Review on BitMax by Saparov Meylis

Bitmax is a Singapore based cryptocurrency exchange with a good commission structure, a well-organized website and fast customer support, and a large number of supported cryptocurrencies.



BitMax.io public beta testing began in mid-July 2018 and was officially launched in mid-August. On November 18th, they launched the Mining Engine, the industry's first transaction mining and reverse mining engine, which has made the industry-leading third-generation cryptocurrency exchange - after the first generation of traditional exchanges such as Binance. and 2nd generation transactions for mining transactions such as FCoin.





In general, everything is simple - you trade on your account, and you are charged a commission for each transaction, 100% of the commission is returned to you in BMAX tokens. Further, 80% of the commission itself is divided among all token holders in proportion to the number of tokens. BitMax takes the remaining 20% ​​for itself.



Of course, such a story cannot last forever and that is why the fixed emission was created. In total, 51% of all tokens are allocated for rewards - 51 billion tokens or 182 million USD. So that there are no frauds on the exchange, for example, wash trading (when a person buys and sells to his own orders), BitMax uses a 3-level KYC system, plus the team and AI algorithms monitor the patterns in trading. If dirty deeds are found, your account may be blocked.



BTMX token

BTMX is the only utility token that can be used on the BitMax.io platform for payments associated with various additional benefits and services.

Key benefits of using BTMX include:



* Purchase VIP memberships of different levels, which

provides a discount on transaction fees for

regular trading by increasing the daily BTMX limit for

net sale;

* Increase the individual share of the distribution of fees for

use of platform data;

* To participate in the presale quota of high quality

projects of the primary list on BitMax.io

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