New Delhi, March, 2018: Unocoin, India’s leading Crypto-assets and Blockchain Company rolled out its latest “Maker Bonus” offer. As part of the offer, Makers on the platform, bringing liquidity to the order book, will be rewarded with 0.3% of the trade value – in BITCOIN! Hence, not only will the Makers benefit from no transaction fees at the exchange, they will also get additional bitcoins, with the profits swelling over the time, with the continuous reign and popularity of Bitcoin.
With the latest offer, Unocoin aims to incentivize posting orders, hence facilitating trading in crypto-assets. Besides, this is for the first time that an exchange has turned the tables in the favour of Makers, rewarding them with potentially long-term benefits.
Commenting on the latest roll-out, Abhinand K.N, Co-founder and CMO, Unocoin said, “We are excited to announce the latest offer, meant at incentivizing the makers on the platform. With the roll-out, we intend to celebrate Indians investing in crypto-assets, providing benefits to the Makers, bringing liquidity on our exchange. Furthermore, these are not cash-based incentives, and instead will reflect as additional Bitcoins in their wallet. Owing to the same, the Makers on the platform will be able to potentially reap long-term benefits. We look forward to an affirmative response from Indian users that are increasingly warming up to building their digital assets.”
The bonus offer is applicable only for the limit orders, as against the market order. Makers on the platform, including both buyers and sellers will receive bitcoin rebates. A seller placing an offer above the current bestbuyer or a buyer placing a bid below the current bestseller would be eligible for the offer, receiving additional bitcoins directly in their Unocoin wallet.
About Unocoin:
Started in 2013, Unocoin is a Bangalore based technology startup and is India’s first entrant into the cryptoassets industry. The company operates India’s largest cryptoasset exchanges, which enables Indians to buy, sell, store, use, and accept cryptoassets. It also offers a full-featured mobile app, with 24/7 access to real-time cryptoassets market prices and instantaneous trading transactions. With over 1,200,000 customers, Unocoin processes transactions worth more than INR 2B, every month.
In just 4 years since inception, the company has drawn more than 30 top investors from 5 countries. Unocoin is responsible for industry-leading innovations such as the Bitcoin Systematic Buying Plan (SBP), Bitcoin Point of Sale (POS) App and Bitcoin Over-The-Counter trading (OTC). In September 2016, Unocoin has raised $2 million in a Pre Series-A round, the highest total raised for a digital currency venture in Indian history. Funding was sourced from well-known Indian entities such as Blume Ventures, Mumbai Angels and ah! Ventures along with prominent international investors such as Digital Currency Group, Boost VC, Bank to the Future, Bitcoin Capital, Huiyin Ventures and FundersClub to move faster towards its vision of Making Money Simple through its mission Bringing Bitcoin to Billions.
Unocoin has launched a new order-based trading feature on its platform as part of a suite of updates on its iOS and Android application. The new feature on the platform is currently built to support six major crypto assets – Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Litecoin (LTC), Ethereum (ETH), and Ripple (XRP). The Stellar (XLM) coin will soon be released.