Place/Date: - June 17th, 2020 at 1:00 pm UTC · 2 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 listing of BetProtocol ($BEPRO) on June 18th at 10:00 a.m. EDT.
To celebrate the listing, BitMax will conduct a one-month pre-staking program with BetProtocol ($BEPRO). Token holders that delegate BEPRO with BitMax.io will receive estimated 35% APR and can also further enhance their yield with the platform’s compounding feature which automatically redelegates staking rewards. BitMax.io will support open-staking for BetProtocol once it is officially launched on the network, which is currently planned for mid-July of 2020.
With regards to the listing collaboration, Shane Molidor, Global Head of Business Development at BitMax.io, notes:
“BitMax.io seeks to provide significant value to the BetProtocol ecosystem with its combined support for listing and pre-staking. BitMax.io’s highly liquid markets can facilitate efficient buying for the $BEPRO operator network as they refill their platform GAS with minimal market impact. Pre-staking will also serve to familiarize the $BEPRO community with the process of delegating and unbonding; therefore, encouraging a more robust network stake ratio to coincide with the launch of open staking.”
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 design ranging from innovative volatility products to margin trading, derivatives trading, staking products, and other investment solutions.
BetProtocol is a SaaS platform that provides the infrastructure for Gaming Applications allowing entrepreneurs and developers to create their own blockchain gaming platforms in minutes with BetProtocol’s whitelabel system. The project’s mission is to create the next generation online gaming industry powered by blockchain.
The native token $BEPRO can be used as gas, security, oracle fees, independence, and governance. Tokens spent within the network’s expanded set of use cases are locked (not burned); therefore, creating a deflationary supply for $BEPRO tokens available to be sold in the secondary market.