Diving deeper into BitMax.io's Trans-free mining model.
24-hour availability and an easy onboarding process are just some of the reasons why the number of users who prefer to trade cryptocurrency over fiat currency has grown over the years. One of the capeless hero that's facilitating the global adoption of cryptocurrency is BitMax, a digital asset trading platform i’ve grown to love over the years.
As humans we all have one thing in common, we all love a great deal and if that said deal is free then we love it more.
What it’s all about.
When BitMax.io launched the first phase public testing of it's mining activity platform, i was jubilated. Not just cause of it's user-friendly nature and suite of features but because of the transaction-fee based 'Trans-Fee Mining' model. A unique model that rewards users with free BTMX utility tokens.
Allow me to explain in detail, see traditional trading platforms charge transaction fees on every trade carried out on their platform. With fees being deducted from both the maker of the trade and the taker of the trade. At 0.25% to 0.75% across different platforms, these fees seem quite insignificant but they are quite costly. Especially in the long run - if you make huge amounts of trades.
BitMax's trans-fee mining model pays traders the value of tokens equivalent to the amount of money they spent paying on fees using BTMX. This process also improves liquidity within the platform which is another plus.
By offering a rebate of over 80%, investors will technically profit from every trade they make. This model works well regardless of the volatility in the market or other external factors that may affect trades.
Here’s how it works.
If a user’s mining output accrues to a transaction fee of say 10,000 the user is eligible to a BTMX equivalent of its value in the market. For example, if 1 BTMX token is valued at 1 USD, the user is eligible for 10,000 BTMX. The best part is, the company has made this entire process as simple and seamless as possible with deposits or payments being made almost instantaneously to the user's wallet.
Trans-fee mining aside, BitMax's transaction fees are the lowest in the industry at 0.04% for makers and takers of regular trading. 0.1% for the mining model and 0.04% for makers taking part in the reverse-mining model, transaction fees aren't applicable to takers.
Conclusion.
BitMax also goes a step further allowing users to earn extra BTMX for every successful referral. For everyone you refer, you will get 10% of the BTMX your referral mines out as a reward, as long as they take part in the mining and regular mining modes.
Please note that with regards to the mining mode, users will get rewarded based on the adjustment factor, which is the overall platform mining output from taker/maker trades divided by the overall platform mining output from taker trades. Don’t be left behind, join now to see what all the hype is about.
Links ---
Register on BitMax here
Join over 17,000 members on BitMax’s telegram channel
Follow on Twitter
Read on Medium
Follow on Reddit
Thank you for reading.
This Blog by:
Rhinoboy11
Steemit
Medium
Facebook
BitcoinTalk
Bitcoin Username: @Sammygye
If you like my blogs and would like to see others like this one. Please follow me on steemit and my other channels.
Don't forget to leave me a like, comment, clap, upvote and follow. Any or all of this gestures will be highly appreciated.
