What is BTMX Investment Product

BTMX Investment Product is launched to further expand and grow the BitMax.io ecosystem. Users can make product subscription/redemption on the BitMax.io website via:

1. a) BitTreasure > My Investment Portfolio page
2. b) My Asset > Balances page

Click to subscribe to “BTMX Investment Product” 

Return on BTMX Investment Product

Est. Daily Profit/BTMX=1/Subscription Quota * (Distribution Pool/180)

Est. APR=Est. Daily Profit/BTMX’s price in USDT (at the time of update) *365*100%

Product Subscription and Redemption Rules

1. User can subscribe to the investment product with BTMX purchase in both Cash Account and Margin Account. Subscription quota will be displayed separately under these two accounts.
2. BTMX’s private sale quota can be released through either auto-subscription to BTMX investment Product under BitTreasure section or on Cash Account from My Asset page.
3. No commission fee for product subscription. Investment subscription takes immediate effect and can’t be canceled.
4. After subscribing to the product, users can request for a “regular redemption” with no fee required. Upon successful submission of the request, the redeemed BTMX tokens will be credited user’s balance after 24 hours. BTMX that are pending for redemption cannot be used for consumption.
5. After subscribing to the product, users can request for an “instant redemption’ with a 10% transaction fee charge. Upon successful submission of the request, the rest of the redeemed BTMX tokens (90% of the subscription quota) will be credited to user’s balance instantly after fee deduction.

Additional Note:

1. BTMX’s Investment Product can be transferred between “Cash Account” and “Margin Account”
2. A 10% haircut will be applied when using BTMX’s Investment quota in Margin Account as the collateral for margin trading
3. Daily return distribution of BTMX Investment Product is subject to automatic margin interest repayment
4. BTMX’s Investment quota can be used for consumption with a 10% commission fee applied.

BTMX investment Multiple Card

BTMX Investment Multiple Card is a reward multiplier card that can only be purchased with BTMX tokens. With 1 Investment Multiple Card, up to 10,000 BTMX on your account will be multiplied by 5 in the calculation of the BTMX Investment profit. As a result, 10,000 BTMX with a Multiple Card has the same individual share as investment of 50,000 BTMX.

When user’s balance is less than 10,000 BTMX, the actual balance will be used in the calculation.

Users can check the Investment Multiplication Card status on the BitMax.io website via:

1. a) BitTreasure > My Investment Portfolio page
2. b) My Asset > Balances page

Click to purchase “BTMX Investment Multiple Card” 

Rules

1. BTMX Investment Multiple Card will be automatically activated and applied to user’s account the next day upon successful purchase.
2. Card sale is scheduled to take place once every 10 days in two separate times: 0:00 UTC and 12:00 UTC.
3. BTMX Investment Multiple Card will only be valid for 10 days. Every account is allowed to purchase one time from the Card sale; purchase quota is capped at 15 cards per account for each time.
4. BTMX with BTMX Investment Multiple Card applied to its cumulative value cannot be redeemed early or used in circulation. Upon expiration, those BTMX tokens are subject to auto-subscription to regular BTMX Investment Product.
5. BTMX Investment Multiple Card cannot be combined to apply to the same BTMX investment quota.
6. The price and total supply of BTMX Investment Multiple Card will be set at the time of purchase and subject to change.
7. The multiplied investment quota (5 times) of BTMX will be counted in the calculation of the Total User Effective BTMX Subscription Quota.
8. All BTMX tokens used to purchase BTMX Investment Multiple Card will be deemed as for consumption.

BTMX Investment Product Q&A

Q: How to calculate Est. Daily Profit for BTMX Investment Product?

A: Est. Daily Profit/BTMX=1/Total Subscription Quota * (Distribution Pool/180)

Q: How to calculate Est. APR for BTMX Investment Product?

A: Est. APR=Est. Daily Profit/BTMX valued in USDT (at the time of calculation) *365*100%

Q: How to calculate my daily profit from BTMX Investment Product?

A: If the aggregation of Total User Effective BTMX Subscription Quota is 1,000,000 and your Effective BTMX Subscription quota of the day is 10,000, then your daily profit can be calculated as below:

10,000 BTMX/1,000,000 BTMX*(Distribution Pool Valued in USDT/180)

Note:  The distribution pool has a small portion of other tokens besides USDT. Therefore, the daily profit distribution in USDT will fluctuate slightly due to token price change.

Q: How does BTMX Investment Multiple Card work?

A:  With 1 Multiple Card, up to 10,000 BTMX in your account will be multiplied by 5 in the calculation of the individual share of platform distribution pool during the card’s valid period.

Q: Does BTMX Investment Multiple Card affect the amount of platform daily profit distribution?

A: No. The platform daily profit distribution remains the same as Distribution Pool’s Balance/180

Q: Is the multiplied portion due to the Multiple Card counted in the aggregation of Total User Effective BTMX Subscription Quota?

A: Yes.

For example: The current aggregate Total User Effective BTMX Subscription Quota is 1 million. User A has 10,000 BTMX at the time of purchasing 1 Multiple Card. In this case, the aggregate Total User Effective BTMX Subscription Quota will be updated as below:

990,000 BTMX+50,000 BTMX=1,040,000 BTMX

Q: Upon the purchase of BTMX Investment Multiple Card, how to calculate my daily profit from Investment Product?

A: Based on the previous example, your daily profit can be calculated as below during the card’s valid period:

50,000 BTMX /1,040,000 BTMX*(Distribution Pool Valued in USDT/180)

Bitmax.io reserves the final right of adjustment and interpretation of BTMX investment Product rules.