Place/Date: MAHE, Seychelles - February 1st, 2022 at 4:41 pm UTC · 2 min read
Contact: Taylor Bossung, Source: BitMEX
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.
In the coming weeks and months, BMEX holders can expect:
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.”
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, Telegram, and the BitMEX Blog.