$BMAX is a reward token used within the Bitrue exchange's yield farming services. Users can opt to receive $BMAX rewards to increase the payout received from their investments, with the value of the token appreciating through buybacks generated by fees.
The concept for $BMAX aims to fulfill the need for a more flexible staking and liquidity service, while prioritizing convenience and accessibility to all. When users deposit into the exchange's yield farming pools, the tokens will be managed by the Bitrue team in order to optimize yield.
The key difference that makes this project stand out from the rest is that these tokens will be available to invest into various investment vehicles, rather than just one other pool simultaneously. Bitrue’s investment management will involve three types of investment vehicles, including staking, liquidity pools, and quantitative trading, all of these features accessible under one roof and can be done with just one click. In the future, other investment methods might be added into the system.
The initial investing process will require users to deposit a certain amount of any tokens to any of the yield farming pools. After depositing, the underlying asset will be both staked and farmed at the same time. Doing these two activities at the same time will generate double the returns, users will receive the rewards which are automatically invested back to the staking and yield farming protocols, and be distributed for trading. The whole process after the initial deposit will be automated to simplify the re-investment procedure, so that it will be beginner friendly and easy to use for the general public.