About BitMax Token
BitMax Token is the utility token native to BitMax.io exchange. The market cap is $49,284,959 and the 24h volume is $1,726,819.
Staking BitMax Token
BitMax Token blockchain consensus is achieved via the Ethereum Blockchain. Investors can leverage their crypto via profit sharing. Currently there is 1 option to earn passive income and staking rewards with your BitMax Token investment as outlined below.
- How to stake BTMX?
Users need to subscribe the BTMX Investment Product on BitMax.io in order to participate, product subscription/redemption can be easily made here.
- How much can i earn staking BTMX?
Rewards for staking BTMX comes from net platform transaction fees of BitMax.io exchange, whereas BitMax.io will allocate 80% of net platform transaction fee to a distribution pool and distribute 1/180 of them everyday to users who participate in BTMX staking.
Users can also purchase BTMX Investment Multiple Card to boost rewards, With 1 BTMX Investment Multiple Card, up to 10,000 BTMX staked will be multiplied by 5 in the calculation of the BTMX staking rewards. As a result, 10,000 BTMX staked with a Multiple Card has the same network share as 50,000 BTMX staked. When user’s balance is less than 10,000 BTMX, the actual balance will be used in the calculation.
- What are the requirements to stake BTMX?
There’s no requirement for staking BTMX, nor there is any minimum amount of BTMX staked in order to be eligible for reward distribution.
- Is there a lock-up period or unlock period for staking BTMX?
There’s no lock-up period for staking BTMX, users are free to redeem staked BTMX any time. It takes 24 hours to unlock the staked BTMX, users can also request “instant redemption” at a 10% of transaction fee in BTMX, whereas the fee will then be taken out of circulation.
- Is there a risk to stake BTMX?
Staking BTMX is safe given assets are kept custody under cold storage infrastructure of BitMax.io.