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CVN Partnership Highlights: BitMax.io plays a pioneering role in the global digital asset exchange space

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CVN Partnership Highlights: BitMax.io plays a pioneering role in the global digital asset exchange space
Source: BitMax

BitMax.io [BTMX.io], as the leading third-generation digital asset exchange, provides a broad range of products and services to global retail and institutional clients. Founded by a group of Wall Street veterans, BitMax.io not only relentlessly focuses on transparency, reliability, and quality of execution and user services, but also leads in offering innovative trading services to clients, including the recent launch of the industry’s first “transaction-mining and reverse-mining” mechanism on November 18th, 2018. Since then, the platform has grown its user base to over 70,000 users and offers more than 50 active trading pairs.

CVN, otherwise known as the Content Value Network, is a blockchain-based content creation and sharing network. The platform was launched in June 2018 with the vision of enabling users to view a wide range of content and interact with content creators, users, and a broader CVN community. With support for a variety of media types such as audio, video, and images, the platform will bring user-generated and prime content such as American, Japanese, and Korean dramas to a global audience in a fast, secure, and reliable manner.

CVN delivers content by merging blockchain and distributed P2P services to create a highly autonomous community where users can easily transfer, filter, and review online content with one another. This will help interested users find relevant content quickly and also act as an integrated filtering mechanism to remove spam and unwanted content.

With strategic investments from top venture capital institutions such as FBG Capital, BitMain, and Matrix Partners China, BitMax.io has quickly ramped up trading activities, especially with innovative initiatives such as transaction-mining and reverse-mining. Within the first 24 hours post-launch, the trading volume on BitMax.io reached approximately $1.4 billion USD.

By choosing BitMax.io as their token’s primary listing partner, CVN has further demonstrated its ambition to lead the development of innovative blockchain ecosystems and advanced architecture designs. The partnership also enhances the credibility of BitMax.io as a reliable exchange partner, as well as showcases the strength of its trading platform and development team.

The BitMax.io team has extensive experience in capital markets, technology, high-performance quant trading and token economics. The depth and breadth of those experiences is the key driver of their innovative trading platform as well as their transformational approach to crypto trading.

BitMax.io provides the lowest transaction fees in the industry at 0.04% while providing exceptional infrastructure support and a fantastic trading experience. The platform also supports the industry’s fastest transaction throughput at 400k TPS, which influenced CVN’s selection of BitMax.io as a primary listing partner. Both firms continue to lead innovation in their respective industry – Bitmax.io in crypto-trading and CVN in blockchain content delivery and networking. The blockchain space looks forward to a future made brighter by this important strategic partnership.

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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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