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Connect Financial to List CNFI Tokens with BitMax

by BtcmanagerMarch 8, 2021

BitMax.io (BTMX.com), an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of CNFI Tokens under the trading pair of CNFI/USDT on Mar 8th at 9:00 a.m. EST.

Connect Financial is offering the world’s first true Crypto Visa Credit Card that allows users to use their assets as collateral without spending them. Staking CNFI tokens assigns the user a credit card tier and its associated features and benefits. Tier levels are based on the number of CNFI tokens staked.

Other Crypto Card projects are essentially prepaid debit cards, which are often met with severe limitations on their usage or acceptance. Most require users to liquidate their cryptocurrency and load their card with fiat currency which they then spend on demand. Other projects even require users to convert their digital assets into their token, which is then used as cash on the card.

The Connect Financial Crypto Visa Credit Card allows users to hold their crypto as long as they want by offering credit based on their cryptocurrency collateral. Users can choose to convert and spend at the point of purchase or they can carry it forward and pay it off with fiat if they want to keep their crypto holdings intact.

BitMax is excited to partner with Connect Financial and support the crypto credit card use case, allowing users to do more with their digital assets.

About BitMax.io

Launched in August 2018, BitMax.io is a leading digital asset trading platform with a broad range of financial products and services for both retail and institutional clients, with robust design ranging from cash to margin trading, derivatives trading, staking products, and other investment solutions.

For more information and updates, please visit:

Website: https://bitmax.io/

Twitter: https://twitter.com/BitMax_Official

Telegram: https://t.me/BitMaxioEnglishOfficial

Medium: https://medium.com/bitmax-io

About Connect Financial

Connect Financial is offering the world’s first true Crypto Visa Credit Card that allows users to use their assets as collateral without spending them. While Connect is a fresh name in the marketplace, their team members have been working in financial technology, international banking, cryptocurrencies, and marketing for decades.

For more information please visit:

Website: https://connect.financial/

Twitter: https://twitter.com/ConnectWallet

Telegram: https://t.me/connectfinancial

Discord: https://discord.gg/GYeWZ5uE4P

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YIELD (YLD) Is Now Listed At BitMax and Uniswap Days after Raising $4.9 Million

by BtcmanagerDecember 20, 2020

YLD, the utility token of YIELD, a platform that describes itself as a portal for “simpler” DeFi, is now available for trading at Uniswap and BitMax, a press release on Dec 14 reveals.

The $4.9 Million Funding

It is a culmination of months of preparation by the YIELD team, and success following their Token Generation Event (TGE).

In early Dec 2020, Yield raised $4.9 million from a hybrid funding round led by Alphabit, PALcapital, and Digital Strategies. Specifically, the project raised $270k, raising $150k within the first 24 hours of launching at the BnkToTheFuture, an investment platform.

It was three times overbooked on TrustSwap where they went on to raise $1.2 million. During the private sale, vested tokens were sold for $0.07. However, the unlocked YLD tokens were sold each at $0.11.

Supporting the Yield Project

A representative of the DeFi banking platform told CoinDesk that funds will be used to support the current working capital.

Funds will also go towards promoting YIELD, procurement of additional licenses, and to further promote their portfolio management system.

The project is audited and insured through the YLD Insurance Fund.

Overly, there will be 300 million YLD as total supply, and an initial circulating supply of 33.3 million. 26 million were distributed to investors while one million YLD tokens were sent to the company reserves and BitMax. Additionally, one million YLD tokens have been set aside for staking.

Through YIELD, users have a chance to boost their APY to 20 percent and earn up to 10 percent on their tokens through YLD staking.

An Opportunity to Test and Profit

Presently, users who sign up and get access as early adopters have a chance to invest in YIELD’s DeFi Alpha I fund. With this, they can also test out Yield’s wallets using USDT, USDC, and YLD tokens.

Commenting, Adrien Geneste, the Communications and Product Marketing Lead at YIELD said:

“The focus now is 100 percent on the product and platform to deliver on our promise to users: namely, high returns through a simple app. YIELD is a real product with real value, and our token is only one side of the coin. We are looking to provide our users with a long-term, stable, and profitable solution.”

In 2021, Yield plans to partner with exchanges for fiat integration, release a mobile app, and support more crypto assets, including ETH, BTC, and DAI.

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Tagged : All News / Bitmax / Crypto Savings / DeFi / Defi Banking / Price / Yield / Yld