Connect with us

Don't Miss

BitMart’s BMX Market Generates $12 Million USD in Trading Volume First Day

Published

on

BitMart

Following the launch of their Mission X program, BitMart Exchange listed 13 new projects as trading pairs for their utility token, BMX. Those trading pairs went on to combine for a total trading volume of $12 Million USD on the first day of trading on BitMart’s BMX Market and paid out $12,000 in dividends to investors. The BMX Market is a part of BitMart’s Mission X: The Community Listing Market, a new program that aims to spark innovation for the blockchain industry and that has already raised over 14 million BMX in investments from supporters.

What is Mission X?

BitMart’s Mission X: The Community Listing Market is a program similar to FCoin’s “trans-fee mining” model but differs in several ways. Projects that apply for the program and that are approved by BitMart’s Coin Listing Review team are eligible for free listing on the exchange once they reach a total investment from supporters of 1 million BMX. Once a project meets the investment requirements the project will be listed as a trading pair of BMX on BitMart’s BMX Market. Unlike FCoin who only offers users 10% of the trading fees from projects they invest in, BitMart’s program rewards users all of the trading fees from their BMX Market.

“This program gives users the ability to decide which projects users 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.”

13 New Projects Already Listed on BitMart’s BMX Market

BitMart’s Mission X program has gotten off to a strong start with 13 projects qualifying for free listing on the BMX Market, highlighted by projects such as 0x (ZRX), EOS( EOS), and FCoin Token (FT). 0x (ZRX) is an open, permissionless protocol allowing for ERC-20 tokens to be traded on the Ethereum blockchain; while EOS is a top 10 cryptocurrency with a blockchain-based, decentralized system that enables the development, hosting, and execution of commercial-scale decentralized applications (dApps) on its platform. Furthermore, FCoin Token (FT), is the utility token behind FCoin Exchange who is most famous for their recent “trans-fee mining” model.

Other projects qualifying for free listing in BitMart’s Mission X program include Wild Crypto (WILD), Sancoj (SANC), OASES (OAS), Daneel (DAN), Credo (CREDO), Contractium (CTU), XYO Network (XYO), Friendz (FDZ), Animation Vision Cash (AVC), and Scrumble Network (SKM).

Any projects interested in BitMart’s Community Listing Market are encouraged to 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 460,000 users worldwide and a top 40 ranking on CoinMarketCap. It currently 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 $944,000,000 USD and averages a daily trading volume between $30,000,000 and $40,000,000 USD. BitMart currently offers 69 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.

Don't Miss

A Guide to Exploring the Singaporean ETF market

Published

on

By

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…

Continue Reading

Don't Miss

Property Loans for Foreigners in Singapore That You Must Know About

Published

on

property loans for foreigners in Singapore

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.  

In this sense, Singapore has the Loan to Value Ratio (LTV).  

The LTV ratio is what determines the exact amount of money you can borrow for a property loan, which changes depending on where you try to obtain the loan:  

  • If you are applying for a bank loan, you can borrow a maximum of 75% of the value of the property you want to purchase. That means if you are looking for a property that costs $500.000, the maximum amount of money a bank lender can give you like a loan in Singapore is going to be $375.000. 
  • When you are applying for a loan with a Housing…
Continue Reading

Don't Miss

CoinField Launches Sologenic Initial Exchange Offering

Published

on

Sologenic

CoinField has started its Sologenic IEO, which is the first project to utilize the XRP Ledger for tokenizing stocks and ETFs. The sale will last for one week and will officially end on February 25, 2020, before SOLO trading begins on the platform.  Sologenic’s native token SOLO is being offered at 0.25 USDT during the IEO.   

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…

Continue Reading

Trending