BitMax Token Whitepaper

With the explosive market development of cryptocurrency industry, digital asset exchanges have evolved to be one of the most important parts of the blockchain industry.

They support the increasing market demand for trading and playing the significant role of connecting the primary and secondary markets for all the market participants from those involved in project finance and venture capital to institutional and retail investors, and ultimately facilitating the capital formation mechanism in the cryptocurrency ecosystem.

The economic model of blockchain technology is built upon digital tokens and the consensus mechanism- digital tokens unlock the economic value and activate the internal ecosystem of the blockchain; while the distributed consensus mechanism ensures the efficiency of the operating platforms. The incentive system based off interest and profits is the core driver to the development of blockchain projects in the cryptocurrency economy.

The blockchain technology has emerged as the core system and tools in support of autonomous management. After Satoshi Nakamoto established a set of general rules in his 2008 white paper “Bitcoin: A Peer-to-Peer Electronic Cash System”, the entire blockchain community has been operating through a decentralized approach, further gradually evolving into a distributed autonomous system. Similar to the traditional market economic system, the distribution of products is dependent upon the quantity and the output of labour; whereas the right of usage, ownership and right to operate together with investors, shareholders, employees, and customers are fully integrated in the blockchain eco-community. As a result, all the participants would share in the benefits of community development and support better mobilisation of resources, in order to create a virtuous cycle of profitability. The recent development and expansion of the blockchain ecosystem has ushered in a new era of the distributed autonomous economy over the traditional economical forms of capitalism and socialism.

The team believes that blockchain technology is improving the efficiency of organisational collaboration through the usage of a user-based intrinsic value exchange system.

With this vision in sight, the team has launched, an innovative next-generation digital asset trading platform, in the mission to support financial market innovation and advancement of crypto economy. The team hopes that through building upon a series of open and fair market rules, would be able to boost the liquidity of overall market, enhance market depth and support the blockchain structural optimisation. Leveraging on blockchain technology as well as team’s deep global trading and management experience across traditional finance and Internet, aims to establish global trading platform that provides a broad range of products and services for global retail and institutional clients with its relentless focus on transparency, reliability and quality of execution and client services.

BitMax Token Website
BitMax Token Whitepaper