BitMEX has stated on its website that there will be a maximum supply of 450 million BMEX tokens over five years. 20% of that supply is already earmarked for BitMEX employees. The company says that “the remaining 25% of the tokens will be used for tokenization and the ecosystem.”
The initial 50,000 new users, who sign up for the token before January 31, 2022, and meet BitMEX’s KYC protocol, will receive 5 BMEX tokens and 10 Tether tokens. If a user adds three other people to BMEX before this deadline, he will get an additional 15 BMEX tokens. Existing users will be able to raise up to 25 percent of their trading fees in BMEX by simply trading on the exchange.
The price of each BMEX token is not currently known. This will be determined after the launch of the company’s spot branch in the second quarter of 2022. Please note that users will not be able to withdraw the token until the spot trading starts.<!–
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