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Press Release’s debuts attractive mining models with low commission, tight spreads and longer-term value view

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on's debuts attractive mining models with low commission, tight spreads and longer-term value view
Source: BitMax [] is a global operator of an innovative digital asset trading platform with a broad range of products and services for global retail and institutional clients. With its relentless focus on transparency, reliability, and quality of execution and client services, has established itself as a clear leader in the cryptocurrency trading and exchange space.

As the world’s first true 3rd-generation cryptocurrency exchange platform, officially launched reverse mining with trans-fee mining for the public on November 18, 2018, at 8:09 PM EST [November 19, 2018, at 9:09 AM, CST]. These services have gone live along with new, industry lowest commission rates that have been set to encourage more trading activities on the platform, as well as very tight market spread rates as compared to the wider cryptocurrency exchange market. When coupled with mining and reverse mining,’s low trading commission rates can help traders save substantially in terms of fees.

Low Commission and Tight Market Spread enhances the trader cost savings in two key areas: by offering the lowest trading commission in the market [0.04%], and by providing users access to highly liquid trade markets that lead to very tight market spreads.

Furthermore, BTMX token design with respect to mining, storage, and token consumption architected to provide price stability and potential longer-term value, in relative to other industry players over the long run. set aside large portion of daily transaction fee revenue as the Data Usage Fee Pool [“fee pool”] for those users who sign up for the data sharing. As’s revenues grow, the platform’s fee pool grows incrementally. However, since the total number of BTMX tokens in circulation gets smaller over time, the distribution of fee pool for those token users can get higher and higher.

Token Economics and BTMX Stability

Next, we have token economics. BTMX token economics has built-in incentive mechanisms, including reverse-mining and token consumption that manage the number of tokens in circulation, and design of fee pool distribution that supports the value of holding BTMX on the longer term from price point of view to daily return from the fee pool. The platform keeps the information up-to-date on the front page, which again attests to their commitment to being transparent and client-centric.

How is this possible? The way the data usage fee pool is structured with the longer term of view. Other exchanges give out daily revenue completely every day and users have to be fully dependent on the next day’s business performance for next day distribution, which is unpredictable. BTMX token economics is different from that in terms of distributing certain portion of the pool on a daily basis and demonstrate the steady growth day after day. Therefore, the users can see the longer-term value from holding BTMX over period of time.

Low rates are part of the project vision and mission to offer liquid, high-performance and low-cost cryptocurrency trading experiences to everyone. Furthermore,’s team of Wall Street quant trading veterans have architected innovative trading protocols that are redefining the way exchanges operate. These protocols, namely reverse mining with trans-fee mining, place heavy emphasis on fairness, liquidity, and trade-based income streams for traders of all sizes with differentiation between maker and taker trades.

BTMX Allocations for Mining & Reverse Mining

Now that the platform has successfully established the best commission rate in the market, and with reverse mining and trans-fee mining protocols launched and in place, is happy to announce that 10 billion BTMX have been allocated for mining and reverse mining for all traders! All cryptocurrency enthusiasts are invited to this exciting launch and are encouraged to participate in trading in order to earn BTMX tokens and to earn from mining while enjoying transaction rebates with reverse mining for maker trades.

To recap the benefits of these models, trans-fee mining incentivizes trading on the platform by allowing traders to earn a new, valuable token, the BTMX platform utility token, whenever they conduct a trade. deducts trade transaction fees from users but then credits the user’s account with BTMX tokens of the same value. This is a vastly different approach to traditional exchange trading in which transaction fees are simply deducted from orders.

As for reverse mining, it incentivizes the users who places maker trades by giving them a rebate of transactions fee in exchange for an equivalent market value of the platform’s native BTMX token that the user holds in their account. The maker trades are those trades that have not been filled immediately and remain open either partially or fully [such as a limit order]. The deducted BTMX tokens are then put into permanent lock-up, effectively moving them from the market supply.

