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Monday, February 6, 2023

BitMEX Releases BMEX Token Litepaper, Airdrops over 1.5 Million BMEX to New and Existing Users

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MAHE, Seychelles, 1st February, 2022, Chainwire

Crypto-products trading platform BitMEX today airdropped over 1.5 million of its BMEX Tokens to thousands of new and existing users. The airdrop comes a day after BitMEX unveiled the BMEX Token Litepaper, which outlines the ambitious vision, utility, and roadmap for the token.  

BMEX is an ERC-20 token with a maximum supply of 450 million – many of which will be used to reward new and existing BitMEX users. The tokens are locked in a 5-year vesting contract. Further details on the token vesting schedule and allocation can be found here.

BMEX holders can stake BMEX from 1 February at 10:00 UTC onwards and start enjoying benefits. Trading of BMEX will commence in early Q2 upon the launch of the BitMEX spot exchange. 

By holding and staking BMEX, users can receive: 

  • Trading fee discounts of up to 15%
  • Exclusive privileges and experiences, such as early product access, BitMEX swag, and VIP tickets to sports events 
  • VIP services for users who hold 500,000+ BMEX 

In the coming weeks and months, BMEX holders can expect:

  • Exclusive product access and preferential terms for upcoming services 
  • An increased rate of return on BitMEX EARN deposits
  • Free access to BitMEX Academy courses and private community channels
  • Fee discounts on BitMEX Spot (launching in Q2)

Alexander Höptner, CEO of BitMEX, said: “Although this is a huge milestone for BitMEX users, it’s important to consider that we’re just at the beginning of our journey. Crypto is at the core of a massive shift from analogue to digital, and we’re positioning BitMEX to be a cornerstone of this new paradigm. BMEX is the token for true believers in this new era and will be the fuel we use to expand the BitMEX ecosystem.” 

For detailed information on the benefits of holding BMEX, please visit the Token microsite. To register for BitMEX today, click here.

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About BitMEX

BitMEX” rel=”nofollow noopener”>BitMEX is a trading platform that offers users access to the global digital asset financial markets. BitMEX is owned by HDR Global Trading Limited. To learn more about BitMEX, our vision, growing team, and the road ahead, please follow us on Twitter” rel=”nofollow noopener”>Twitter, Telegram” rel=”nofollow noopener”>Telegram, and the BitMEX Blog” rel=”nofollow noopener”>BitMEX Blog. For further inquiries, please contact [email protected]

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Disclaimer

Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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