Transaction Mining Reference Price Table (MAX TOKEN)


btc
50994.39
bch
1998.71
eth
1757.47
ltc
759.76
eos
46.83981
omg
19.46033
usdt
12.5
xrp
3.99113
zrx
3.4103
knc
3.2798
bat
2.43326
gnt
1.04216
mith
0.59927
twdt
0.41
twd
0.41
trx
0.288352
seele
0.145996
pal
0.064563
cccx
0.027884
fmf
0.00916
Mining Reward 50.0% of fee
Mining Progress 30%

True Community Exchange

  • MAX Token is the utility token issued by MaiCoin Asset Exchange (MAX).
  • MAX Exchange is focused on supporting its trading community and providing the most secure trading platform.
  • MAX Tokens will be rewarded through Transaction Mining and can also be used for Staking on the platform to receive rewards.

Rewards 1

Transaction Mining Rewards

MAX has allocated 30% of token supply to be "mineable" and distributed as a reward for trading through the "Transaction (TX) Mining" model. Initially, 60% of trading fees will be rewarded in MAX Token and the conversion amount will be based on market prices. As more MAX Tokens are mined, the trading reward will decrease and make mining more difficult according to the plan below.

Rewards 2

Ecosystem Rewards

  • MAX Exchange will keep 20% of trading fees to operate and develop the platform.
  • The platform will support its community of makers, takers and holders by using 80% of trading fees to purchase MAX Tokens in the open market and then reward them back to the MAX ecosystem.
  • Up to 80% of token supply will be repurchased using up to 100% of platform profits and burned on a quarterly basis.

Rewards 3

Staking + Ageing Rewards

Staking

Up to 30% of trading fees will be converted to MAX Tokens through open market purchases and airdropped to holders. Holders of MAX Token can stake their tokens on the MAX platform to receive 5 times more Staking Power than unstaked tokens.

Ageing Boost

The longer tokens are staked, the more their Staking Power increases through an Ageing Boost. If any token is "unstaked", all staked tokens will restart the ageing process from zero. The Ageing Boost will be calculated using the table below:

Staking Power

The formula for staking power is:

Staking Power = [ 5 x Staked x (1 + Ageing Boost )] + Unstaked

Airdrop Proportion

The amount airdropped as a reward depends on a user’s Staking Power in proportion to the overall Staking Power on the platform. The formula to calculate a user’s airdrop proportion is:

Airdrop Proportion = Individual Staking Power / Total Staking Power

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