Place/Date: - July 8th, 2020 at 10:00 am UTC · 3 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 FIO Protocol ($FIO) on July 9th at 10:00 a.m. EDT.
As the first platform to list FIO Protocol, BitMax will celebrate the listing with several promotional activities including an airdrop, trading contests, and a social bounty program. BitMax.io will also offer a limited subscription for its investment product, BitTreasure, with an estimated 28% APR to FIO token holders.
With regards to the listing collaboration, Shane Molidor, Global Head of Business Development at BitMax.io, notes:
“BitMax.io seeks to provide significant value to the FIO Protocol with its comprehensive support from listing to infrastructure buildout. Furthermore, we plan to integrate FIO addresses to the platform in the near future to facilitate seamless digital asset transfers – this will ultimately grow the utility of the FIO Protocol and FIO tokens.”
FIO Protocol is BitMax.io’s first primary listing in over a month. In lieu of a public sale or auction, BitMax.io users will receive exclusive access to earn FIO through a series of airdrops. Recent primary listings on the platform have achieved promising return on investment (“ROI”) for BitMax.io users with RiveX ($RVX) and xDai STAKE ($STAKE) currently trading at 8.6x and 4.8x respectively as of publication.
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.
FIO Protocol is a decentralized service layer that bridges the gap between crypto endpoints such as wallets, exchanges, crypto payment processors, and any other application in which crypto assets are held and/or transferred. The FIO Protocol facilitates ease of use for crypto products. The FIO blockchain, which went live in March, enables human readable FIO Addresses which eliminate the need for users to even see a public address, allows for FIO Requests which are decentralized payment requests which include FIO Data like invoices, order carts or a note to a friend who owes you money. FIO capabilities work across all blockchain tokens/coins from within FIO enabled crypto products. The FIO Protocol is already integrated partially or completely into applications including Edge Wallet, Guarda Wallet, Midas Wallet, Anchor Wallet, Scatter Wallet and Trust Wallet. FIO tokens are used to pay for all actions on the FIO blockchain that require computing power.
The Foundation for Interwallet Operability is a non-profit industry guided foundation whose mission is to advance the success of the protocol.
The open source software behind the FIO Protocol was backed by notable venture capital funds and angel investors such as Binance Labs, NGC, LuneX, Blockwall Capital, Access Ventures, Dundee Ventures, First Mile Ventures, and Erik Voorhees.