BitMart Weekly Report [03/16/2020–03/22/2020]
2 min readMar 25, 2020
Global Achievement:
- [bitmart.com] has reached the global website ranking of 50,931st last week among all websites.
- Highest 24-hour trading volume achieved: $2.57 Billion.
- Highest ranking achieved among all exchanges on CoinMarketCap: №10.
Product & Marketing Updates:
- Listed Cryptobuyer Token (XPT), Future Mine (FM), and Maxonrow (MXW), with new trading pairs added: XPT/BTC, FM/USDT, and MXW/USDT.
- Prepared and launched Quick Mining (QM) IEO. On March 20, the QM Token Sale was successfully launched on BitMart Launchpad. A total of $150,000 worth of QM tokens were sold out in just minutes with more than one thousand global users participating in. We thank every users’ support and participation and will continue listing innovative and quality blockchain projects very soon. Stay tuned!
- BitMart Futures “Task Challenge” Campaign is ongoing until 08:00 PM EDT on March 29. To thank all your support for our newly launched perpetual swap market, we are thrilled to kick-off the BitMart Futures “Task Challenge” campaign and give away a total of $30,000 worth of BMX to all participants! Trade more and win more. Click here for more information!
- To celebrate the listing of new projects and the 2-year anniversary of BitMart. A series of trading competitions and social media giveaways were launched. Check our ongoing campaigns so you won’t miss your chance to win prizes:
- Ethercoin (ETE) Trading Competition & Trading Lottery
- Veil (VEIL) Deposit Bonus and Trading Competition
- Cryptobuyer Token (XPT) Deposit Bonus & Trading Competition
- Maxonrow (MXW) Trading Lottery
Latest News:
- As stated in the “Repurchase Mechanism” in our white paper, BitMart will use 20% of the earned income from trading fees from February 20th, 2020 to March 19th, 2020 to repurchase and burn BMX tokens, the final announcement will be released soon. Such Repurchase Mechanism will continue until 500 million BMX are burnt, thus to reduce the total supply of BMX. Click here for more details.
