BitMax.io (BTMX.com) is an industry-leading next-generation digital asset trading platform that has rapidly expanded to more than 150,000 registered users in the last quarter. It has built a pristine reputation in the industry by listing of pre-screened high-quality blockchain projects and offering active trading with deep liquidity. Recently it has taken on board another intriguing project - the DREP Chain, adding to its increasing list of new and exciting blockchain projects on its trading platform.
The DREP strategic listing partnership follows the principle of efficiency and transparency set by BitMax.io. This partnership arrives at a time when the entire cryptocurrency market has re-awakened, with Bitcoin prices breaking above $8,000 and aiming for even higher levels. This beneficial development is lifting asset prices across the board, and increasing trading activities, making BitMax.io one of the most valuable partners for the crypto boom of 2019.
DREP is committed to building “connectors” and “toolkits” based on blockchain technology, providing solutions that combine ease of use, flexibility and frictionless integration. Based on DREP Chain, DREP ID, DREP Reputation Protocol, and DREP SDK, DREP aims to build an open data ecosystem on the chain, disrupting the status quo of segregated users and data on multiple chains.
DREP has already connected to multiple platforms in Australia with the likes of Yeeyi and HarkHark, the Middle East and Southeast Asia, reaching millions of active users. The ecosystem of DREP offers simple access to blockchain solutions. The DREP token itself uses innovation to bypass the inherent slowness of the Ethereum blockchain, by offering a second-layer solution for greater speed and zero gas fees. This is achieved through the Smart Pipeline data processing concept.
The DREP ID and DREP SDK technologies allow for easy creation of multi-blockchain solutions. This means that the DREP ID system can be released to multiple public blockchain platforms, boost the ease of wallet generation, and work with multiple trading platforms. This unprecedented flexibility means DREP may achieve wider adoption over time.
Using the appropriate APIs and plugins, DREP brings blockchain usage closer to any user, without requiring complex technical knowledge. DREP relies on those developments to ensure the token and the economics of reputation invites developers and users in the future.
Before becoming a partner to BitMax.io, DREP completed an extremely successful IEO and the final oversubscription exceeded the IEO hard cap by 22.7 times. DREP is a utility token with a total circulation of 10 billion, of which 37.2% were distributed in the token sale including private sale, presale, crowdsale and the recently finished IEO. Following the successful token sale, an exchange partnership will be crucial to the liquidity of DREP, as the asset will go through another period of price discovery. In addition to trading, the DREP token also gains its value through its utility, as well as the backing by real content, digital identities, and reputation.
DREP trading is just picking up, and BitMax.io will be the second digital asset trading platform to list the asset. The DREP trading volumes are picking up, going above $3 million per day, and the price is $0.003, offering plenty of growth opportunities. For Ethereum investors during the IEO, the DREP token already posted 25% gains over the token sale price.
DREP will join the most recent additions and add to the 110 trading pairs on the BitMax.io trading platform. Trading on the platform allows for risk leverage and liquidity, by offering multiple trades against Bitcoin, Ethereum, BTMX, as well as the Tether (USDT) coin with a $1 value, and the Paxos (PAX) dollar-pegged token.
BitMax.io is the industry leading next-generation digital asset trading platform that provides a broad range of financial products and services to both retail and institutional clients across the globe. It was founded in 2018 by a group of Wall Street quant trading veterans and built upon the core values of blockchain, transparency, and reliability, to deliver high-quality client services and efficient trading experience.
The BitMax.io team extends the concept of transaction mining by adding the component of “reverse mining” as a rebate program for Maker trades utilizing its native token, BTMX. The combined trading modes, along with many other use cases of the token, has definitely proved effective supporting overall market liquidity as well as the supply-demand balance of BTMX in circulation.
BitMax.io always strives to provide its global users with a comprehensive set of trading products. Its newly launched margin trading function is another step forward from product offering perspective to better serve their dynamic trading needs. For those users who understand and acknowledge the risks involved in margin trading, the function allows users to borrow funds from the platform and to trade more digital assets than they normally could afford. (The margin trading function of BitMax.io is not available for North American markets.) Also, it helps to attract more trading volume and to boost liquidity on the platform.
This type of leveraged trading can be applied for high-risk, high-return trading strategies. However, it is important to note that it can be an extremely risky approach for users, especially those who have little experience in risk management.
The BTMX token is instrumental to the digital asset trading platform, and has a current price of $0.095 as of 12:00 am EDT May 16.
With the commitment to listing only industry top-quality products as part of its client-centric strategy, BitMax.io has expanded its global client base to over 150,000 registered users and 53,000 active community members. The strategic partnership of BitMax.io and DREP is expected by the market to further encourage the usability of blockchain in daily life.
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