Leading crypto exchange BitMEX, today announced its partnership with Tokeny, a tokenization platform service provider to help launch its native BMEX token. Tokeny contributed its technical expertise and advice during the token’s development phase in 2021 and is working alongside the BitMEX team to ensure the smooth rollout of the token’s launch phase, which is taking place in early 2022.
Designed as an ERC-20 token, BMEX has a maximum supply of 450 million – many of which will be used to reward new and existing BitMEX users.
The token will incentivize participation within the growing BitMEX ecosystem, giving token holders trading discounts, an enhanced yield on EARN products, early access to new products, and more.
For a limited time, users will get the chance to earn as much BMEX as possible by participating in contests and giveaways. Just yesterday, the exchange unlocked its latest welcome offer: the first 10,000 new users who complete KYC and subscribe to 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 global leaders in the tokenization technology space – to guide us in developing and issuing BMEX in the most secure way possible. Tokeny has a strong track record of working with major crypto players to streamline the token issuance process, and we’re glad to have brought them on board to support the launch of BMEX.”
– Alexander Höptner, CEO of BitMEX
Since 2017, Tokeny has helped establish more than USD 28 billion in tokenized assets via its solutions. Tokeny is backed by Euronext, a leading market infrastructure in Europe.
“In a short time period, we tested and successfully deployed the smart contracts thanks to the clear definition of token economics, the efficiency of the BitMEX team, and our in-house expertise.”
– CEO of Tokeny, Luc Falempin
The BMEX token will not be withdrawable or tradeable until the BitMEX spot exchange opens in Q2 2022. To receive BMEX tokens, see airdrop terms and conditions, and learn more, visit the BitMEX token page.