Dear BitMax.io Users,
BitMax.io will list NEO, GAS and USDC on November 29th 12:00 p.m. EST.
Below are the trading pairs that will be offered: NEO/BTC, NEO/USDT, GAS/BTC, USDC/BTC, USDC/USDT
- USDC trading pairs eligible for three trading modes: Mining, Reverse-Mining, Regular Trading
- NEO and GAS trading pairs eligible for two trading modes: Reverse-Mining, Regular Trading
GAS Distribution Rule
GAS is the fuel token on the NEO network and can be earned through holding the NEO. BitMax.io supports distribution of GAS for NEO held on the exchange accounts on monthly basis. The distribution schedule is as below:
- Timing of Distribution
Before midnight (EST) of the last day of each month
The first distribution will take place on 31st of December, 2018.
- Methodology of Distribution
- BitMax.io will take snapshot of users’ NEO position every day
- Individual Share of GAS Distribution = (Monthly Weighted Average NEO position / Aggregation of Total User Effective Monthly NEO Position) * Total Monthly GAS Distribution
If the user has NEO position in BitMax.io accounts for three full days in December as of 10, 40 and 50 respectively, then user’s Monthly Weighted Average Position is 10*1 + 40*1 + 50*1 = 100 NEO
If the platform Total Monthly GAS Distribution is 1,000 GAS for December and Total User Effective Monthly NEO Position is 20,000 NEO, then user’s share is (100 NEO/20,000 NEO) *1,000 GAS = 5 GAS
BitMax.io reserves the final right of adjustment and interpretation of GAS Distribution Rule.
Thank you for the continued support.
Nov 28th, 2018