We recently ran a poll to gain insight on what you would like to see most at Beaxy. The overwhelming consensus was more listings and increased liquidity so we wanted to provide an update on what we are doing related to what you care about most.
THREE AMAZING CAMPAIGNS
Beaxy has three incredible campaigns running right now through October 31st. Simply deposit, trade, or refer a friend to win!
Tesla Trading Competition:
Until October 31st, every $5,000 in traded volume earns five entries to win a Tesla Model 3, with additional prizes in $BTC for second and third place. This means you can earn five entries with just around $60 daily traded volume, anyone can win!
Deposit and Win:
For every dollar deposited to Beaxy, earn 5% back in $BXY tokens! $BXY token allocations will be based on the price at the end of the competition. The contest starts today and runs until October 31st.
Referrals Done Right:
Referral bonuses have been increased to 50%, up from 10%. Simply tell your friends about all of the exciting things happening at Beaxy and get 50% of trading fees from now until October and then 10% for life.
As you likely know, exchange activity was halted last week after we noticed some irregularities in our XRP-BTC trading pair. XRP is unique in that it can show transactions that have been paid in part, unlike other blockchains where you either have a transaction or you don't. That means that if wallet parameters are not set up correctly in the beginning, an individual can essentially ‘spoof a deposit’ - your system will recognize a partial payment as though it was completed. Bad actors were able to successfully carry out a partial payment exploit as a result of incorrect parameters in our XRP wallet.
After we noticed the irregularities on XRP-BTC trading was halted, followed by BTC withdrawals, and finally a freeze on the exchange as a whole.
We elected to do an exchange rollback and reimburse users in full from company funds to rectify our mistake. Full exchange functionality has resumed and the exchange was reverted back to 2019/08/12 19:23:11 UTC - immediately before any suspicious activity was logged.
As a result of this incident, our security team is reviewing the ‘state of all blockchains’ on Beaxy, the processes for individual trade breaks as well as rules for when we’ll break a trade are being refined, 24-hour monitoring processes are being improved, and our Exchange Operations Manual is being expanded.
We want to sincerely thank you for your patience as we move forward and we will always put users first.
Beaxy has launched new trading pairs, with bonuses for early deposits and trading activity! Move your tokens and start trading today to win. To navigate to the respective trading pairs for new listings, simply click the images below.
There have never been more opportunities to win, act now!