Cryptocurrency buying and selling has advanced far past “purchase bitcoin, commerce for ETH.” Because the market matures, a variety of spinoff merchandise has been launched in response to the rising urge for food from retail and establishments alike for extra subtle mechanisms to deploy capital and hedge threat.
The highest cryptocurrency exchanges are providing funding alternatives like crypto margin buying and selling or bitcoin perpetual contracts whereas concurrently launching their very own change tokens to energy these new merchandise. That’s why savvy buyers trying to discover these new, thrilling methods to spend money on crypto are accumulating BTMX tokens.
What is BTMX?
Issued on November 11, 2018, with an initial price of ~$0.03, BTMX is the native utility token for the AscendEX platform with a total supply of 10 billion and a current circulating supply of approximately 753 million. Traders can use BTMX to participate in new listings on AscendEX with priority access as well as take advantage of several digital products and investment opportunities built around the BTMX ecosystem.
AscendEX traders can use BTMX to purchase Airdrop and Investment Multiple Cards to significantly increase their token rewards from airdrops or one of the platform’s investment products like BitTreasure.
Why investors love BTMX
BTMX has a fixed total supply with several built-in deflation mechanisms to remove tokens from circulation. For example, BTMX is required for traders to participate in AscendEX auctions for new listings. After an auction completes, all of the BTMX used for bidding is permanently locked in a smart contract, as effective consumption of the tokens.
The high number of traders eager to buy BTMX in anticipation of a new listing creates aggressive demand, leading to a buy-side imbalance that would reward all of the patient sellers and drive exciting price action for BTMX prior to each auction-driven listing.
Tens of thousands of BTMX are consumed every day by traders locking up BTMX with the BitTreasure investment product, purchasing Multiple Cards with BTMX, or bidding them in the auctions. To date, over 20 million BTMX have been removed from circulation with user bidding across four auctions. Approximately 540 million BTMX are locked up in BitTresure, meaning nearly 75% of the token supply is removed from circulation while simultaneously generating an estimated 20% APY for the token holders.
Holding BTMX can also unlock the value of the tiered AscendEX VIP trading program, possibly granting users the most favorable fee structures at the highest levels based on the level of their BTMX holdings.
A sophisticated way to invest in crypto
Trade like the most sophisticated crypto investors: visit AscendEX online to learn more about how BTMX can be a valuable addition to your portfolio.
