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Crypto Exchange BitMEX Announces Airdrop of New Native Token to Millions of Users

Crypto change BitMEX is gearing up to launch after which airdrop its model new utility token to its tens of millions of customers.

In a brand new announcement by way of Twitter, the change tells its 116,000 followers that its launching BMEX, its new token for “true believers.”

The airdrop, set to begin on February 1 of 2022, will see each new and present customers obtain BMEX.

According to a weblog post from BitMEX CEO Alexander Höptner, customers can take part within the airdrop both by buying and selling incentives on the change, signing up with a brand new account (for the primary 50,000 customers), or referring three associates.

After being airdropped, BMEX might be tradable as soon as the brand new BitMEX Spot Exchange goes stay someday in early Q2, 2022.

BitMEX says that there might be a tough cap provide of 450,000,000 BMEX, which might be distributed over the course of 5 years.

“The large majority of BMEX will be spent to reward users and grow the BitMEX ecosystem. An allocation of 20% is reserved for BitMEX employees and another 25% for our long-term commitment to the token and ecosystem.”

The change additionally says {that a} whitepaper for BMEX is slated for launch by the top of January of 2022.

Crypto change tokens have been amongst some of the highest performers on the market over the past yr.

Binance Coin (BNB), the utility token that powers Binance, the biggest crypto change on the planet, is up 1,450% over the past yr, whereas Crypto.com’s CRO token was at one level final month up 1,740% from the place it opened the yr. By comparability, Bitcoin (BTC) is up simply over 100% in the identical time-frame.

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Featured Image: Shutterstock/KHIUS/Vladimir Sazonov

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