BitMax.io Weekly Roundup | Aug 22– Aug 28, 2020

One-minute Digest on Us and Market

Aug 22– Aug 28, 2020

Market Watch

• In the past two weeks, Uniswap reported over $1 bln in weekly average trading volume. As of Aug 27, its liquidity skyrocketed by 1,340% over early June.
• Market cap of Tether USDT exceeded $13 bln.
• Filecoin, a decentralized storage network, released its Economy Report and Roadmap Update Aug 2020. Mainnet launch is scheduled for mid-to-late September.
• DeFi Data (as of Aug 28, 10 AM UTC): Market Cap $15,105,244,075 (Coingecko); Total Value Locked $7.4 bln (DeFi Pulse)

Platform Update

• Display of Asset Introduction in the latest App version.
• Added a note about no fee for internal transfer to the [Withdrawal] page.

Latest Listing

Aug 23 – Polkadot (DOT) listed under the trading pair of DOT/USDT, with 3x Margin Trading supported.

Polkadot is an open-source protocol founded by the Web3 Foundation, aiming to enable a completely decentralized web where users are in control.

Aug 25 – MANTRA DAO (OM) listed under the trading pair of OM/USDT.

MANTRA DAO is a community-governed DeFi platform focusing on Staking, Lending, and Governance. MANTRA DAO leverages the wisdom of the crowd to create a community-governed, transparent, and decentralized ecosystem for web 3.0.

Aug 27 - Ultra (UOS) listed under the trading pair of UOS/USDT.

Ultra is an entertainment platform where PC gamers can buy games, trade virtual items, access live streaming and tournament platforms, as well as many other established 3rd party services, all unified under a single roof and around one core service: Ultra’s own games distribution platform.

Activities in Spotlight

• Trade UOS for a chance to share 11,000 USDT worth of airdrop rewards. Subscribe to UOS BitTreasure with 24% Est. APR.
• Join OM promotions for your share of 35,000 USDT in OM tokens.
• Form or join teams to participate in the first-ever BTMX Investment Team Battle, win up to 80% Est. APR in USDT!
• Launched BitMax Community Captain Program. BitMax community captains can participate in the development of the BitMax’s ecosystem and receive the rewards for their contributions throughout the process.

DeFi Project Highlights

• Serum(SRM) Staking Service available: instant unbonding & compound mode; 3x Margin Trading for SRM supported.
• OM Pre-Staking Program: 88.88% est. APR

What’s Upcoming

• To deploy Isolated Margin Mode for Futures Trading
• To develop pages for BitMax Cloud Solution, Listing Application & Account Opening for Institutional Investors.

Note: Please refer to announcement on bitmax.io official website for further details.