BitMax.io (BTMX.com), an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the launch of its staking service for DIVI token (DIVI) on March 9 at 9 am.
BitMax’s innovative staking product allows users to participate in staking and earn rewards directly on the platform. Divi joins a growing portfolio of notable tokens including DOT, ATOM, and XTZ. BitMax will be receiving validator rewards of 20% APY by running a DIVI node which will be passed along to staking users.
DIVI has enjoyed excellent growth year-on-year and 2021 is set to be an important year for the Divi Project, with several new partnerships slated, a move into DeFi and the incoming launch of its mobile wallet.
“As a global trading platform, we go to great lengths to eliminate any friction for our users so they can learn and interact with a project’s underlying protocol,” said Shane Molidor, Global Head of Business Development at BitMax.io. “We found this especially important to re-engage our users so we can incentivize them to do more than trade on BitMax. The Divi Project provides a powerful solution with its original masternode network. By staking DIVI, BitMax.io shares rewards earned with BitMax users while simultaneously supporting the DIVI network.”
Built with humans in mind, Divi’s solutions are solving the issues of usability and accessibility that have inhibited mainstream adoption of cryptocurrencies. The results are the software and services that make buying, selling, and using cryptocurrencies faster, more secure, and accessible to people at all levels of technical expertise.
“The BitMax staking integration is an important milestone in the achievement of our Divi Everywhere vision,” said Nick Saponaro, CIO, Divi. “The timing of the partnership feels like kismet as both Divi and BitMax enter new paradigms in our individual businesses. We look forward to the opportunities for growth this new partnership provides.”
By removing barriers to entry, innovating new frictionless technologies, and delivering use cases for the developed and developing world, Divi is helping people across the globe to engage in the Crypto economy and achieve financial freedom and inclusion.
BitMax is the first digital asset trading platform to provide validator staking service for DIVI, highlighting BitMax’s strategic vision for projects and its ability to offer comprehensive services beyond just listings to support their sustainable growth.
DIVI staking details:
1) Minimum Delegation Amount: 100
2) Minimum Staking Period: unstake anytime
3) Reward Calculation Starting Time: T+1
4) Reward Distribution Starting Time: T+2
5) Reward Distribution Cycle: daily basis
6) Regular Unbonding Period: 1 day
7) Instant Unbonding: Supported
8) Instant Unbonding Fee: 1%
9) Compound Mode: Supported.
- T Day is a natural day based on Coordinated Universal Time (UTC)
- If you delegate before 24:00 on T Day, rewards will be calculated from T+1 Day and distributed from T+2 Day
- Rewards are distributed daily and need to be re-delegated manually unless under “compound mode”
- Undelegation process takes 1 day to complete, you can use Instant Unbonding and claim tokens back right away
- If you undelegate before 24:00 on T+N Day, you will receive rewards only for the N-1 Period
Launched in August 2018, BitMax.io is a leading digital asset trading platform with a broad range of financial products and services for both retail and institutional clients, with robust and innovative design ranging from cash and margin trading, derivatives trading, staking products, to other investment solutions.
For more information and updates, please visit:
Divi is on a mission, to make crypto easy to use, more efficient, and accelerate its mainstream adoption. By removing barriers to entry, innovating new frictionless technologies, and delivering use cases for the developed and developing world, Divi is helping people across the globe to engage in the Crypto economy and achieve financial freedom and inclusion.
For more information and updates, please visit:
Dan Smith is probably best known for his writing skill, which was adapted into news articles. He earned degree in Literature from Chicago University. He published his first book while an English instructor. After that he published 8 books in his career. He has more than six years’ experience in publication. And now he works as a writer of news on Apsters Media website which is related to news analysis from entertainment and technology industry.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Insider Notice journalist was involved in the writing and production of this article.