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