BitMax.io Weekly Roundup | Oct 31 – Nov 6, 2020

Our One-minute Digest

Oct 31 – Nov 6, 2020

Platform Update

• Currently listed a total of 153 tokens with the product offering BTMX Investment Multiple Card, Airdrop Multiple Card, Staking Service, BTMX Investment, etc. for potentially higher rewards.

Latest Listings

• 11.6- Listed HARD Protocol (HARD) under the trading pair of HARD/USDT. HARD Protocol is a cross-chain money market for digital assets.
• 11.6- Listed USDX Coin (USDX) under the trading pair of USDX/USDT. USDX is a decentralized and crypto-backed stablecoin pegged to dollar issued by the Kava DeFi platform.
• 11.4- Listed Filecoin (FIL) and supported 3x margin trading under the trading pair of FIL/USDT. Filecoin is a peer-to-peer network that stores files, with built-in economic incentives to ensure files are stored reliably over time.
• 11.1- Listed Nsure.Network (NSURE) under the trading pair of NSURE/USDT. Nsure is an open insurance platform for Open Finance. 

Product Update

• Updated App to the latest version with the remaining multiplication times of Airdrop Multiple Card available for view.
• Supported DeFi Yield Farming in App for easier access to farming products.

Activity in Spotlight

• "VIP Boost" Program underway: users who submit the screenshots of their VIP info on other platforms (30-day trading volume) will be eligible for the "VIP +1" level on BitMax.io for 30 days.
• Join Filecoin (FIL) promotion to enjoy VIP trading fee discounts. Users who deposit FIL from an external wallet (i.e., outside of BitMax platform) to a BitMax account and meet the net deposit requirement will be eligible for 7-day FIL trading fee discounts!

DeFi Project Highlights

• EasyFi (EASY): one-month pre-staking with 52% est. APR started from Oct 9.
• Centaur (CNTR): one-month pre-staking with 60% est. APR started from Oct 14.
• Pluton (PLU): pre-staking program with 22% est. reward.
• Participate in Linear Finance (LINA) Staking to earn 86% est. APR! All rewards from LINA Staking will be automatically locked up and displayed on the user's [My Asset] page under LINALCK.
• HARD Protocol (HARD): deposit USDX/HARD to farm HARD every day via Yield Farming.

BitMax Ecosystem

• Distribution Pool: 2,422,949 USDT
• Total Est. Daily Profit/1MM BTMX This Week: 161 USDT
• Global communities with 65,904 users from Korea, Russia, India, Turkey, Vietnam, Italy, etc., increased by 617 over last week.

Social Media Matrix

BitMax Official Twitter Account 55,793 followers.

Learn with Us - Margin Loan Repayment

Assume a user borrowed 1 BTC in the Margin Account. The user can repay the loan plus interests either by transferring more assets from Cash Account or trading BTC.

Repay Loan via Trading

The users can 1) buy 1 BTC (plus respective interest owed) through Margin Trading or 2) click on [Unwind] and [Buy BTC] to repay the loan. Interest portion will be repaid prior to the loan's principal. Maximum trading power will increase accordingly.

Repay Loan via Transfer

The user can transfer 1 BTC (plus interest) from the Cash Account to Margin Account to repay the loan. Maximum trading power will increase accordingly.