As the demand for digital and crypto-assets grows, the long-term success of trading platforms is dependent on several factors including architecture design, scalability, ease of use, security, and the handling of highly-volatile market conditions.
BitMax.io [“BitMax”] is a new autonomous digital asset trading platform designed to be a global operator of crypto-exchanges, providing cryptocurrency trading services to a broad clientele including institutions, professional traders, and private investors. BitMax prides themselves as having the lowest transaction fees in the industry at 0.04%.
Founder George Cao graduated from both the University of Chicago and the University of Science and Technology of China. After receiving his Ph.D. in Computer Science, George worked at Wall Street Knight Capital and Barclays Capital specializing in quantitative trading and venture capital. Later, as CEO for the quantitative trading fund, Delpha Capital Management, George successfully identified, invested, and incubated several blockchain projects in New York.
BitMax has attracted the attention of many top crypto venture capital firms including FBG Capital, BitMain, Matrix Partners China, DHVC, GBIC, Perseverance Capital, and Palm Drive. They reportedly collected over 17,000 followers on their Telegram and WeChat social media channels within the first 10 days of operation.
To better understand how and why BitMax has received so much attention, it is important to reiterate their unique position in the market. Leveraging their quant trading background and deep knowledge of the capital market, BitMax is building out their core institutional-grade trading platform and full exchange operations with an innovative approach to transaction-fee based “Trans-Fee Mining” model as part of overall liquidity strategy.
The Trans-Fee Mining model works by reimbursing trading fees to traders in the form of the exchange’s own tokens. The more traders trade, the more tokens they receive, hence the term “mining.” The Trans-Fee Mining model is an effective incentive mechanism to drive volume to exchanges, pushing the exchange token’s value higher and converting users to traders. Additionally, BitMax’s transaction fees are the lowest in the industry at 0.04%.
BitMax understands that while the Trans-Fee Mining approach will help drive short-term token performance and transaction volume, it cannot be solely relied upon to support a healthy token economy; risks must be mitigated to prevent a pump and dump of the exchange’s token. In response, BitMax has come up with a clever lock-up and recall mechanism to prevent their tokens from being undersold. These two key strategies help to mitigate risks and protect BitMax investors.
For more information, follow BitMAX on:
The FunFair Blockchain Platform Now Hosts CryptoCasino.com
RakeTheRake Goes Live as First White Label Partner of Leading Blockchain Provider
RakeTheRake’s CryptoCasino.com has been launched on FunFair Technologies’ leading blockchain casino platform as a licensed white label.
CryptoCasino.com is the first external white label of FunFair, and the casino is ready to dive into the rapidly growing blockchain gambling scene. In 2019 alone, this industry sector recorded over 1 billion dollars’ worth of wagers.
Through this launch, the brand is able to reach the FunFair’s base of 65,000 FUN holders, adding more to its own sizable player base which has been developed over the years of hosting its internationally popular poker affiliate program.
As RakeTheRake’s first endeavor in both the online casino and blockchain space, CryptoCasino will showcase how easy and low-cost it is to launch a successful casino domain on the FunFair platform.
CryptoCasino will raise the standard of the blockchain gambling game by incorporating FunFair’s Guaranteed Fair technology and its ever-growing library of casino and instant win titles.
RakeTheRake’s Founder and CEO, Karim Wilkins, said:
“Becoming FunFair’s first white label with CryptoCasino gives us great satisfaction. We’re extremely confident in our brand, the platform, and the innovative affiliate technology, and we can’t wait to take CryptoCasino and its players to the moon.”
FunFair’s Co-Founder, Jez San, stated:
“CryptoCasino’s launch is a major landmark on the FunFair roadmap and we’re excited to partner with expert marketers in RakeTheRake who will drive further adoption to our gaming ecosystem.”
“We continue to update our platform to ensure it’s user-friendly for those with and without crypto knowledge and we are working on the next steps with RakeTheRake, with the CryptoCasino players being able to confirm our position as the leading blockchain gaming provider.”
The CryptoCasino.com domain is live and accessible to all players within supported countries. As an opening giveaway, new players will be able to benefit from a limited time sign-up bonus of $60 worth of FUN tokens.
FunFair Technologies Description
FunFair is among the most recognized B2B blockchain-based casino platform providers in the industry. By using the advantages of blockchain, FunFair strives to change the casino industry for the better. The casinos based on their platform have lower costs, the games are accessible to a larger customer base, and players are able to engage in guaranteed fair gambling.
The 40-member team behind FunFair has over a century of combined experience in the gaming and casino sector, and two decades of knowledge in the blockchain. This enables them to provide a platform which features quality slots, tables, and unique instant win games which operate on transparency and fairness.
FunFair was established by Jez San OBE, Jeremy Longley and Oliver Hopton in 2017, with their headquarters being based in both Dublin and London.
CryptoCasino is a new breed of casino which merges the benefits of blockchain with cutting edge technology to provide players with a guaranteed fair gambling environment. As CryptoCasino uses FunFair Technologies’ blockchain casino platform, its players will experience the most qualitative games in the industry with the utmost transparency.
Armchair Partners Ltd, an online gaming affiliate, manages CryptoCasino as a white label and also runs RakeTheRake.com, a poker rakeback brand. The company is based in the UK and Sweden; it was first established in 2004.