The crypto market is once again moving towards the bullish market, with BTC crossing $8k and many exchanges are coming up with new updates and features for other altcoins. In this article, we will tell you about BitMax.io listing of DREP and subsequent events going to be conducted.
BitMax.io, founded by wall street veterans came into existence in August 2018. BitMax.io is digital asset trading platform, which offers products and services to clients.
BitMAx.io announced on its blog about the listing of DREP. To celebrate the listing of DREP, BitMax.io is coming up with promotional events – Deposit & Trading Contests.
The Deposit & Withdrawal of DREP started on 10:00 p.m. EDT on May 19th, 2019 and the
Trading will start from May 21th, 2019 at 10:00 a.m. EDT.
1% Rebate for DREP deposit
The event will run from 10:00 p.m. EDT, May 19th, 2019 to 10:00 p.m. EDT, May 22th, 2019. The users who has Net deposit of 80,000 DREP will be eligible for 800 DREP.
In this event, users can win 800 DREP as reward for every net deposit of 80,000 DREP. Reward is capped at 8,000 DREP for each user account. By the ranking of Net Deposit, top users will share the prize pool of 2,000,000 on the first-come-first serve basis.
Net Deposit = Deposit Amount – Withdrawal Amount.
The deposit from the external wallet (Not from BitMax.io platform) is only eligible for the promotional program. Token transfers between accounts on BitMax.io platform will not be count.
The event will run from 10:00 a.m. EDT, May 21th, 2019 to 10:00 a.m. EDT, May 27th, 2019.
During this time , the accumulated Trading Volume Buys and Sells should be greater or equal to 1,500,000,000 DREP are considered success in this trading challenge.furthermore , users with trading volume greater or equal to 150,000 DREP are eligible to share the prize pool of 5,000,000 DREP based on their trading volume. Reward is capped at 50,000 DREP for each user account
Also, if the accumulated trading volume is less than 1,500,000,000 DREP, the rewards will get distributed in proportion to the target trading volume.
Reward Distribution = Total Rewards * (Actual Accumulated Trading Volume/Target Trading Volume）
Example: If the actual Accumulated Trading Volume is 1,200,000,000 DREP, then the Target Completion Rate = 80%.Therefore, Reward to be Distributed = 5,000,000*80% = 4,000,000 DREP
Rewards will be provided within 7 business days after the event.
BitMax.io is ranked 51 with 24-hr trade volume of $142,527,214 and the platform offers 114 trading pairs.
DREP is a cryptocurrency token based on the Ethereum platform. As of today, DREP price is $0.004885 around 15.98% growth, with a 24-hour trading volume of $2,902,642 USD.