BitMax.io to Implement New VIP Fee & Rebate Structure

Dear BitMax.io Users, 

BitMax.io’s new tiered VIP fee & rebate structure will go into effect at 9:00 p.m. EST, Jan 8th, 2021. Please see below for a chart illustrating the structure: 

VIP Level	Criterion			Large Market Cap Assets		Altcoins
	Trailing 30d Trade Volume (USDT)	Category	Trailing 30d Avg. BTMX Holdings	Maker	Taker	Maker	Taker
0	≥ 0	OR	≥ 0	0.100%	0.100%	0.200%	0.200%
1	≥ 100,000	OR	≥ 5,000	0.090%	0.100%	0.180%	0.200%
2	≥ 1,000,000	OR	≥ 20,000	0.075%	0.085%	0.160%	0.180%
3	≥ 5,000,000	OR	≥ 100,000	0.060%	0.070%	0.130%	0.150%
4	≥ 10,000,000	OR	≥ 250,000	0.050%	0.060%	0.100%	0.120%
5	≥ 25,000,000	OR	≥ 500,000	0.040%	0.050%	0.075%	0.100%
6	≥ 50,000,000	OR	≥ 1,000,000	0.030%	0.040%	0.050%	0.070%
7	≥ 100,000,000	OR	≥ 1,500,000	0.020%	0.030%	0.020%	0.040%
8	≥ 150,000,000	AND	≥ 2,500,000	0.000%	0.020%	0.000%	0.020%
9	≥ 500,000,000	AND	≥ 5,000,000	-0.010%	0.015%	-0.010%	0.015%

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 9 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.

Exception Scenario:

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 is set at 0.2%, to be paid in UAT. 

-      Transaction fee for BTMXP/USDT is set at 0.5%.

Note: 

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, ETH, XRP, USDT, BCH, LTC, EOS, BNB, BSV, XLM, ADA, TRX, LINK, HT, OKB, ATOM, DASH, ETC, NEO, USDC, XEM, DOGE, ZEC, PAX, ALGO, DOT, FIL, UNI, FTT.

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. 

BitMax.io Team

Jan 7th, 2021

Telegram Group: https://t.me/BitMaxioEnglishOfficial