BitMart Weekly Report [10/28/2019–11/3/2019]

3 min readNov 6, 2019

Global Achievement:

bitmart.com has reached the global website ranking of 17,471st last week among all websites.

Listed Chainlink (LINK) with new trading pairs: LINK/BTC, LINK/ETH, and LINK/USDT.
Optimized iOS App 2.0.7 version and launched Android App 2.0.8 version. To enjoy a more smooth & user-friendly trading experience, please download our latest version of App here: https://www.bitmart.com/app.
Lexit (LXT) Balance Bonus & Trading Competition is ongoing till 9:00 AM EST November 10th. During the campaign period, the first 2,000 users with the highest balance in their BitMart accounts will be eligible to receive 300 LXT each. Plus, the top 10 traders with the highest trading volume of LXT will be eligible to split a total of 1,400,000 LXT!
BitMart Halloween Photo Contest final round of Public Retweet Contest has initiated! Last week, 13 photos have been selected into our final round. From November 1st to November 6th, the top 3 candidates with the highest number of retweets will be rewarded with 10,000 BMX, 8,000 BMX, and 5,000 BMX!
BitMart Whole Network Trading Competition is coming next week! During the campaign, the new versions of BTC Market & USDT Market Net Trading Competitions will debut on BitMart, along with the traditional BMX Trading Competition. In addition, BitMart will launch special Net Buying Competitions for selected tokens only! We will give away more than 400,000 USD in tokens! Stay tuned!

BitMart Team was in the San Francisco Blockchain Week held from October 28 to November 3, 2019. We’re so excited to meet and communicate with lots of crypto elites, projects, investors, and enthusiasts! Next week, BitMart Team will be in the Malta A.I. & Blockchain Summit. See you all in Malta!

As stated the “Repurchase Mechanism” in our white paper, BitMart has used 20% of the income earned from trading fees from September 20th, 2019 to October 19th, 2019 to repurchase and burn 2,126,793.719754045 BMX (approx. $46,789 USD). The Repurchase Mechanism will continue till 500 million BMX are burnt. Thus, reducing the total quantity in the supply of BMX. This round of BMX burn is completed. Users can check the burning records via the blockchain browser: https://etherscan.io/tx/0x95bb504f9cc547682104bda3ff7315e1cbd46409cdab3284455e7a1d7c7fac89.