Reviewing Optimus Exchange - New Crypto Exchange with a Lucrative Beta Program

in crypto •  last month 

optimus-crypto-exchange.png


I've recently come across Optimus, which is a new cryptocurrency exchange built on the Neblio blockchain. Optimus makes use of its own token called OPTX, which you can buy directly on the exchange itself or earn by performing various actions during their current beta program.

One particularly interesting feature of Optimus, is that they have a multi-level affiliate program which allows you to earn OPTX tokens on three levels. Optimus did not create an ICO to secure funding, instead they've opted for a more organic path to sustained growth, by giving away 80% of the total OPTX token supply to participants of their beta program.

In my opinion, they've already set themselves apart by not having an ICO, as it would not cause any sudden price changes of their OPTX token (which is a common complaint with ICOs in general).


Optimus' Native OPTX Token

The OPTX token is mainly used to pay trading fees on the Optimus exchange, but also to pay for token/IEO listing fees and promotion of your listed tokens. OPTX has a total supply of 10 Trillion tokens, of which 8 trillion are used to fund the Beta Program.

optimus-token-chart.png

As I've mentioned in the introduction, you can either buy OPTX directly on the Optimus exchange or you can earn OPTX in various other ways. By simply trading on the Optimus exchange during the beta phase, you can stand to make quite a lot in trading bonuses by reaching certain volumes.

Beta Program & Affiliates

The Optimus beta program is quite simple to understand, the more you trade, the more OPTX tokens you will earn. To qualify for your first trader bonus, you need to have a trading volume of +1 BTC within 3 months of your first trade. This is not too hard to achieve, if you make a couple of trades per day, you will reach that goal without any problem.

The higher your overall trading volume is, the more OPTX tokens you will receive as your trader bonus. Optimus assigns you with a trader rank, depending on how much you trade on the exchange. Traders with a higher rank will receive higher OPTX bonuses.

If you're expecting to consistently trade at high volume, you can choose to sign up as a Pro Trader. This will give you access to higher reward tiers when you reach certain high-volume trading targets.

More info on the Optimus Beta Program & ranking system can be found here.

Optimus Exchange also has a very interesting affiliate system, which starts at 25% referral earnings on the first level. That's not all though, it goes three levels deep in total, with 15% on the second level and 10% on the third level.

If you're lucky enough to refer a trader who in turn also refers another trader, you could see your affiliate earnings grow exponentially!

More info on Optimus' affiliate system

Trading & Withdrawal Fees

In terms of trading fees, the base rate is already competitive, with just 0.1% maker fee and 0.2% taker fee. These fees do get reduced, the more trading volume you achieve. The largest traders can get fees as low as 0.01% MF & 0.02% TF.

Optimus does apply withdrawal fees, but you can save up on those by either withdrawing OPTX or Neblio tokens. In those cases you will pay less than a dollar (at current market rates) in withdrawal fees. For withdrawing in Bitcoin, you will pay a 0.0005 BTC fee.

More info on trading & withdrawal fees

Conclusion

Optimus definitely has an interesting approach for attracting more traders to their exchange. If you play your cards right and join during their beta program, you could definitely earn a whole lot of OPTX tokens. It should be noted that it is also possible to actually sell these tokens, since there are enough buy orders on the Optimus exchange.

Overall volume is still somewhat low though, but I expect this to improve during the next couple of months. In any case, there's still enough daily trading volume to significantly increase your ranking over time.

For the most part, I'm happy with my experiences on Optimus and I hope they do well in the future. The fact that they've not done an ICO is a huge plus in my book, as well as the fact that the value of their OPTX token can literally only go up (since it's valued at the lowest possible Bitcoin denomination).

Check out Optimus for yourself!

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Hello @daan,

First of all, allow me to congratulate you on the quality of your articles. They are excellent and it is a shame that I did not notice them earlier. So I will follow them more regularly;)

That said, I am contacting you to inform you that I have created a Belgian community and that, as a resident of our beautiful country, you are welcome to join and subscribe.

I personally intend to actively support good articles published in this community, whatever the language used. Don't hesitate to contact me if you have any questions about this.

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Steem on!

Oh, I had no idea you were from Belgium as well. I've just subscribed to your community, perhaps I'll post some articles there soon :)

Yes, I am. Welcome to the community. Can't wait to read your posts.

Very cool. It has to be hard starting a exchange business these days. There are so many that are out there and it really takes something special to set one apart from the pack. The fact that they didn't do an ICO is kind of cool and might just be what they needed to stand out from the rest. I will definitely have to check this out! Resteemed to get the word out to my followers as well!

Yeah, I was kinda surprised as well that they didn't do an ICO, that definitely gives them some extra points from me :)

It’s time to start a new mission.

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LOL, yeah I don't think it's that hard to rank up currently.

It could be a nice exchange to deal with some of our cryptos but we just have to take precaution @daan :)


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Thats an interesting review and I may have to check it out

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