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BitMart Exchange Launches Mission X: The Community Listing Market
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 offers crypto-to-crypto trading 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, Japan and Hong Kong. Since launching in March, BitMart has a total trading volume of over $760,000,000USD and averages a daily trading volume between $25,000,000 and $35,000,000 USD. BitMart currently offers 53 trading pairs for BTC, ETH, USDT, XLM, EOS, VEN, NEO, OMG, ZRX, IOST, ABT, AE, AISI, BBK, BTM, DPST, EFX, GNT, HYDRO, KAN, MKR, ONT, RHOC, XRR, ZIL, MOBI, and BMX.
To learn more about BitMart visit their Website, Twitter or join their Telegram.
Singapore’s Exchange Traded Fund (ETF) market has grown, offering investors diverse investment opportunities and access to different asset classes. As the market evolves, investors must navigate these uncharted waters with a clear understanding of Singapore’s ETF landscape. This article explores the trends, challenges and strategies for navigating the Singapore ETF market. To start investing in ETFs, you can visit Saxo Capital Markets PTE.
The Singaporean ETF Market: Exponential Growth
The Singapore ETF market has seen significant growth in recent years, with an increasing number of ETFs covering a wide range of asset classes and holders. different investment topics.
One of the notable trends in the Singapore ETF market is the growing diversity of available options. Investors can now choose from ETFs that track domestic and international stock indexes, bonds, commodities, and specialist sectors or themes. This diverse range of ETFs allows investors to create comprehensive portfolios tailored to their investment goals.
The growth of the ETF market in Singapore is also due to growing investor demand for low-cost, transparent, and accessible investment vehicles. ETFs offer benefits such as intraday liquidity, real-time pricing, and the ability to trade on exchanges. These characteristics have made ETFs attractive to retail and institutional investors who want exposure to different asset classes.
Regulatory Landscape and Investor Protection
The Monetary Authority of Singapore (MAS) is the…
Intending to invest in a residential or commercial property in Singapore?
When it comes to foreigners applying for a loan in Singapore, things can be pretty hard regardless of the reason whether you need the property for personal or business purposes.
In Singapore, buying a property is challenging, whether you are a foreigner or a native, and sometimes applying for a loan is the only way for you to afford it.
HOW MUCH CAN YOU BORROW FOR A PROPERTY LOAN IN SINGAPORE?
As for the Foreigner Loans, in Singapore, there is an exact amount of money you can borrow to finance the purchase of a property.
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Earlier this month, Sologenic released the very first decentralized wallet app for SOLO, XRP, and tokenized assets to support the Sologenic ecosystem. The app is available for mobile and desktop via the Apple Store and Google Play. The desktop version is available for Windows and Mac.
“By connecting the traditional financial markets with crypto, Sologenic will bring a significant volume to the crypto markets. The role of the Sologenic ecosystem is to facilitate the trading of a wide range of asset classes such as stocks, ETFs, and precious metals using blockchain technology. Sologenic is an ecosystem where users can tokenize, trade, and spend these digital assets using SOLO cards in real-time. The ultimate goal is to make Sologenic as decentralized as possible, where CoinField’s role will be only limited to KYC and fiat ON & OFF ramping,” said CoinField’s CEO…
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