4 Reasons Why You Should Hold BMX Coins

What is BMX?

BMX is the token of BitMart Exchange. During their public offering of tokens, BitMart issued exactly 1 billion BitMart Coins (BMX), where in 300 millions of the total supply was offered to participants during the token sale. BitMart completed an ICO in January 2018 and they raised about $12,000,000.

Who is Behind BItMart?

BitMart was created by the BitMart Foundation. BitMart Foundation was launched by Sheldon Xia (Founder and CEO) who obtained a Master’s degree from Stevens Institute of Technology in the United States. He is a former founder of Xingmei Media Company and a serial entrepreneur. He is one of the earliest digital currency developer who once led a team to develop and operate one of the first virtual currency trading platforms in China.

Here Are The Reasons Why You Should Hold BMX Coins

1. Easy to Register

Their registration process takes merely seconds to complete unlike other exchanges which require waiting periods that can last for weeks. Fee free to register at BitMart by using my referral link here: https://www.bitmart.com/?=186935

2. Lowest Trading Fee

When users conduct transactions on BitMart, they will get a discount on the trading fee if they have BMX, no matter what tokens they trade. The detailed discount will be disclosed soon. The good thing is that BitMart decided to extend their 0% trading fee policy until June 1, 2018 to encourage new users to sign up for the platform.

3. Secure and Reliable

BitMart is built on the Google Cloud Platform. It makes full use of distributed computation, such as Google Spanner and BigTable to support large concurrent operations and ensure the security of the user data. BitMart also stores customer funds in cold storage using NetGap technology to protect the security of the user’s assets.

4. Future Appreciation Potential

BitMart Team will take out 20% of the income earned from trading fees on the platform every month to repurchase BMX. The repurchased BMX will be destroyed completely and the mechanism will continue to work until 500 million BMX (50% of the total supply) are destroyed. By destroying BMX tokens, the value should increase and will lead to a higher demand for BMX.