Reverse mining and trans-fee mining not only enhance the trading efficiency for traders and investors, but also help support the pricing levels for BTMX tokens on the secondary market while putting in place an important check-and-balance mechanism for stability and liquidity in times of volatility.


With the tight market spread, industry-lowest trading fee, and trading-focused mining and reverse mining protocols, provides the users across the globe with equal access to the user-friendly tools and services that they need to benefit from participation in the cryptocurrency market. The token economics design with the longer-term driven distribution of data usage fee pool will definitely enhance the overall value of the platform.

The financial and technical expertise of the team and the platform’s growing user-base further assert as the leading platform of the future, and the team is excited at the launch of the new trading model and look forward to helping future generations of traders benefit from trade and investment in the crypto-space.

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Press Release

Ampleforth [AMPL] To Conduct First IEO on BitFinex and Ethfinex’s Blockchain Project Launch Platform, Tokinex, in June

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Ampleforth [AMPL] To Conduct First IEO on BitFinex and Ethfinex’s Blockchain Project Launch Platform, Tokinex, in June
Source: Pixabay

Ampleforth expected ticker symbol AMPL, announced today it will be the first initial exchange offering to be conducted on Bitfinex&Ethfinex’s token project launch platform, Tokinex.

Ampleforth’s whitepaper, co-authored by Manuel Ricon Cruz, a researcher at the Hoover Institute, introduces the Ampleforth protocol. Further context for understanding the implications of AMPL as a new type of synthetic commodity and economic theory is provided in the accompanying Red Book.

The appeal of digital assets like Bitcoin is that they are uncorrelated with traditional asset groups. But, among large-cap digital assets, there is a high degree of non-diversifiable risk and the price volatility of most cryptocurrencies mimic that of Bitcoin.

Evan Kuo, CEO, and founder of Ampleforth said, 

“We see Amples as having a near-term utility that naturally dovetails into a much bigger vision, and I can’t wait to see it unfold. The Bitfinex and Ethfinex user communities are among the best in the industry, and we are excited to work alongside the Tokinex team for Amples’ exchange debut.”

Ampleforth’s protocol receives exchange-rate information from trusted oracles and propagates that to holders of Amples by proportionally increasing or decreasing the number of tokens each individual holds according to the magnitude of the exchange rate fluctuations over the previous 24 hrs.

For traders, these changes in the exchange rate and quantity translate into changes in Ample’s market capitalization. Ultimately, unique trader behavior in response to the protocol’s incentives is expected to produce an asset price with lower correlation to Bitcoin than other digital assets.

Jean-Louis van der Velde, CEO at Bitfinex, stated 

“The Ampleforth project is fascinating to us with its refreshing vision to become a unique digital asset and serve as a potential future reserve currency. We believe it can provide a unique volatility profile, uncorrelated to other digital and traditional assets. This uncharted territory makes Ampleforth, and the team behind it, the perfect first project to list on Tokinex and we are excited to provide an opportunity for the community to be a part of it.”

Paul Veradittakit of Pantera Capital said,

“Ampleforth is interesting because there’s not another asset like it, so it will likely not be correlated with other large-cap cryptocurrencies. With more traders and enthusiasts entering the ecosystem since the last rise, there needs to be an option like AMPLs, which could reduce the risk for the entire space, and potentially attract more institutional interest.”

About Ampleforth

Ampleforth is a digital asset protocol for smart commodity-money funded by Brian Armstrong, True Ventures, Pantera Capital, and Slow Ventures. For more information, please visit our website.

About Tokinex

Launched in May 2019, Tokinex is the IEO platform of Bitfinex and Ethfinex that brings fair opportunity to participate in curated token projects. It gives qualified participants the chance to contribute to pre-vetted token sales directly from their personal wallet through common crypto assets, and with no personal data or funds held by the exchange.

Tokinex uniquely does not require tokens to pay an upfront fee for listing and following a successful capital raise are subsequently listed on the two exchanges as permitted by applicable law.

For further information please contact.

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