BitMax.io (BTMX.com), the industry-leading next-generation digital asset exchange, has announced a strategic partnership with Alluva, a blockchain-based product (web and DApp) that turns cryptocurrency investment market noise into actionable data. Alluva tokens will be primarily listed on the BitMax.io exchange on March 18th, 2019.
Alluva is a blockchain-based product (web and Dapp) that allows users to earn rewards when they can accurately predict crypto prices and rate crypto products. As a free-to-use product, it is ideal for investors who want to expand their portfolio with minimum risk or new investors who want to hone their skills without risking their own money. Users can predict the prices of crypto assets for periods ranging from one day to one year.
The gamified approach makes contributing easy and fun. Users create an account and can immediately start to offer their input. Alluva evaluates contributed ratings through its proprietary algorithm to then reward users whose predictions come within an allowed margin of error. In this way, users earn rewards in exchange for absolutely no investment.
Alluva rewards users based on the accuracy of their inputs with the allocation of Alluva tokens. Holders of the tokens will gain commensurate access to services with Alluva’s partner companies, including Oddup, Refinitiv, Bloomberg, and other global leaders in technology, insights, news and more. Those who earn rewards will also have an increased opportunity of being allocated early investment placement for the most popular ICOs, STOs and startups through a Proof-of-Ratings Placement process, a privilege that is typically only available to industry insiders. Over the next few months, Alluva tokens will be listed on leading global crypto exchanges.
Why is Alluva needed?
Investors have become very cautious due to changing regulations, the high unpredictably of prices, biased information, and the lack of transparency in data when it comes to cryptocurrency investment. There is no single method to obtain a quantifiable view of trends and the potential of any cryptocurrency. Investment returns remain uncertain and investors are wary of making commitments.
Alluva addresses this concern and enables transparency and a clearer understanding of the crypto market and price patterns by providing a platform to existing and potential investors on which to apply their analysis. At present, those who have the knowledge, experience, and intuition to predict crypto prices are not rewarded. Alluva gives them a way to utilize this knowledge and earn rewards. Investors will be able to identify crypto market trends and earn rewards for their efforts, develop the skills to accurately analyze crypto prices for improved investment choices, and identify blockchain startups that display growth potential for investment.
Rewarding users for crypto predictions is only the first step for Alluva. It will be built in a number of phases, each of which will help to facilitate the adoption of digital assets and blockchain. As it evolves, Alluva will bring clarity in the current investment space where STOs, ICOs, and cryptocurrencies play an increasingly integral role, helping potential individual and institutional investors explore the best of blockchain technology and startups. The product will be integrated with major Fortune 500 partners to drive institutional awareness and investment in crypto.
The Alluva team
Alluva is driven by a global, diverse team of professionals who believe that blockchain is the disruptive technology that will enable numerous advancements. The team believes that hacks and scams have prevented the entire sector from reaching its full potential and wants people to be able to explore the best of crypto investment, blockchain technology, and blockchain startups.
James Giancotti, the Lead at Alluva, believes crypto is based on its community, and the community that understands and supports it, needs to be rewarded. James has followed the crypto market since Bitcoin started receiving attention and has consistently predicted BTC and crypto market trends.
He has fulfilled roles at Goldman Sachs, Capgemini, JP Morgan, and Deloitte Consulting, gaining experience as an investment banker, strategist, investor, and research analyst. He recently built Oddup, the world’s leading startup company for rating and insights. Having led a massive transformation in startup investment through Oddup, he has expanded this effect to the latest trend in the space – cryptocurrency and blockchain
What is BitMax.io?
BitMax.io is the industry leading next-generation digital asset exchange that provides a broad range of financial products and services to both retail and institutional clients across the globe. This innovative trading platform was founded by a group of Wall Street quant trading veterans and built upon the core values of blockchain, transparency, and reliability, to deliver high-quality client services and trading experience.
The BitMax.io team went beyond traditional transaction-mining-only exchanges when they introduced a revolutionary combined trading model of “transaction-mining” and “reverse-mining.” Platform users receive BTMX tokens as a reward for trading on the platform as well as rebates for executing maker trades. “Reverse mining” helps to encourage liquidity on the platform.
BitMax.io always strives to provide its global users with a comprehensive set of trading products. Its newly launched margin trading function is another step forward from product offering perspective to better serve their dynamic trading needs. For those users who understand and acknowledge the risks involved in margin trading, the function allows users to borrow funds from the platform and to trade more digital assets than they normally could afford. (The margin trading function of BitMax.io is not available for North American markets.)
With increased buying power, users can leverage their tradable asset as collateral for potential higher return on investment when the price goes up. However, they need to bear the risk of potential losses from margin trading when the price moves down. Overall, the launch of margin trading product can support increased volume and liquidity of the platform.
A beneficial partnership
With the commitment to listing only industry top-quality products as part of its client-centric strategy, BitMax.io has expanded its global client base to over 110,000 registered users and 40,000 active community members. It has already formed strategic partnerships with a number of top projects, and the partnership with Alluva, is yet another one. Both BitMax.io and Alluva are committed to broadening the global adoption of digital assets.
As Alluva evolves, it hopes to bring clarity in the cryptocurrency space and make investment decisions easier. This would lend supporting for facilitating the adoption of blockchain and digital assets.
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