You actually get paid and burn btmx tokens by providing liquidity and closing arbitrage opportunities. On the other side you can lock in btmx tokens and get paid usdt based on the same liquidity. Is this thing fucking genius or am i missing something?
Bitmax
Easton Thompson
Robert Cook
Bitconnect with more subtlety
Chase Fisher
Where do I find this explained? I get the locking system, but what is this about burning? I see there's some mining on the exchange but I dont understand chinese.
Hunter Bennett
You're missing something
Nicholas Long
The reverse mining thing, its only available on a few pairs like pax/usdt, you actually gain 0.0012% in fees on each trade while an equivalent btmx gets burned.
Julian Thomas
Or actually, here is the link:
bitmaxhelp.zendesk.com
I might have said it wrong, basically the fee is 0, you gain 0.0012% while the equivalent gets deducted from your btmx balance and gets burned. So it's free to trade while also reducing btmx supply. Also anything you buy like those point cards also gets burned which decreases supply.
Jacob Ward
This is a SCAM
George ZIPPER HEAD Cao is a SCAMMER
FUCK BITMAX SCAMMERS
Cooper Wood
Can you please elaborate? I currently have only 1k on btmx and im deciding if i should invest more or not. Its pretty lucrative.
Adrian Thomas
Bump need proper info.
Tyler Mitchell
Eh so you could say you pay the fees in BTMX, kinda lame. I expected it to generate some since its called mining.
Bunch of people got burned on their margin trading. Since you lock in any tokens and they lost value they got liquidated and call it a scam. I didn't see any real proof of anything odd anywhere.