Place/Date: - March 10th, 2021 at 7:48 am UTC · 4 min read
Contact: BitMax.io, Source: BitMax.io
BitMax.io (BTMX.com), an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the launch of its staking service for DIVI token (DIVI) on March 9 at 9 am.
BitMax’s innovative staking product allows users to participate in staking and earn rewards directly on the platform. Divi joins a growing portfolio of notable tokens including DOT, ATOM, and XTZ. BitMax will be receiving validator rewards of 20% APY by running a DIVI node which will be passed along to staking users.
DIVI has enjoyed excellent growth year-on-year and 2021 is set to be an important year for the Divi Project, with several new partnerships slated, a move into DeFi and the incoming launch of its mobile wallet.
Shane Molidor, Global Head of Business Development at BitMax.io, said:
“As a global trading platform, we go to great lengths to eliminate any friction for our users so they can learn and interact with a project’s underlying protocol. We found this especially important to re-engage our users so we can incentivize them to do more than trade on BitMax. The Divi Project provides a powerful solution with its original masternode network. By staking DIVI, BitMax.io shares rewards earned with BitMax users while simultaneously supporting the DIVI network.”
Built with humans in mind, Divi’s solutions are solving the issues of usability and accessibility that have inhibited mainstream adoption of cryptocurrencies. The results are the software and services that make buying, selling, and using cryptocurrencies faster, more secure, and accessible to people at all levels of technical expertise.
Nick Saponaro, CIO, Divi, said:
“The BitMax staking integration is an important milestone in the achievement of our Divi Everywhere vision. The timing of the partnership feels like kismet as both Divi and BitMax enter new paradigms in our individual businesses. We look forward to the opportunities for growth this new partnership provides.”
By removing barriers to entry, innovating new frictionless technologies, and delivering use cases for the developed and developing world, Divi is helping people across the globe to engage in the Crypto economy and achieve financial freedom and inclusion.
BitMax is the first digital asset trading platform to provide validator staking service for DIVI, highlighting BitMax’s strategic vision for projects and its ability to offer comprehensive services beyond just listings to support their sustainable growth.
1) Minimum Delegation Amount: 100
2) Minimum Staking Period: unstake anytime
3) Reward Calculation Starting Time: T+1
4) Reward Distribution Starting Time: T+2
5) Reward Distribution Cycle: daily basis
6) Regular Unbonding Period: 1 day
7) Instant Unbonding: Supported
8) Instant Unbonding Fee: 1%
9) Compound Mode: Supported.
Launched in August 2018, BitMax.io is a leading digital asset trading platform with a broad range of financial products and services for both retail and institutional clients, with robust and innovative design ranging from cash and margin trading, derivatives trading, staking products, to other investment solutions.
Divi is on a mission, to make crypto easy to use, more efficient, and accelerate its mainstream adoption. By removing barriers to entry, innovating new frictionless technologies, and delivering use cases for the developed and developing world, Divi is helping people across the globe to engage in the Crypto economy and achieve financial freedom and inclusion.