more Maximum Account Leverage restriction based on the user account's Margin Net Balance.

 

Example:

 

If there is 1,000 USDT asset in a user's Margin Account.

 

Before the leverage adjustment, the user can only buy up to 3,000 USDT worth of BTC/ETH (with the user's 1,000 USDT plus borrowed 2,000 USDT) ; or sell at most 2,000 USDT worth of BTC/ETH (1,000 USDT as collateral and 2,000 USDT worth of borrowed BTC/ETH to sell).

 

After the adjustment, the user can now buy up to 25,000 USDT worth of BTC/ETH (with the user's 1,000 USDT plus borrowed 24,000 USDT); or sell at most 24,000 USDT worth of BTC/ETH (1,000 USDT as collateral and 24,000 USDT worth of borrowed BTC/ETH to sell).

 

Added explanation for better understanding, esp. for Margin Trading beginners.