Well i am Intrested to know what will be the mark effect of volatility products on new customers??Please provide more information
it looks like these cards have no positive effect on the price of the BTMX tokens for now.
That's too much gimmickry for me now. It's fun in the short term, but for me it's not a serious product that helps to raise the exchange.
You can see that after the good start it is getting more and more difficult to convince the customers of the own stock exchange, so they try a lot at the moment.
Btmx price seems to be stuck at 89cents. I think thats because of the BitMax private sale tokens BTMXP. It makes BTMX look like a stable pair for exchange.
From these cards, BitMax will be getting some revenue right? People will be using those cards and I am assuming some fees will be taken from users ?
Every product launched by a centralised exchange is basically for profit motive. Bitmax would be selling the volatility cards at a discounted price and winners would redeem the cards at the notional value while loosers cards get expired. Expired cards are revenue for the exchange while winning cards are expenses.
Basically the more user lose more profit for Bitmax. And if users are winning all the bets then it's loss for BitMax.
This is how I understand it too. The more people or users get the right prediction it's like the more loss they will get. But I think it will not really going to be their loss too because the possibility that they will going to get more attention for the project.
The concept of the project puts Bitmax on the loosing end when there are more wins by the participants, but I still have a firm conviction that they've done their product analysis and have put all the indices together to ensure that they are not on the loosing end in the product lifetime. It may seem they're are loosing at the initial end, but that's structured to help gain popularity and increase participation, at the end of the day, they're profit margin would be higher.
I doubt that they will loose, its a probability thing and with winners comes more investors that will be attracted to the project because of the positive responses coming in, which will be a good thing for the brand, its like a gambling thing, some will win, some will loose but its best to be on some sort of balance scale, well, its something no one have control over
Yeah, That's one of the best factor of having this kind of event. It's really either they will loss but attract more people or investor or they will win at the same time attracting more people too.