BitMax.io (BTMX.io) Will Support Harmony ONE Token Swap

Guest Author
December 4, 2019
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BitMax.io (BTMX.io), a leading digital asset trading platform, has announced it will support Harmony mainnet integration and token swap on December 6, 2019. Prior to 10 a.m. EDT, December 6, 2019, ONE token holders can deposit their BEP2 ONE tokens to BitMax.io accounts, and the platform will facilitate a swap from BEP2 to ONE mainnet tokens. Thereafter, BitMax.io (BTMX.io) will continue to facilitate Harmony ONE token swap, and enable deposit of BEP2 ONE tokens and ONE mainnet tokens at the same time, BEP2 ONE tokens held on BitMax.io (BTMX.io) will automatically be swapped to ONE mainnet tokens.

BitMax.io’s facilitation of the token swap comes in response to the release of Harmony’s new token economics model which will enable staking on the Harmony mainnet. Staking will allow ONE token holders to earn token rewards by delegating ONE tokens to validators. For more details, please see Harmony’s official medium post on the matter: harmony.one/economic.

As one of the first trading platforms to support Harmony through listing, BitMax.io will continue its strategic partnership with the Harmony network by participating in staking and running validation nodes. Stay tuned for further announcements regarding the ability of BitMax.io platform users to delegate ONE (and other select assets) to BitMax validation nodes in order to generate passive yield from assets deposited on the platform.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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This author could be anybody, but he/she is not a member of staff coingape.com and opinions in the article are solely of the guest writer and do not reflect Coingape's view.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.