Transaction Mining Reference Price Table (MAX TOKEN)


btc
52438.38
bch
3681.11
eth
1650.17
ltc
396.89
eos
42.87156
omg
25.61456
usdt
9.35
zrx
5.3029
xrp
4.55314
knc
2.5506
bat
2.03118
mith
1.97116
gnt
1.13283
twdt
0.31
trx
0.176928
pal
0.068916
fmf
0.032263
cccx
0.005476
Mining Reward 60.0% of fee
Mining Progress 5%

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 60% 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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