Bitmax.io and Prometeus Launch PROM Auction with 50% Price Discount
BitMax.io and Prometeus will launch PROM auction with starting bid price 50% off. Details are as follows:
The event runs from 11:00 a.m. UTC to 12:00 p.m. UTC on August 27th, 2019.
Terms & Conditions:
1. Bid Item: 400 PROM; Total Bids: 200; Starting Bid Price: 700 BTMX.
2. The starting bid price and incremented bid price must be integral multiples of 1 BTMX. Only unlocked BTMX in the Cash Account is eligible to be used as payment in the auction. Once the bid is submitted, the corresponding number of incremented BTMX will be deducted from the Cash Account.
3. Users can place a higher bid at incremental amount to the earlier bid.
4. One user account is limited to one bid item.
5. Upon the conclusion of the event, top 200 users ranked by bidding price will win the bid item. For multiple bids at the same price, the bid placed first or earlier will prevail.
6. For those 200 winners, they will only pay the auction price as the 200th bid and the excess will be refunded within 24 hours after the event is completed. The BTMX tokens from winning bids are subject to permanent lock-up. The user who loses the bid will be fully refunded within 24 hours after the event is completed.
7. Bid Item Unlock Time: by 4:00 p.m. UTC on August 27th.
8. BitMax.io reserves the final right on the interpretation and adjustment of these Terms and Conditions. For any abusing activities, the users will be disqualified from the auction once identified.
Link to the rules: https://bitmaxhelp.zendesk.com/hc/en-us/articles/360034321694-Bitmax-io-to-Launch-Prometeus-PROM-Auction-50-Price-Discount
About BitMax
BitMax, one of the most rapidly growing and elaborated exchange with over 200,000 users and over 53,000 active community members around the world.
Founded by a group of Wall Street quant trading veterans in July 2018, BitMax.io is a next-generation digital asset trading platform with a broad range of financial products and services for both retail and institutional clients. It provides users with features that they actually want, including high-performance trading, liquidity, easy-to-use interfaces, security from attacks, and stable services in terms of uptime and management of market volatility.
It also provides users with an innovative feature known as the “trans-fee-mining” model, which does not just keep trading costs down but also offers the potential for traders to profit from trading activity. This is an innovative way of incentivising use of the BitMax platform so that traders earn both investment and mining income.
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