Singapore, July 8th, 2018: XMAX, a blockchain ecosystem for decentralized entertainment, has been listed on FCoin. Trading for the project’s cryptocurrency XMX began at midnight GMT+8 on July 6th, 2018. This listing marks one of several new exchanges for XMAX including Hadax, a sizeable digital asset trading platform operated by Huobi.pro.
The FCoin exchange finds itself uniquely positioned as a rising name in the cryptocurrency industry, primarily due to its rise to over 17.3 Billion USD equivalent in daily trading volume. This level of volume exceeds many of the current top 10 cryptocurrency exchanges and is causing many to wonder how a relatively new contender garners this level of attention so quickly.
Zhang Jian, the former CTO of Huobi founded FCoin and uses a new trading incentive model based on their platform’s native token FCoin. Their approach credits traders with an amount of FCoin equal to any trading fees assessed during their daily transactions. By providing Fcoin tokens, they enable what is essentially free trading across the exchange.
As of now, FCoin remains unlisted on many of the popular cryptocurrency directories. The XMAX team hopes that being listed on the FCoin exchange will help increase the distribution of XMX and introduce more users to their mission of putting entertainment on the blockchain. The project will provide developer tools for simplified blockchain development in addition to a blockchain system to support the next generation of decentralized applications. One of the most important aspects of developing for a blockchain is user adoption, and XMAX believes that entertainment is one of the best vehicles for blockchain technology to connect with a wider global audience.