Taiwan’s largest digital asset platform MaiCoin has recently launched crypto exchange, christened as MAX Exchange. The exchange presently lists Taiwan Dollar (TWD) paired with 16 cryptos. Furthermore, to gain worldwide reputation, MAX Exchange has just listed 51 crypto to crypto pairs, which include both TWDT and USDT stablecoin pairs.
The MAX Digital Asset Exchange has been in operation since 2014 is a prolonged business over the counter OTC platform, MaiCoin. Combined, MAX and MaiCoin are the major digital asset platforms on the Taiwanese market.
Although TWD fiat trading is open only to Taiwan’s citizens, crypto-to-crypto pairs are now accessible for the worldwide market, necessitating Max users to register with an e-mail address. This will give Level 1 access to users. The exchange website delivers a $ 15,000 daily removal limit.
This daily withdrawal limit is augmented to $ 150,000 for users who are willing to provide a phone number and selfie with ID verification. MAX users can either stake or freeze MAX tokens to multiply their staking capability by up to five times. This crypto exchange will let the customers trade digital currencies for other assets.
The exchange plans to use 80 percent of its trading fees to purchase MAX tokens on the market as rewards for its makers (40 percent of fees), takers (10 percent of fees), and holders/stakers (30 percent of fees) on the platform, as stated in Cointelegraph. A bigger improvement component is functional to staked coins. The longer coins are risked, the more their risking power increases.
The transition from a conventional centralized crypto exchange to a more decentralized one will take place over multiple phases for MAX. As the final step in decentralization, fully peer-to-peer topologies, including state channels and Plasma chains, will be introduced. As per the news published in Bitcoin Exchange Guide, leveraging the work of the Lightning and Raiden teams, the AMIS Network will unburden high¬frequency transactions between two counterparties onto its own ledger and net the connections before writing the final state into the public blockchain.
The post MaiCoin Taiwans Largest Digital Asset Provider Launches New Crypto Exchange MAX appeared first on OWLT Market.
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