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Introduction

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On April 8th, it was announced that the Open Exchange (OPNX), a bankruptcy claims exchange founded by the founder of Sanjian Capital, Su Zhu, and others, has of

Introduction

On April 8th, it was announced that the Open Exchange (OPNX), a bankruptcy claims exchange founded by the founder of Sanjian Capital, Su Zhu, and others, has officially launched the Make Maker Program, aiming to provide liquidity incentives to market makers. There are two main incentive methods: one is that up to 200 VIP market makers can receive a monthly subsidy of $5000, and the other is that they will support incentives ranging from $50000 to $500000 per month based on the proportion of transaction volume.

Cryptographic Claims and Trading Platform OPNX Announces Market Maker Plan

On April 8th, 2021, the Open Exchange (OPNX) announced the launch of the Maker Maker Program, which aims to provide liquidity incentives to market makers. The program was founded by Su Zhu, founder of Sanjian Capital, and others. The program is designed to attract more market makers to the platform and improve liquidity.
# Outline
I. Introduction
II. Who is Su Zhu?
III. What are the incentives of the Maker Maker Program?
A. Monthly Subsidy
B. Transaction Volume Incentives
IV. How will the Maker Maker Program benefit OPNX?
V. Conclusion
VI. FAQs
# Who is Su Zhu?
Su Zhu is the founder of Sanjian Capital and a well-known figure in the world of cryptocurrency. He has been involved in the crypto space for many years and has contributed significantly to the industry’s growth. Sanjian Capital is a cryptocurrency investment firm that manages digital assets for institutional investors.
# What are the incentives of the Maker Maker Program?
The Maker Maker Program offers two main incentivized methods to market makers: monthly subsidies and transaction volume incentives.

A. Monthly Subsidy

Up to 200 VIP market makers can receive a monthly subsidy of $5,000. This is designed to encourage market makers to participate regularly on the platform and improve liquidity.

B. Transaction Volume Incentives

The program will support incentives ranging from $50,000 to $500,000 per month based on the proportion of transaction volume. The more a market maker trades, the greater the incentives they will receive.
# How will the Maker Maker Program benefit OPNX?
By offering incentives to market makers, the Maker Maker Program will attract more liquidity to the platform. Improved liquidity will lead to more trading opportunities for users and can ultimately help OPNX grow its user base. The program will also help to increase awareness of OPNX within the crypto community.
# Conclusion
The Maker Maker Program is an innovative initiative launched by OPNX with the aim of improving liquidity on the platform. It offers valuable incentives to market makers and is expected to drive increased trading volume. As the program gains traction, it has the potential to become a key competitive advantage for OPNX.
# FAQs

Q1. What is a market maker?

A market maker is an individual or firm that participates in buying and selling financial instruments, such as stocks or cryptocurrencies, to provide liquidity to an exchange.

Q2. How can I become a market maker on OPNX?

Users can apply to become a market maker on OPNX by contacting the platform’s support team.

Q3. Will the Maker Maker Program be available indefinitely?

OPNX has not announced any plans to end the Maker Maker Program. However, the availability of incentives may be subject to change based on market conditions and other factors.

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