spot_img

BitMart Exchange Launches Mission X: The Community Listing Market

 

GRAND CAYMAN, Cayman Islands, July, 2018  — Even with the current rise in the value of cryptocurrencies, including the increase in the price of bitcoin, investors are still seeking new opportunities within the cryptocurrency market.

Recently, the “trans-fee mining” model by FCoin Exchange has become a hot topic. Many investors have been attracted to the model, seeking exchanges that offer a listing process that both lets them take part and which is profitable to them.

BitMart recognizes the wants and needs of its users and agrees with the concept of community listing. As such, BitMart Exchange is launching Mission X: The Community Listing Market.

What is Mission X?
To summarize, projects will be able to obtain investment from supporters in the form of BMX and use it to list their tokens on the BMX market as a trading pair for BMX. All transaction fees from the BMX market will go directly to the users who supported the project. In addition, successful projects will enter BitMart’s main trading markets.

Investment Lab
Projects will first seek to obtain investment from supporters in the Investment Lab. Initially, projects will be limited to ERC-20, NEP-5, and Stellar smart contracts. Users will be invited to support their favorite projects by investing in them using BMX. The limit for investing in any given project will be 1 million BMX. Any BMX invested by supporters will be frozen for 90 days in order to allow the project enough time to reach the next stage. If a project does not reach 1 million BMX within that period, all BMX will be unfrozen and returned to investors.

BMX Market
Once investment reaches 1 million BMX, projects may enter the BMX market, offering their token as a trading pair of BMX with a 0.1% trading fee. All transaction fees from the BMX market will be rewarded to supporters on a daily basis. To ensure transparency, BitMart will disclose all earnings, along with the anonymized email addresses of the supporters. Supporters will be allowed to redeem their BMX at this stage, however, if a project falls below 1 million BMX it will be delisted from the BMX market. Warnings will be issued 15 days beforehand, giving sufficient time for re-investment. Any delisted project will return to the Investment Lab until investment reaches 1 million BMX again. Additionally, BitMart will raise the investment cap to 5 million BMX for projects during the first 3 days of each month after being listed on the BMX market.

Main Trading Markets
After being listed on the BMX market, BitMart’s Coin Listing Review team will review each project for BitMart’s main trading market. If successfully listed on BitMart Exchange, projects can still trade on the BMX market as long as investment from supporters does not fall below 1 million BMX.

What are the Benefits of Mission X?
“This program gives users the ability to decide which projects they want to be listed on the exchange, creating a self-regulated market,” said Sheldon Xia, Founder and CEO of BitMart. “It also allows projects newly out of their ICO stage to obtain listing on a major exchange early in their development path, spurring growth and innovation for blockchain technology.”

Any projects interested in BitMart’s Community Listing Market can submit their applications by filling out the following Google form: https://goo.gl/forms/pn3d84NPNlJYKCyL2.

About BitMart
BitMart Exchange is a premier global digital asset trading platform in the cryptocurrency market with over 450,000 users worldwide and a top 40 ranking on CoinMarketCap. BitMart currently offers 53 trading pairs for coins and utility tokens only. BitMart has a global team with extensive industry experience from all over the world including the United States, Russia, South Korea, Singapore, Japanand Hong Kong. Since launching in March, BitMart has a total trading volume of over $760,000,000 USD and averages a daily trading volume between $25,000,000 and $35,000,000 USD.

To learn more about BitMart visit their WebsiteTwitter or join their Telegram.

Media Contact:
Shirley Qian
[email protected]




I want to grow my online platform to create awareness about ethical consumerism, environmentalism, and the plant-based lifestyle. My main mission is to share information that empowers people to make better choices and create a VEG NEW WORLD :)


Your support is vital and is helping me share the collected information with thousands of readers and viewers. I try to deliver exclusive stories and relevant content in a challenging commercial environment. Your contribution helps me to cover the costs that my service requires. Please consider contributing (no matter how small) to keep the information flowing so you can remain informed and have life changing interviews and stories to share.

spot_img

Subscribe

Related articles

Plant Veda’s PlantGurt Awarded Best in Show at Planted Expo

The spoonable yogurt will be soon available in certain...

New York named as the best city to be vegan in the US

  One in ten (10%) Americans now consider themselves vegan...

United Debuts New Plant-Based Menu Items from Impossible Foods

  As part of a new collaboration, the Impossible™ Meatball...

Nuts For Cheese™ Closes $5.35 Million Round To Expand Manufacturing & Distribution

  Chef Founded Organic, Plant-Based, Artisanal Cheese Company Ready to...
spot_img
Betty Tűndikhttps://vegnew.world
Hi everyone! Nice to e-meet you! Here are a few things you should know about me. I am a conscientious, open-minded, adaptable to new experiences, and ambitious Business Development Manager with a Bachelor's Degree in Economics - Banking, Finance, and Accountancy. Through my studies, I've also obtained many naturopathic and nutrition degrees as well. Part-time jobs have added marketing, network marketing, event management, and store management skills to my experience throughout my career. Throughout my career, I have also been a Hotel Manager and owned a Bar/Restaurant & Internet Cafe. My online marketing and social media interactivity experience was gained when I and my husband started a business with an online/organic webshop & healthy lifestyle consultancy. I've improved my English at Cambridge Academy of English - 2003, in Cambridge. I live a conscious lifestyle, and try to protect the ecosystem. Animal lover and capable of helping others without judgment or negative reactions, this is thanked my knowledge in holistic therapies and the naturopathy courses I've followed. I cannot leave for my spiritual growth and the continuous development in alternative and holistic therapies, so I'm learning at Kyron School of New Consciousness, receiving a Bio Energo-therapist diploma. Thanks to all my experiences I've decided to venture into publishing and writing, while also continuing to learn many new things daily. I hope you enjoy reading my hand-picked news and check back for my weekly articles.