Press Release

BitMax.io Launched THORChain (RUNE) Staking Service with Promotional Event - Total of 50% Est. Annualized Return

BitMax

Summary: BitMax.io, as the first centralized trading platform that listed THORChain (RUNE), just announced the launch of RUNE staking. BitMax.io is now the FIRST and ONLY digital asset trading platform that offers RUNE staking. Details:  RUNE staking on BitMax.io, starting from: June 24th, 10:00 a.m. EDT, 2020: https://bitmaxhelp.zendesk.com/hc/en-us/articles/360050800853-Launch-of-THORChain-RUNE-Staking-Service-with-Promotional-Event-Total-of-50-Est-Annualized-Return Token RUNE Est. Annualized Return 36.4% Minimum Delegation/Undelegation Amount ...

BitMax.io, as the first centralized trading platform that listed THORChain (RUNE), just announced the launch of RUNE staking. BitMax.io is now the FIRST and ONLY digital asset trading platform that offers RUNE staking.

Details: 

RUNE staking on BitMax.io, starting from: June 24th, 10:00 a.m. EDT, 2020: https://bitmaxhelp.zendesk.com/hc/en-us/articles/360050800853-Launch-of-THORChain-RUNE-Staking-Service-with-Promotional-Event-Total-of-50-Est-Annualized-Return

Token

RUNE

Est. Annualized Return

36.4%

Minimum Delegation/Undelegation Amount

10 RUNE

Reward Calculation Starting Time

T+1 Day

Reward Distribution Starting Time

T+2 Day

Reward Distribution Cycle

Every Day

Regular Unbonding Period

No Bounding Period

Compound Mode

Supported

  1. Who is BitMax.io? And what is BitMax.io staking product?

BitMax.io (BTMX.com) is a leading digital asset trading platform with a broad range of financial products and services for both retail and institutional clients, with robust product design ranging from innovative volatility products to margin trading and other investment solutions including staking, BitTreasure, BTMX investment, etc.

BitMax.io provides an innovative staking product that allows attractive staking returns WITHOUT sacrificing liquidity. As a part of this design, users will have the flexibility to trade and transfer staked assets while still receiving block rewards. It has THREE key features: 

  • Immediate Access to Staked Assets: To enhance users’ staking experience, BitMax.io will maintain a pool of assets for immediate access after an asset is unstaked. “Instant Unbonding” will allow users to manage staked assets at their discretion even when delegating to a network with a lengthy unbonding period. 

  • Margin Trading for Staked Assets: To further promote marketplace efficiency, BitMax.io will create a synthetic version of each staked asset to be used as margin collateral, thus allowing users to go long or short to hedge exposure while continuing to earn rewards. 

  • Maximized Staking Returns: To maximize returns on behalf of users, BitMax.io will automatically redelegate staking rewards to staking pools, thus allowing users to further enhance yield from their token holdings.

2. Who is THORChain? And what is RUNE staking?

THORChain is a decentralized liquidity network, like a cross-chain Uniswap. 

It will offer:

  • Swap between any asset on Bitcoin, Ethereum and BinanceChain

  • Permissionless and trustless exchange of assets

  • Much better incentives for liquidity providers

  • Block rewards for THORNodes who secure the network

  • Turn unproductive capital into productive capital

RUNE staking is on offer and allows any rune holder to stake rune and participate in the distribution of Rune. 1m Rune is distributed to Rune holders every week until the launch of Chaosnet.

3. THORChain (RUNE), a success story created on BitMax.io

BitMax.io listed THORChain (RUNE) on September 22nd, 2019. As of today, it has experienced an all-time high of more than 1,500% on BItMax.io. 

RUNE has outperformed most tokens in the market since its debut on BitMax.io in late September of 2019. While determining the rationale behind price action is notoriously difficult in the digital asset ecosystem, many argue that centralized trading platforms, like BitMax.io, may have strongly catalyzed the project’s success.

While RUNE was indeed listed on decentralized platforms (“DEXs”) as early as July of 2019, BitMax.io was the first centralized trading platform to list the token and remains the only centralized portal for users to access the RUNE as of publication. 

While the main role of a trading platform or “exchange” is to facilitate trades between buyers and sellers, a centralized trading platform’s role in promoting success for projects should not be understated. Centralized trading platforms can offer significant value-add to a project and may compliment a token’s utility and fundamental value as a catalyst for token price appreciation and other success factors. Some of the key value propositions centralized trading platforms offer to projects are:

  • Facilitation of Price Discovery

  • Verification of Fundamental Value / Utility

  • Contribution to Community & Network Growth

More information regarding the success story of THORChain (RUNE) on BitMax.io: https://coingape.com/depth-review-rune-900-price-increase-listing-bitmax-io/

4. Special Event

BitMax.io is currently running a special event: Stake RUNE for Total of 50% Est. Annualized Return for a Limited Time Only.

Effective: June 24th, 10:00 a.m. EDT to July 9th, 10:00 a.m. EDT

During the event, users who meet the following three requirements will be eligible for total of 50% est. annualized return (36.4% for Regular Staking Return + 13.6% for Additional Staking Bonus):

  • Stake RUNE

  • 15-Day Average Staking Quantity ≥ 300 RUNE, and

  • Do not unstake RUNE tokens during the event

For more details about the event, please refer to the official announcement on BitMax.io: https://bitmaxhelp.zendesk.com/hc/en-us/articles/360050800853-Launch-of-THORChain-RUNE-Staking-Service-with-Promotional-Event-Total-of-50-Est-Annualized-Return

 

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