BitMEX, once the leading cryptocurrency exchange, whose name came to the fore with the news of the lawsuit after the Ripple lawsuit, announced the launch of its highly anticipated local token BMEX.
“We are excited to announce that our token BMEX has been minted,” the post on its Twitter account said.
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
In the statement made by BitMEX, it was stated that BMEX token will be distributed for both new users and existing users. The famous cryptocurrency exchange said that the BMEX token, which will be minted with a supply of 450 million, will be started to be distributed from February 1, 2022.
The BMEX token, which will be launched in two phases, will become tradable on the BitMEX exchange early in the second quarter of 2022, forming the second phase.
3 options have been announced to qualify for BMEX airdrops.
⦁ Sign up for BitMEX account: New users who complete KYC will receive 5 BMEX tokens and 10 USDT.
⦁ Trade with BitMEX: Existing users will receive a BMEX airdrop as a reward for their transactions. The more you trade, the more BMEX you get.
⦁ Recommend 3 friends: Get 3 friends to open an account and complete KYC and get 15 BMEX tokens as referrer.
BitMEX CEO Alexander Höptner went on to say that the launch of the BMEX token marks a rebirth for the BitMEX exchange:
“The vast majority of the BMEX token will be spent on rewarding users and growing the BitMEX ecosystem. We ensure that active BitMEX users are the first to airdrop BMEX. This is an exciting milestone for BitMEX and I hope BMEX will grow with us.”
Höptner added that new and existing users will constantly participate in contests and airdrops to get the chance to get as many BMEX tokens as possible.
BitMEX also stated that it will buy and burn BMEX tokens every quarter, and will publish details on its website, similar to Binance’s burning of BNB tokens.