Major cryptocurrency exchange BitMEX today announced its partnership with Tokeny, a tokenization platform service provider to help launch its native token BMEX. Tokeny contributed its technical expertise and advice during the 2021 token development phase and is working together with the BitMEX team to ensure a smooth launch of the token launch phase, which will take place in early 2022.
Designed as an ERC-20 token, BMEX has a maximum supply of 450 million, much of which will be used to reward new and existing BitMEX users.
The token will encourage participation in the growing BitMEX ecosystem, offering trade discounts to token holders, improved performance on EARN products, early access to new products, and much more.
For a limited time, users will have the opportunity to win as many BMEX as possible by entering contests and sweepstakes. Just yesterday, the exchange unlocked its latest welcome offer: the first 10,000 new users who complete KYC and sign up for EARN will receive up to 40 BMEX tokens.
“Our users always come first and we launched BMEX to reward them for their loyalty. We chose to partner with Tokeny, one of the world leaders in the tokenization technology space, to guide us in developing and issuing BMEX in the safest way possible. Tokeny has a strong history of working with major crypto players to streamline the token issuance process, and we are happy to have them on board to support the launch of BMEX. " - Alexander Höptner, CEO of BitMEX
Since 2017, Tokeny has helped establish more than $ 28 billion in tokenized assets through its solutions. Tokeny is backed by Euronext, a leading market infrastructure in Europe.
"In a short period of time, we have successfully tested and implemented smart contracts thanks to the clear definition of token economy, the efficiency of the BitMEX team, and our in-house expertise." - Tokeny CEO Luc Falempin
The BMEX token cannot be withdrawn or traded until the BitMEX spot exchange opens in Q2 2022. To receive BMEX tokens, see the airdrop terms and conditions and learn more by visiting the BitMEX token page.