BitMax.io (BTMX.com), the industry-leading next-generation digital asset trading platform, has announced the new listing of DREP (DREP) under the trading pairs of DREP/USDT, DREP/BTC at 10:00 a.m. EDT on May 21th, 2019. DREP is a Singaporean start-up committed to building “connectors” and “toolkits” based on blockchain technology.
Since current blockchain adoption is still in segregation and data are still in silos, DREP’s commitment is to become the connector and provide enterprise-grade solutions that are flexible, frictionless and easy to use. DREP ID and DREP SDK, both based on the DREP Chain allow the DApp teams to release built-in wallets and multi-public-chain asset version in a single click. According to Xiaolong Xu, co-founder of DREP, their vision is “to allow high concurrency while enable users or any applications to not be confined to a certain ecosystem or asset. We aim to become the connector and technology enabler.”
DREP have proposed Smart Pipeline technology, a concept that will greatly improve the ability to process data in a similar manner to a layer2 solution with zero gas consumption and strong scalability.
Also, DREP have been able to lower blockchain learning costs, the difficulty of development as well as the complexity of the technology on the enterprise or application side by upgrading advanced technology solutions into Plug-ins and APIs. To date, DREP has reached millions of active users in the Middle East, Southeast Asia and Australia after docking with a number of internet platforms.
One of the biggest advantages of the DREP Chain is its room from growth and unprecedented flexibility for mainstream adoption. Using the appropriate APIs and plugins, DREP brings blockchain usage closer to any user, without requiring complex technical knowledge. Companies with the likes of Yeeyi.com and HarkHark have been receiving DREP’s technology service and integrating with DREP ID system long before their ICO started.
The minds behind DREP are quite an impressive team boasting excellent experience in blockchain technology as well as some previously working for global technology giants. The team has been noted as one of the most promising in the area of ICO (Initial Coin Offering). The DREP team is well equipped with expert developers in the form of co-founder, Xiaolong Xu and lead developer, Eric Chao who has previously won the ACM ICPC programming contest (often considered as the Olympics of programming contests).
Co-founded by Matt Bennice, Xiaolong Xu and Momo Chang, DREP is certainly equipped with the knowledge and expertise to qualify their offerings. Bennice brings to the team 2 years’ experience from X, the Moonshot Factory and 4 years of experience from Google as a software engineer, both of which focus on new technology and pushing technological boundaries. Chang holds a master’s degree and brings valuable fintech expertise to the team from Orient Securities.
Xu, who is also the lead developer at DREP, brings invaluable experience from his previous positions at Microsoft, Tencent and QTUM, a highly respected company that focusses on smart contract-based protocol on blockchain technology. Xu has expressed his satisfaction with the team that they have built at DREP, saying: “The minds behind DREP are quite an impressive team boasting excellent experience in blockchain technology as well as some previously working for global technology giants. There are about 21 full-time developers already, 6 of whom have more than 2 years of public chain development experience. There are a few seasoned blockchain developers, who were former project lead for some leading blockchain projects. The development team is in frequent conversations with enterprises we are partnering with, so they have the commercial acumen in what businesses need. Therefore, we have been aiming to build solutions that combine ease of use, flexibility and frictionless integration so that these companies do not have to hire a development team or specific blockchain developer in-house to execute their blockchain solutions.”
BitMax.io is the industry leading next-generation digital asset trading platform that provides a broad range of financial products and services to both retail and institutional clients across the globe. It was founded in 2018 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 efficient trading experience.
Going beyond traditional trading modes, the BitMax.io team have introduced a combined model of “transaction-mining” and “reverse-mining.” In essence, this mechanism rewards platform users for trading with BTMX tokens, and provides rebate program for those who execute maker trades. The combined trading modes, along with many other use cases of the token, has definitely proved effective supporting overall market liquidity as well as the supply-demand balance of BTMX in circulation.
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 them to borrow funds from the platform and to trade more digital assets than they normally could afford. With increased buying power, the users are able to leverage tradable assets as collateral to receive a potentially higher return on their investment when prices increase. However, if prices drop, users will need to take on the risk of a potential loss from margin trading. In addition, the launch of their margin trading product would attract more trading volume and help boost liquidity on the platform. ((The margin trading function of BitMax.io is not available for North American markets.)
The BTMX token is instrumental to the digital asset trading platform and has a current price of $0.095 as of 12:00am EDT May 16.
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 150,000 registered users and 53,000 active community members. After establishing a strategic partnership with several top projects, BitMax.io has recently partnered =with DREP to driving forward the developments in the digital asset space. As DREP grows and continues to develop their blockchain solutions, their partnership with BitMax.io will further prove to be beneficial given their large community.
Xiaolong Xu, co-founder & CTO of DREP project, shares his thoughts on this new partnership: “There are mainly 3 reasons that we chose BitMax as our early-stage listing partner. The first reason being BitMax’s solid finance background and high-standard regulated operation in the space. Secondly, users from BitMax are active and that has great synergies with DREP’s vision to go to mainstream adoption. Thirdly, BitMax has a strong marketing arm to promote internationally and convert users into traders. By partnering with BitMax, DREP will be able to attract new users and garner greater publicity.”
Ariel Ling, Co-founder & Chief Operation Officer of BitMax.io, said, “Digital assets and blockchain have been leading the next wave of technologic innovation with huge potential impact on many aspects of world economy. BitMax.io is very excited to partner with DREP, a transformational blockchain project and support its strategic ecosystem growth with efficient primary listing of its tokens and deep liquid secondary trading market.”
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This post was last modified on 16/06/2019 13:18