BitMex will launch its own token and conduct an airdrop

The trading and withdrawal of the new token will be available in the second quarter of 2022

22.12.2021 - 08:15

1 min

What’s new? The popular cryptocurrency exchange BitMex has published news about the imminent launch of its own token. As early as February 1, the platform will hold an airdrop and distribute the first tokens to its users for free.

We’re thrilled to announce the minting of our token, BMEX 🔥The Token for True Believers!Learn how to be eligible for our #BMEX #airdrop here: https://t.co/obpUxHySmJ pic.twitter.com/9naBGT08wM— BitMEX (@BitMEX) December 21, 2021

What is known about the new asset? A total of 450 million tokens will be issued under the BMEX ticker. Up to 45% of the issue will be directed to pay rewards and develop the exchange's ecosystem. The owners of the asset will receive discounts on the exchange fees, higher deposit yields, and a number of other benefits.

From February 1, the exchange will start crediting tokens to users' accounts, while the full-fledged trading of the asset and withdrawals will be available in the second quarter of next year. The BitMex team also said it will conduct quarterly issuance and burning of its own tokens to stimulate the growth of its value.

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