Categories: Ethereum

BitMax.io (BTMX.com) and EtherZero (ETZ) Established Strategic Partnership

Click here to view original web page at www.ccn.com

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: "CCN+Hacked". Sign up here.

BitMax.io (BTMX.com), the industry-leading next-generation digital asset trading platform, and EtherZero, a smart contract platform for developers, have established a strategic partnership. EtherZero (ETZ) will be listed on the BitMax.io and trading begins on April 19th, 2019.

What is EtherZero?

EtherZero is a hard fork on Ethereum and provides a high scalability, instant payment, zero-cost decentralized platform for developers to deploy smart contracts and DApps. The advantage of instant transactions and zero fees make it an excellent platform for DApp development.

EtherZero Benefits

High scalability: EtherZero supports very high transaction volumes with fast verifications. It can process 1,400 transactions per second.Instant payment: It’s unnecessary for developers to worry about network congestion or transaction delays when deploying DApps. Block generation speed could be lower than one to three seconds thus reducing confirmation time.

Zero transaction fees: Whether developing a DApp, deploying a smart contract, or launching a transaction, there are zero transaction fees. The EtherZero system uses Power to ensure the operation of zero common transactions. Power is an EtherZero-origin native currency generated on the MPoS mechanism. It is not tradable or transferable and is only used for the consumption of Gas in transactions.

Innovative MPoS consensus algorithm: MPoS is the abbreviation of Masternode plus PoS. The MPoS consensus algorithm integrates a Masternode system with Proof of Stake in a two-tier network. This makes the platform fair and more decentralized. As long as participants have 20,000 ETZ coins and a cloud server, they can join in masternode mining and have the right to vote in the autonomous community.

Autonomous community: A high degree of community autonomy enables all masternodes to initiate community proposals, vote and participate in community construction. It is a means of reaching consensus on proposed changes to the network and the development of EtherZero ecosystem finance.

Use cases and future plans

EtherZero helps developers set up DAPPs that are frequently used in daily life and not necessarily limited to business and finance.

Some of the DApps currently on EtherZero are L’ETZ ROCK, a mining app and UnicornGo, Friends Farm and Hit the Crypto, all online games. The EtherZero team intends to design a proposal outsourcing and trading platform to connect game designers, writers, game manufacturers, etc.

In November last year, EtherZero formed a partnership with the Russian blockchain game IZX which currently has more than 40,000 users.

CryptoAds, the latest iteration of CallsFreeCalls, has teamed up with EtherZero. The platform allows users to make free calls to anyone, and is sponsored by advertisers. The partnership suggests that the company intends to provide the fastest service possible to users.

Besides, EtherZero is developing an e-commerce platform to meet the needs of shopping using EZT. It also plans to implement a mapping application, referred to as MRO (Map of Real-World Organization). This app will help existing businesses to deal with internal management and relationship management using smart contracts.

The EtherZero Team

Gary Luo, CEO of EtherZero, believes it will become a common DApp development platform in the next five to ten years.

A core development team from China is working on the global public blockchain network project. Two senior DApp development teams from Eastern Europe and India are helping with research and development.

At the same time, a number of domestic and overseas marketing teams are working on the promotion and operation of the DApp base layer development platform.

What Is BitMax.io?

BitMax.io is the industry leading next-generation digital asset trading platform that provides a broad range of financial products and services to both retail and institutional clients across the globe. It was founded in 2018 by a group of Wall Street quant trading veterans and built upon the core values of blockchain, transparency and reliability, to deliver high-quality client services and trading experience.

The BitMax.io team is well-known in the industry as the very first, and so far the only, to introduce the innovative trading model that combines “transaction mining” and “reverse mining.” While “transaction-mining” can be a relatively common practice, where users get platforms’ native tokens as rewards, a BitMax.io user can receive rebates for executing maker trades under “reverse-mining” mode. An equivalent market value of BTMX token, the BitMax.io platform native token, will be deducted from the user’s account, and subject to permanent lock-up. The combined trading model has proved effective to bring additional liquidity to the platform, and control the total circulation of BTMX token in the entire market.

BitMax.io always strives to provide its global market with a comprehensive set of trading products. The margin trading function launched is another step forward from product offering perspective to better serve their dynamic trading needs.

For those users who understand and acknowledge the risks involved in margin trading, the function allows users to borrow funds from the platform and to trade more digital assets than they normally could afford. (The margin trading function of BitMax.io is not available for North American markets.)

Increased buying power means that users are able to leverage tradable assets as collateral. They have the potential for a higher return on investment when the price rises. However, they also have to face the risk of potential losses when the price goes down. Overall, the launch of margin trading helps to support the rapidly increasing volume and liquidity of the platform.

A Mutually Beneficial Partnership

With the commitment to listing only industry top-quality products as part of its client-centric strategy, BitMax.io has expanded its global client base to over 150,000 registered users and 53,000 active community members. Given that EtherZero is positioning itself as an integrator, promoter, and practitioner of blockchain technology, the strategic partnership of BitMax.io and EtherZero is expected by the market to further encourage the usability of blockchain in daily life.

For more information, follow BitMax.io on:

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

Bitcoins and Cryptocurrency: Myths and realities

Part 2: The Journey This is a story of secret beginnings. A story of a brilliant idea, born of trying… Read More

5 hours ago

Twitter is Losing its S%# Over This $4 Million Golden Toilet

An solid gold toilet from Churchill's birthplace goes missing. | Source: AP Photo, File Golden toilets don’t come around very… Read More

5 hours ago

eToro Aims to Put Derivatives on the Blockchain With Lira Programming Language

eToro , an Israel-based exchange platform, revealed a new programming language designed to simplify derivatives trading.Speaking ahead of the Ethereal… Read More

5 hours ago

Gartner sees blockchain as ‘transformational’ across industries, in 5-10 years

Credit: Dreamstime Research firm Gartner, whose past evaluations of blockchain have been conservative to say the least , expects the… Read More

11 hours ago

The Future Lies in Blockchain: Circle CEO Jeremy Allaire Backs China’s Cryptocurrency and Facebook’s Libra

The year is 2017. Cryptocurrencies and their underlying blockchain technology are sternly poised to take over the world. Investors, all… Read More

11 hours ago

Ethereum-based Staked Not Efficient, Claims DeFi Builder

Much like banks, there is competition with the Ethereum decentralized finance (DeFi) ecosystem; each protocol and ecosystem offers different benefits… Read More

11 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More