Bitrue} A solution that brings together 3 types of investment vehicles while being backed by real assets

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This Tier 1 crypto exchange platform has introduced an investment management project that unites three types of investment vehicles, staking, yield farming and quantitative trading in one solution, and allows investors to deposit their capital and is backed by real assets.

With blockchain technology, we have financial services that break the boundaries of traditional financial systems. While lending, derivatives trading, and fund management exist, decentralized finance (DeFi) has shown the way to a new way to invest.


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Bitrue, a Tier 1 crypto exchange, is launch a unique investment management project in the market that brings together three types of investment vehicles, staking, yield farming and quantitative trading in a single solution. This is not common for mainstream digital currency exchanges. For better reference, it is rather a product offered by managers like Bitwise or Grayscale.

The solution will allow investors to deposit their capital and earn rewards in BMAX tokens with a 15-100% increase in yield (compared to standard staking). It is backed by real assets, as the new product is designed in a way to generate the reward through assets like Ethereum (ETH), Cardano (ADA) and Solana (SOL) to support payments made to depositors.

Adam O’Neill

The principle of the project is to make yield farming easily accessible to our users, while generating the most yields

The tech panda spoke to Adam O’Neill, Chief Marketing Officer at Bitrue, about the market pain points they are trying to address with BMAX.

“As DeFi is a growing sector, it still has many limitations compared to the traditional financial market. BMAX will solve the problems that existed in most DeFi protocols such as inflexible lock periods and impermanent losses,” he explains. -he.

“In addition, it will be much easier to invest in methods such as the use of synthetic assets previously offered by other projects. The principle of the project is to make yield farming easily accessible to our users, while generating the most returns,” he adds.

Features

BMAX takes the hassle out of engaging in the growing DeFi landscape while returning the yield to investors. Its design is based on repositioning the Bitrue ecosystem as the go-to hub for all things DeFi.

“Each time a user deposits into one of our yield farms, their funds will be allocated to different investment vehicles carefully selected by the Bitrue team. Users will then receive rewards in the form of BMAX tokens, the supply of which is limited,” says O’Neill.

“BMAX tokens can be reinvested in yield farms or used for trading on our platform. On top of that, investments can also be unlocked at any time, with a maximum waiting period of one day,” he adds.

The new investment model will allow investors to deposit their capital and earn rewards in BMAX tokens with a 15-100% increase in yield (compared to standard staking). The investment vehicle is charged to be managed by a specialized team set up by the trading platform.

The project will involve the participation of a wide range of users and will reduce barriers to entry as it will not set any minimum or maximum investment limits. This condition makes it open to everyone, including retail, institutional and high-network (HNI) investors.

Prior to the launch of the product that pays out rewards in the new reward token, Bitrue successfully ran Power Piggy. The product, along with the yield farm products of the exchange, raised a cumulative fund of over $600 million and paid out $56 million in USDT in reward.

“Bitrue was the first exchange in the world to launch a crypto investment service in 2018 with Power Piggy, and since then we have never stopped working to design innovative ways to help users generate returns on their crypto holdings. BMAX is the final step towards that goal. We can’t wait for our users to start earning this token and take back control of their financial future,” he says.

Inspiration

The new BMAX token will be implemented in the existing Bitrue Yield Farming hub. As a result, depositors will be able to invest their assets (such as ETH, ADA, etc.) in Bitrue yield farming to access higher returns, paid in BMAX. The benchmark APY will be 15% to 100% higher than the original POS staking mechanism.

We’re intrigued by the idea of ​​liquid staking first offered by the Lido project, and wanted to bring the feature to our own community of six million people. We thought adding this sophisticated investment strategy to our already established community would improve the DeFi experience for the general public.

“We were intrigued by the idea of ​​liquid staking first offered by the Lido project, and wanted to bring the functionality to our own community of six million people. We felt that adding this sophisticated investment strategy to our already established community would enhance the DeFi experience for the general public,” says O’Neill.

The BMAX USP

Since the new product is formed to generate rewards through assets such as Ethereum (ETH), Cardano (ADA) and Solana (SOL) to support payments made to depositors, BMAX is backed by real assets.

These characteristics of real-asset support and diversified revenue generation models make BMAX sustainable and accident-proof in the long run. The coin has no supply at launch, which also makes it credible and trustworthy, since only investors in Bitrue’s yield farm can own the token. Regular redemptions made using funds raised from the reward pool will be a central theme for BMAX tokens, which will keep the token deflationary.

There are many yield aggregator tokens/projects out there, but very few of them have communities of our size. Therefore, we think we are in a league of our own and don’t have to worry about competitors

Investors have lost money to the DeFi world due to impermanent losses, hacks, and other related misfortunes that frustrate the DeFi sector. The new investment product is a direct solution to these challenges and many more.

The initial circulation will be derived from an airdrop of 5 million BMAX held for existing holders of the BTR token. After that, BMAX tokens will be distributed through yield farming pools. With zero supply for the team, this will be the only way to get BMAX in the future.

Growth story

O’Neill says they don’t worry about competitors.

“There are many yield aggregator tokens/projects out there, but very few of them have communities of our size. Therefore, we believe that we are in a league of our own and that we don’t have to worry about competitors,” he says.

This confidence, he says, comes from the fact that the BMAX Yield Farming Center is supported by a strong community that has been around since 2018.

“It can offer much higher returns because investments are not limited to a specific pool,” he says.


Read more: What is causing the yield farming boom in DeFi? Answers from an expert


BTR’s trading volume has already increased fourfold since BMAX’s announcement the previous week, and O’Neill says they look forward to more success.

“We plan to expand the BMAX yield farming hub to offer other investment products beyond staking and DeFi protocols for lending and providing liquidity. Most likely we will include investments in other products such as NFT and automated trading,” he reveals.



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