Overview

Вitmax Exchange - Innovative Digital Asset Trading Platform Building Future Decentralized Community-based Autonomous Ecosystem

Project stage

Beta version

Detailed description

BitMax is an innovative new-age digital asset exchange, in the mission to create a new type of decentralized community-based autonomous economy. We hope that building upon a series of open and fairness market rules, BitMax will boost the liquidity of overall market, support the blockchain structural optimization and promote equitable resource allocation.

BitMax would be able to boost the liquidity of overall market, support the blockchain structural optimization and promote equitable resource allocation. Leveraging blockchain technology, BitMax is aiming to establish a decentralized autonomous incubation platform on the BitMax public chain, and build out a new type of economic autonomy program that would fundamentally reduce organizational attrition and increase productivity.

High-performance Tech Support
Institutional-level trading architecture with advanced technology design. Trading friendly environment with support for the FIX protocols and APIs.

Safety Stability
Multi-level firewalls are set up to monitor system data processing in real time. Multi-signature requirement with combined hot and cold wallets solutions.

Support for Financial Products
Current focus on crypto-to-cypto spot trading, Future expansion to margin trading, and other account management services.

Market Liquidity and Depth
Participation and support from professional traders, market makers, brokers, quant trading funds, and other investors. Support market making with efficient trading infrastructure and later introduction of liquidity provision fee.

Solution

Based on the combined Proof of Work (PoW) and Proof of Stake (PoS), BitMax completely relies on the endorsement of all the participants to build out the new-age consensus community of blockchain ecosystem with decentralized and distributed autonomy. The distribution of production output has enabled BitMax to evolve from a centralized governance model to a completely new decentralized community-based distributed autonomous system.

Features

The key features of BitMax's decentralized autonomous system are summarized as following: 

Participative- Users voluntarily and independently participate in the delivery of tasks such as transaction mining, project voting, participation in the construction of the mining pool, participation in the platform decision-making and joint construction. 

Collaborative- Users collaborate with each other to achieve value-add and common objectives. The users can set up the mining pool by themselves and work together on the construction and ecological maintenance of mining pool.

Co-operative – Users would like to share the benefits as the return: BitMax would return 100% of the user’s fees in accordance with the Proof of Work (PoW) and Proof of Stake (PoS). Users who participate in the management and construction of the mining pool would receive greater benefits.

Decentralized- Through the future BitMax public chain, the upstream and downstream economic systems across the blockchain would be more empowered to achieve further expansion of the autonomous economy.

Autonomous- Autonomous agents, intelligent programs, and the future enhancement of artificial intelligence (AI) and AI algorithms would enable BitMax to run its strategic operations on the self-sustainable basis, eventually building out a trusted community-based autonomous economy with a set of open and fair rules.

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Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : BMAX
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 30,000 ETH
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :10,000,000,000 BMAX
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :900,000,000 BMAX
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Without whitelist
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :BTC, ETH,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :China, USA,
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :No
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  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    NA
      • Token Distribution

          Vesting notes

          • Private Sales: Tokens would be unlocked daily by applying 49:51 to the daily mining production output. 10% of the private sales portion (Pre-release) would be unlocked as the first priority.

    Sale schedule

    Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
    Private sale — Ended
    Start Soon
    End 16 Jul 16:00 UTC
    0.00004 ETH No - Uncapped 30,000 ETH
    • Team

      • George Cao photo
        George Cao
        Founding Partner, CEO
      • Ariel Ling photo
        Ariel Ling
        Founding Partner
      • Han Liu photo
        Han Liu
        Founding Partner
    • Advisors

    Roadmap

    • Jul 2018

      Beta version website public launch

    • Aug 2018

      Initial trading launch

    • Oct 2018

      Smart contract voting

    • Nov 2018

      Initiate platform fee distribution through smart contracts

    • Dec 2018

      Initiate margin trading

    • Feb 2019

      Incubator investment, ecosystem buildout

    • Apr 2019

      Exchange public chain launch

    Activity

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