Dear BitMax.io Users,
Beginning 10:00 a.m. EDT, October 25th, 2019, BitMax.io will implement a new tiered VIP transaction fee & rebate structure for both traders and BTMX holders within the BitMax.io ecosystem. The new structure will allow customers to receive up to a 2.5 bps (0.025%) rebate for providing liquidity (“maker”) and pay as little as a 1.5 bps (0.015%) fee for taking liquidity (“taker”) on the platform.
BitMax.io’s new tiered VIP fee & rebate structure seeks to foster a more robust and mature marketplace by encouraging deep liquidity and tight spreads between trading counterparties – ultimately benefiting both institutional and retail clients by promoting trading efficiency.
The enhanced fee & rebate structure may also further evolve the utility of BitMax.io’s platform token, BTMX, by offering token holders attractive marketplace advantages.
BitMax.io’s new tiered VIP fee & rebate structure will go into effect at 10:00 a.m. EDT, October 25th, 2019. Please see below for a chart illustrating the structure:
Base trading fees are 8.5 bps (0.085%) for trading Large Market Cap Assets and 10 bps (0.100%) for trading Altcoins. VIP tiers will have discounts set against base trading fees and are based off (i) trailing 30-day trade volume (across both asset classes) and (ii) trailing 30-day average unlock BTMX holdings.
VIP tiers 0 through 7 will receive trading fee discounts based on trade volume OR BTMX holdings. This structure will provide benefits of discounted rates across both high-volume traders that choose not to hold BTMX, as well as BTMX holders that might not trade enough to achieve favorable fee thresholds.
Top VIP tiers 8 through 10 will be eligible for the most favorable trading fee discounts and rebates based on trade volume AND BTMX holdings. Top VIP tiers are therefore accessible only to clients that provide significant value-add to the BitMax.io ecosystem as both high-volume traders AND BTMX holders.
One-Month Discount Rates for Non-BitMax.io Users
VIP users of other platforms who meet the criteria of “trailing 30-day trade volume” under BitMax.io’s tiered VIP fee & rebate structure will be eligible for 1-month trial of fee discounts per their corresponding VIP levels. After one-month trial period, users can have trading fee discounts based on their actual trading volume.
Application Process: eligible users can send email to firstname.lastname@example.org with “request for VIP fee discount” as the subject line from their registered email on BitMax.io. Also please attach screenshots of VIP levels and trading volume on other platforms.
UAT and BTMXP trading pairs will not be eligible for the new tiered VIP fee & rebate structure with details as follows:
- Transaction fee for UAT/USDT and UAT/BTC is set at 0.1%, to be paid in UAT.
- Transaction fee for BTMXP/USDT and BTMXP/BTC is set at 0.5%.
1.User’s trailing 30-day trade volume (in USDT) will be calculated every day at UTC 0:00 based on the daily average price of each trading pair in USDT.
2.User’s trailing 30-day average unlock BTMX holdings will be calculated every day at UTC 0:00 based on the user’s average holding period.
3.Large Market Cap Assets: BTC, BNB, BCH, DASH, HT, ETH, ETC, EOS, LTC, TRX, XRP, OKB, NEO, ADA, LINK.
4.Altcoins: all other tokens/coins except Large Market Cap Assets.
5.Both Cash trading and Margin trading will be eligible for the new VIP fee & rebate structure.
6.User’s unlock BTMX holdings = Total Unlocked BTMX in Cash & Margin accounts.
Thank you for the continued support.
Oct 19th, 2019
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