BitMax.io Weekly Roundup |Dec 26 — Dec 31, 2020
Our One-minute Digest
Dec 26 — Dec 31, 2020
Currently listed a total of 161 tokens with the product offering BTMX investment Multiple Card, Airdrop Multiple Card, Staking Service, BTMX Investment, etc. for potentially higher rewards.
· Dec 30 — Listed 1inch（1INCH）under the trading pair of 1INCH/USDT. 1inch is a decentralized exchange aggregator that sources liquidity from various exchanges and can split a single trade transaction across multiple DEXs.
· Dec 31 — Listed UNION (UNN) under the trading pair of UNN/USDT. UNION is a technology platform that combines bundled protection and a liquid secondary market with a multi-token model.
Activities in the Spotlight
· Join Bonded Finance (BOND) limited-time promotion: participate in BOND pre-staking, net-buy, net-deposit, or retweet the Twitter post to share 10,000 USDT worth of total rewards.
· Participate in UNION (UNN) promotion: users with Daily Trading Volume (Buy + Sell) ≥ 20,000 UNN for any three, five, or seven days will be eligible to share 13,000 USDT in tokens.
· DeFi Project Highlights
· Bonfida (FIDA): pre-staking program with Est. 26% APR for the first week, and Est. 4% APR afterwards.
· Terra Virtua (TVK): six-month pre-staking program with a great chance to earn up to Est. 36% APR.
· BitMax Ecosystem
· Distribution Pool: 2,246,014 USDT
· Total Est. Daily Profit/1MM BTMX This Week: 132 USDT
· Diverse global communities with 71,398 users from Korea, Russia, India, Turkey, Vietnam, Italy, Japan, Spain, etc., up by 311 over last week.
Social Media Matrix
BitMax Official Twitter Account 64,108 followers.
Learn with Us — Yield Farming
Yield Farming is a process generally designed to maximize return on capital by leveraging different decentralized finance (“DeFi”) protocols, including, but not limited to:
· lending protocols
· decentralized liquidity pools
· derivatives protocols
A “Yield Farmer” who allocates capital to any of these protocols is rewarded for their “liquidity contribution.” Rewards are granted to Yield Farmers in various tokens from relevant DeFi protocols issued as fees, interests, or incentives and distributed to liquidity contributors.
Currently, BitMax.io supports a total of 4 farming products for users to choose from:
Curve — USDT: 9.1%
HARD — USDX: 34.16%
DMM: Governance — USDT: 27.41%
HARD — HARD: 53.67%