Crypto Trading Platform Bitmex Reveals Exchange Token Called BMEX, Airdrop

The crypto buying and selling platform Bitmex has introduced the launch of its personal native cryptocurrency referred to as “BMEX,” following a slew of crypto platforms which have issued change tokens. According to the corporate, a consumer who registers and completes the KYC course of will get 5 BMEX cash and ten tethers.

Bitmex to Airdrop BMEX Tokens to Registered and KYC-Processed Users

On Tuesday, the crypto change Bitmex announced the minting of its personal token referred to as BMEX. The digital foreign money change said on Twitter that the newly minted asset is a “token for true believers.” Bitmex is an change that was based in 2014 by Arthur Hayes, Ben Delo, and Samuel Reed. There are a couple of methods to get the BMEX token and a method is to register as a brand new consumer and full the KYC course of. People who do that will get 5 BMEX and ten tether (USDT) tokens.

Bitmex says that the corporate will airdrop cash to current and new customers by February 1, 2022. Users may also earn BMEX by buying and selling on the change or referring no less than three pals to register. Referrals will get an individual 15 BMEX tokens if an individual can get three individuals to register and full Bitmex’s KYC course of. According to the announcement, merchants can save as much as 25% buying and selling by leveraging BMEX tokens.

Bitmex Late to the Exchange Token Party

Bitmex follows an extended record of buying and selling platforms like FTX, Binance, Coinflex, and others which have launched change tokens. Bitmex particulars that BMEX will begin buying and selling within the second quarter of 2022 and the agency can even clarify the coin’s tokenomics. After the announcement, a couple of individuals registered to get their rewards, however had points. Bitmex then disclosed that there have been “some intermittent delays within the creation of accounts and USDT deposit addresses.”

Another particular person jokingly wrote that Bitmex was a couple of years late to the sport in relation to releasing change tokens. “4 years late however good strive,” the person said in response to Bitmex’s BMEX announcement tweet. Another individual wrote: “Do I get a token for every liquidation discover?”

Bitmex has had a couple of points such because the founders being indicted on fees of violating the U.S. Bank Secrecy Act. Reed was arrested, Hayes turned himself in, and Delo additionally turned himself in to the authorities. When Hayes turned himself in he was launched on bond and all three co-founders are resulting from seem for a trial scheduled for March 28, 2022, in New York.

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