Place/Date: - April 24th, 2019 at 7:56 pm UTC · 4 min read
Contact: BitMax.io, Source: BitMax.io (BTMX.com)
DUO Network, a growing platform that aims to build a trustless derivatives marketplace, has announced the token pre-sale for BitMax.io (BTMX.com) users from 8:00 a.m. EDT, Apr 27th, 2019 to 9:00 a.m. EDT, Apr 27th, 2019. While DUO Network, as the organizer, takes full legal responsibility, BitMax.io will provide technology and execution support for this pre-sale.
Previous issues in volatility have gone rather unaddressed in the digital derivative trading space. With the velocity of prices and a global acceptance of cryptocurrency as a means of asset management, there is a dire need to mitigate risk in a way that matches the speed and growth of the cryptocurrency market as a whole.
While these problems make it difficult for platform users to manage their risk systematically and rapidly, a group from top-tier institutions such as Citi, Credit Suisse and VISA, with solid experience in trading, quantitative analysis and engineering have come together. With the aim to build a trustless derivatives marketplace, they designed DUO Network.
DUO Network is a decentralized platform that enables issuance, trading, and settlement of tokenized digital derivatives. The platform aims to reduce risks and barriers in traditional derivative transactions, through collateralized smart contracts and distributed price feeds, thereby creating a transparent and autonomous derivative marketplace.
DUO Network allows for derivatives to be traded directly on the chain and has thus addressed the issue of illiquidity in the existing crypto derivatives market. Additionally, by utilizing the core aspect of blockchain technology, the platform allows for a merging of the traditional roles a clearing houses and an exchange. This allows for the facilitation of derivatives trading with a standardized set of rules, as well as reducing counter-party risk for traders.
BitMax.io is the industry leading next-generation digital asset trading platform that provides a broad range of financial products and services to both retail and institutional clients across the globe. This innovative trading platform was founded by a group of Wall Street quant trading veterans and built upon the core values of blockchain, transparency and reliability, to deliver high-quality client services and trading experience.
With primary objective to list only top-tier quality projects as part of its client-centric strategy, BitMax.io has expanded its global client base to over 150,000 registered users and 53,000 active community members. Besides, BitMax.io has always strived to go beyond industry norm and advance its listing partners by leveraging the strong relationship they have built with their users and community through multiple channels. Now they are providing technology and execution support to listing partners’ token pre-sale as a new effort to tap into their deep user bases for support of new listings.
BitMax.io plans to list DUO Network (DUO) under the trading pairs of DUO/USDT and DUO/BTC, with the pre-sale to its users from 8:00 a.m. EDT, Apr 27th, 2019 to 9:00 a.m. EDT, Apr 27th, 2019. Deposits and trading will start at 9:00 a.m. EDT on Apr 28th 2019; while withdrawals activates at 9:00 a.m. EDT on Apr 29th 2019.
Please note that the pre-sale will only be available to the users from the countries and regions where the local laws and regulations permit the participation. For more details of this pre-sale, please visit the Announcement of DUO Network (DUO) Presale page on BitMax.io official website.
The digital asset market, although no longer in its infancy, is still rapidly evolving. With constant change, issues also arise. As a result, an increasing number of projects are developed to address the gaps and inefficiencies of the industry. By partnering with DUO Network, BitMax.io has demonstrated its comprehensive abilities to provide multi-dimensional support to another high-quality project that may enhance the marketplace of tokenized digital derivatives.