Crypto derivatives exchange BitMEX is preparing to launch its own token and will distribute it to both new and existing users.
The announcement states that the airdrop will be available on February 1, 2022 to exchange wallets. The first 50,000 new users to complete KYC will receive 5 BMEX and 10 Tether (USDT). Registered clients will receive tokens as they trade in the amount of 25% of the monthly commission. The limit per person is 50,000 BMEX per month.
The total supply of BMEX is 450 million. They will be minted immediately and released into circulation over the next five years. 20% of the issue is blocked for BitMEX employees and another 25% will create a project development fund. The remaining tokens are planned to be distributed to the community.
BitMEX plans to launch spot trading in the second quarter of 2022 and the BMEX token will be one of the first to be listed. Until this moment, it will be impossible to withdraw them.
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According to www.theblockcrypto.com
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