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Ethereum-based BitMart Token (BMX) Now Listed on CoinMarketCap

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BitMart
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BitMart Token (BMX) has been listed on CoinMarketCap (CMC) with a price of $0.0542 USD as of writing. BitMart Exchange itself was listed on CMC in early June and currently has a daily trading volume of $22,630,975.23, earning it a top 50 ranking on CoinMarketCap.

What is BMX?

BMX is an ERC-20 based token issued by BitMart Exchange with a total volume of 1,000,000,000 tokens. When users conduct transactions on BitMart, they will get a discount on the trading fee if they use BMX, no matter what tokens they trade.

Repurchase Mechanism

BMX also features a repurchase mechanism in which the BitMart team will take out 20% of the income earned from trading fees each month to repurchase BMX. All repurchased BMX will then be destroyed, with repurchase records released by BitMart immediately to ensure transparency. This mechanism will continue until only 500 million BMX are left. Since trading fees began June 20th, the first burn is scheduled to take place at the end of July.

About BitMart

BitMart is a premier digital asset trading platform with more than 449,000 users from over 160 countries. 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, India, Singapore, Japan and Hong Kong. Since launching in March, BitMart has a total trading volume of over $549,000,000USD. BitMart currently offers 53trading 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.

BitMart currently offers a Refer-A-Friend Program, where users can invite friends to join using a referral link and receive a commission from their friend’s transaction fees. The commission rate is 50% of the transaction fees from direct referrals, and 10% from indirect referrals (i.e., people who sign up using the referral link of some who you referred). There is no limit to the number of people you can invite and you can start collecting referrals now. In addition, the commission from the referrals‘ transaction fees will be paid to users in BTC.

In addition to current promotions, BitMart will also soon be opening a new market for their utility token, BMX. Projects will be able to obtain investment from supporters in the form of BMX and use it to list their tokens on BitMart Exchange as a trading pair for BMX. All transaction fees from the BMX market will go directly to the users who supported the project. Once a project has proved successful on the BMX market, it will be reviewed for listing on BitMart’s BTC and ETH markets without a listing fee.

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

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Why no one should be using banks

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why no one should be using banks
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If government is the devil, the bank is a demon.

It’s not your money anymore.

The moment you put your money on your bank account it becomes the property of the bank. Legally speaking you have just lend your money for minuscule interest. And since the money is not your, terms do apply, so you cannot withdraw all of them in one day, if the amount is high.

Government will know everything

Today banks are obligated to tell the authorities everything they know about you, including how much money you have, how you got it and where you spend it. The golden age of bank secrecy is over. Of course if you are a law abiding citizen, you might think that you have nothing to hide, but it’s not about hiding stuff. It’s about basic human right, and rightness for private life. The government should not be allowed to watch you.

Banks ask too many stupid questions

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They can legally suspend your account or even steal your money

Laws are not made to protect people, they are made to protect the…

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Neteller to Launch a Crypto Exchange

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Neteller
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The way to make sure that the cryptocurrency momentum continues and that cryptocurrency credibility occurs is when big companies begin offering services based around cryptocurrency and other features of blockchain. This was certainly the case when Neteller recently announced it will offer a cryptocurrency exchange service in addition to its digital wallet services. The company announced that the 28 currencies compatible with the fiat wallet were able to buy, sell, and hold cryptocurrencies – including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin. It makes sense to begin with Bitcoin and Ethereum as they are seen as the originators of what cryptocurrency and blockchain can do and also the future of how blockchain can be used, despite news that Ripple may be set to topple them all. Neteller’s move into cryptocurrency shows it has its sights set on a bright future of cryptocurrency and making it more accessible. But where do they stand now?

Neteller and Cryptocurrency

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MGO Will Likely Generate Substantial Gains During 2019

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MGO
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My new year’s resolution is to put the past year behind me and start fresh.  This means to stop worrying about past losses and focus on all the exciting projects that blockchain technology has made possible.  When analyzing new projects, I tend to look for projects that have 2 advantages; growing industry and lack of competition.  Companies with these advantages have always done well in the equity markets and there is no reason to believe they won’t do well in the crypto markets.  MobileGo (MGO) is one such project that will be one of the biggest winners during the next 12 months.

MobileGo’s currency, MGO, performed better than nearly every other token during the past 12 months.  While most altcoins were plunging by more than 90%, MGO is only down about 50%.  And, since September, the MGO token has exploded by more than 200%.  These trading gains can be attributed to increasing adoption rates of the MGO token, most notably on the Xsolla platform.

Xsolla is a global powerhouse within the gaming industry.  It’s a gaming platform that provides developers with critically important services such as marketing, billing, distribution, payment processing, and fraud prevention.  Xsolla’s pay station allows for every developer in the world to monetize by providing 700+ payment types.  The company also has a global presence that is unmatched by reaching 200+ geographies, utilizing…

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