BitMart Exchange kicked off the official launch of Mission X: The Community Listing Market, a new program that will spark innovation for the blockchain industry with 9 projects joined and 4 already qualified for listing on the first day.
Wild Crypto (WILD) Among One of the Projects Already Qualified for Listing
After reaching 1 million BMX on the first day in the Investment Lab, Wild Crypto (WILD) will be listed on the BMX market by August 1st. Wild Crypto (WILD) is a website where users can play games of chance and enter lotto draws by purchasing an online ticket to bet on the outcome of the Wild Crypto Lottery or play Instant Win games on the screen to win cash prizes.
This project comes from Wild Crypto B.V. which is a privately owned and operated company registered in Kaya Richard J. Beacon Z/N, Willemstad, Curaçao. This Service operates under the License No. 1668/JAZ issued to Curaçao eGaming, authorized and regulated by the Government of Curaçao.
Other projects qualifying for listing on the first day include OASES (OAS), Sancoj (SANC), and ZRX (0x).
BitMart’s Mission X Offers Advantages to Both Projects and Traders
Traditionally, investors seek out projects in their ICO stage hoping that the project will go on to become a success and give them a high return on their investment. However, in many cases, these projects fail to be listed on a major exchange and never provide investors the returns that they were looking for. None of this is to say that ICO’s are not important to the world of cryptocurrency and blockchain, but it does point to the need for a solution. That is why BitMart has developed a new way for both projects and investors to benefit from with Mission X: The Community Listing Market.
To summarize, projects will be able to raise the money necessary for listing in the Investment Lab in the form of BitMart’s token, BMX. Once the total investment for a project reaches 1 million BMX that project will be listed on the BMX market as a trading pair for BMX. Additionally, trading pairs on the BMX market will have a 0.1% trading fee, which will be rewarded to investors on a daily basis. BitMart will also raise the investment cap to 5 million BMX for projects in the first 3 days of each month following listing on the BMX market, allowing users to capitalize even further on their return on investment.
BitMart’s Coin Listing Review team will also review each project for BitMart’s main trading markets.
“This program gives users the ability to decide which projects they want to be listed on the exchange, creating a self-regulated market. It also allows projects newly out of their ICO stage to obtain listing on a major exchange early in their development path, spurring growth and innovation for blockchain technology.”
What is BMX?
BitMart token (BMX) is an ERC-20 based token issued by BitMart Exchange with a total volume of 1,000,000,000 tokens. 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. The first BMX burn has completed at the end of July, and the next round will take place at the end of August.
On July 13th, BMX was listed on CoinMarketCap (CMC) with a price of $0.0542 USD which greatly improved the exposure of BMX. The price of BMX rose to $0.055967 as of writing.
BitMart aims to create a self-regulated market and decentralized mode which comes from its gene and vision. BitMart Exchange is a premier global digital asset trading platform in the cryptocurrency market with over 450,000 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 $894,000,000 USD and averages a daily trading volume between $30,000,000 and $40,000,000 USD. BitMart currently offers 53 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.
Any projects interested in BitMart’s Community Listing Market can submit their applications by filling out the following Google form: https://goo.gl/forms/pn3d84NPNlJYKCyL2.