Cryptocurrency: BitcoinMax (BMAX)

Along with the emergence of crypto currencies, the blockchain technology has developed rapidly in recent years. In some countries, blockchain technology was mooted as one of the frontier technologies within the National Strategic Layout.Blockchain technology is going to provide the fundamental infrastructure for the next generation of Internet — the Internet of Value, and is now collaborating with emerging technologies in different fields to progressively expand the application range. As we know, IoT network is seen as an extension of the Internet, so it is inevitable that IoT will eventually be merged with blockchain. Especially considering the security issues involved with massive amounts of data potentially being collected by IoT devices in the future.

BitcoinMax is a decentralized electronic cash payment network that enables value to be transferred peer-to-peer. Unlike traditional payment networks, BitcoinMax bypasses the need for a centralized body of control, such as a government or a central bank. Instead, activities and balances are stored on a public, shared ledger called the blockchain, which is verified by thousands of computers (called nodes) maintaining the network across the globe. Transactions are made with no middlemen so anyone with access to the Internet can transfer money to anybody anywhere in the world.

No central authority or middleman means lower transaction cost. Traditional wire transfers and foreign transactions are costly and slow. On average among national banks, it costs $25 for outgoing domestic wire transfers and $44 for outgoing international wire transfers; in comparison, most e-Wallets and cryptocurrency exchanges charge a nominal 0.25% to 1% fee to send cryptocurrencies that reach your recipient in hours. Fees associated with BitcoinMax are negligible compared to fees of established banking institutions, credit unions.

This Whitepaper was authored as a base document for “BitcoinMax”, detailing the features, functionality and research behind the new anonymous Cryptocurrency, as well as providing insight into its usage and implementation. Our solution is based off of the Edge computing technology, and incorporates multisignature outputs and encrypted ring signatures. The BitcoinMax Project is based on Edge computing technology.

Blockchain Infrastructure

Integrates blockchain technology to provide unique identities for each node.

Easy Token Integration

Every node has its own token. You can earn tokens by doing work.

Global System and Secure

An efficient global system covering all corners, provides best data security.

BitcoinMax Benefits

Payment Freedom

The absence of a centralized governing body means no one can tell you what you can or cannot do with your digital cash at any time — there are no bank holidays, no borders, no restrictions. Traditionally, sending cash internationally takes at least 3 days of processing time plus paperwork and fees. When you send BitcoinMaxs to someone, you transfer directly to his or her address within a day with no additional hurdles. There is also no way for a third party to suspend or confiscate your BitcoinMaxs. BitcoinMax offers a global payment system that is fast, secure and cheap. You have complete control of your money with BitcoinMax.

Lower Risk for Merchants

Once a transaction has been verified and recorded on the blockchain, it cannot be reversed. BitcoinMax transactions are immutable once on the blockchain. Merchants can have peace of mind knowing they can send out goods with no risk of “charge-backs” where customers receive goods then reverse payment; this mechanism inhibits fraud which lowers merchants’ risk to conduct business online. Since BitcoinMax can be used by anyone with Internet, merchants can expand to new markets by accepting BitcoinMax where currency or credit cards are unavailable. Furthermore, BitcoinMax’s fast settlement time can streamline a merchant’s business operations.

BitcoinMax Mobile Payment

BitcoinMax provides a mobile wallet for sending and receiving payments. The mobile wallet functions similarly to many advanced payment and banking applications. For customers who are hesitant to put their credit cards on their phones can use blockchain powered BitcoinMax mobile App solutions, which allow customers to use tokens instead of their credit cards.

BitcoinMax ICO

BMAX token is built on the Ethereum Blockchain. It’s compatibility of the token with third-party services wallets, exchanges etc, and provides easy-to-use integration.

On December 1st 2018, the company’s ICO token sale stage 1 is about to start at 30% bonuses, looking at institutional investors for the initial tranche and attending global shows. The token sale detail is described below: