Press release
PRESS RELEASE. BitMax.io (BTMX.com), an industry-leading digital asset trading platform developed by veterans of Wall Street quant trading, has announced the joint initial listing of the Oxygen Token (OXY) with auction facilitation for its platform users. The auction begins on March 11th at 9:00 am EST on Bitmax and the listing will go online on March 16 at 9:00 am EST.
Oxygen protocol is a decentralized, non-custody prime broker in the chain, which is based on the Serum DEX and the ecosystem, runs on a fast public Solana blockchain and is used by the massive user base of Maps.me 2.0. Oxygen begins with a lending protocol before it comes to recreating market-like business units that are usually part of investment banks and making them accessible to all.
Oxygen is built on a pool-based infrastructure where users can create a pool by depositing their assets and marking which ones to lend. Oxygen’s lending clearing price is market based through on-chain order book matching with Serum DEX instead of a pre-set, manually adjusted market model. Users can generate returns on their portfolio while borrowing other assets at the same time (using the same collateral multiple times), maximizing the usefulness of their portfolio as collateral on borrowing, and interacting with the serum ecosystem and DEXes directly from their pools with optimized in-pool Trade.
The Oxygen Protocol is based on an order book and allows users to get a fair price for borrowing / borrowing. Oxygen also allows the same collateral to be used multiple times and your entire portfolio to be deposited as collateral for borrowing (which means lower risk of portfolio liquidation).
To drive platform growth, Oxygen will be staffed with the 140 million registered users from the Maps.me user base who generate income from their embedded wallets and boost Oxygen as one of the largest fintech applications.
Oxygen is also based on the Solana blockchain, which has over 50,000 TPS with block times of 400 ms and transaction costs of around $ 0.00001, indicating that Oxygen is a fully-in-chain P2P credit and prime brokerage protocol is scalable.
The Oxygen Protocol uses 100% of net sales for the benefit of holders of OXY tokens. character Owners can decide how exactly the net income of the Oxygen Protocol plus Community Fund should be controlled in terms of whether to buy, burn, offer stakeout income, or anything else.
About BitMax.io
Launched in August 2018, BitMax.io is a leading digital asset trading platform with a wide range of financial products and services for retail and institutional clients. The robust and innovative design ranges from cashbox to Margin trading, Derivatives trading, Staking out productsand other investment solutions.
Further information and updates can be found at:
Website: https://bitmax.io/
Twitter: https://twitter.com/BitMax_Official
Telegram: https://t.me/BitMaxioEnglishOfficial
Medium: https://medium.com/bitmax-io
Via the oxygen protocol
The Oxygen Protocol is a chain-linked, decentralized, non-custody prime broker based on the Serum DEX and the ecosystem, runs on Solana and is used by the massive user base of Maps.me 2.0.
Further information and updates can be found at:
Website: https://oxygen.trade/
Twitter: https://twitter.com/oxygen_protocol
Telegram: https://t.co/dOTnuwRzWA?amp=1
This is a press release. Readers should conduct their own due diligence before taking any action related to the advertised company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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