This post was initially published on CoinGecko in Jan 21th, 2020. Retrieved from https://news.cryptorank.io/bitmax-tokenbtmx-overview/
January 21, 2020 - Posted by CRYPTORANK
Since October 23, 2019, the exchange has implemented a new smart contract solution, and total supply decreased from 1 billion to 787,683,613, that’s very good in terms of tokenomics.
Also, exchange use token consumption model. So the total supply of BTMX will continue to decrease as the amount of BTMX consumed increases when holders consume tokens to get different benefits such as membership upgrade related to a transaction fee, interest on a margin loan, airdrop, token release, etc.
The BitTreasure product looks very interesting. The estimated income from BTMX investment is 31.05%, which is one of the highest in the cryptocurrency market. 69.8% of BTMX tokens locked in this product. That is a very high level of token utility.
BTMX Annual % Change: +345.73%