BitMax Token Staking

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.

Users need to subscribe the BTMX Investment Product on BitMax.io in order to participate, product subscription/redemption can be easily made here.

A group of Wall Street and blockchain & crypto veterans with professional backgrounds from top global financial firms such as Morgan Stanley, Deutsche Bank, Goldman Sachs, Bloomberg, Huobi and Gemini.

Staking BTMX is safe given assets are kept custody under cold storage infrastructure of BitMax.io.

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.

BitMax Token is the utility token native to BitMax.io exchange that provides users with access to a variety of platform services and benefits.

There’s no requirement for staking BTMX, nor there is any minimum amount of BTMX staked in order to be eligible for reward distribution.