AscendEX
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AscendEX

BitMax.io Weekly Roundup | Oct 17 — Oct 23, 2020

Platform Update

  • Currently listed a total of 147 tokens with BTMX Investment Multiple Card, Airdrop Multiple Card, Staking Service, BTMX Investment, etc. for potentially higher rewards.
  • 21 — Added a new trading pair of NIM/BTC. Nimiq is a decentralized, censorship-resistant payment protocol native to the web, with its own diverse ecosystem of apps.

Activity in Spotlight

  • Join Akash (AKT) pre-staking to earn 54% est. APR for a limited time only!
  • Join the “VIP Boost” Program for a higher level of trading fee and more privileges.

DeFi Project Highlights

  • EasyFi (EASY): one-month pre-staking with 52% est. APR.
  • Annualized Return for FinNexus (FNX) Pre-Staking was adjusted to 25%; Instant Unbonding Fee adjusted to 2%.
  • Centaur (CNTR): one-month pre-staking with 60% est. APR.
  • Participate in Linear Finance (LINA) Staking to earn 86% est. APR! All rewards from LINA Staking will be automatically locked up and displayed on the user’s [My Asset] page under LINALCK.

BitMax Ecosystem

  • Distribution Pool: 2,554,513 USDT
  • Total Est. Daily Profit/1MM BTMX This Week: 168 USDT
  • Token Supporting Airdrop Multiple Card This Week: AKT
  • Global communities with 64,524 users from Korea, Russia, India, Turkey, Vietnam, Italy, etc., increased by 1,011 over last week.
  • Social Media Matrix: BitMax Official Twitter Account with 55,793 followers.

Learn with Us — Hedging via Margin Trading

BitMax.io Margin Trading is a derivative product that supports BNB, HT, OKB, FTT, and other platform tokens.

From certain observation, the prices of native tokens are likely to decline in the case of high-demand new listings or withdrawal suspension caused by unusual “incidents” on the platform. If a user can sell the platform token timely in such scenarios, and close out the positions by buying back the token when the normal level returns, the user can potentially hedge against the risk and may even make a profit.

Please make note that the above can not be interpreted and construed as investment advice.

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AscendEX is a leading global digital asset financial platform founded by a group of Wall Street quantitative trading veterans in 2018, servicing retail and institutional clients in over 200 countries and regions of the world.

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