Bitmex, a cryptocurrency trading platform, has announced the launch of an exchange token called BMEX, which will be available for airdrop.
Following in the footsteps of a slew of crypto platforms that have released exchange tokens, Bitmex has announced the creation of its own native coin named "BMEX." A user who registers and completes the KYC process will receive five BMEX coins and ten tethers, according to the company.
BMEX Tokens will be distributed to registered and KYC-processed users by Bitmex.
Bitmex, a cryptocurrency exchange, announced the launch of its own coin, BMEX, on Tuesday. The newly created asset is a "token for true believers," according to the digital currency exchange on Twitter.
Bitmex is a cryptocurrency exchange launched by Arthur Hayes, Ben Delo, and Samuel Reed in 2014. The BMEX token can be obtained in a number of ways, one of which is to register as a new user and complete the KYC process. This will earn you five BMEX tokens and ten tether (USDT) tokens.
By February 1, 2022, Bitmex claims to be airdropping money to existing and new customers. BMEX can also be earned by trading on the exchange or inviting at least three friends to sign up. If a person can convince three individuals to register and complete Bitmex's KYC procedure through referrals, they will receive 15 BMEX tokens. Traders can save up to 25% on trading by using BMEX tokens, according to the announcement.
Bitmex is a little late to the token exchange party.
Bitmex joins a lengthy list of trading platforms that have offered exchange tokens, including FTX, Binance, Coinflex, and others. BMEX will begin trading in the second quarter of 2022, according to Bitmex, which will also explain the tokenomics of the coin. Following the announcement, a few people attempted to register to receive their incentives, but encountered difficulties. Following that, Bitmex stated that "some intermittent delays in the setup of accounts and USDT deposit addresses" had occurred.
Another user joked that Bitmex was a few years behind the curve when it came to releasing exchange tokens. In response to Bitmex's BMEX announcement tweet, the individual said, "4 years late but nice try." "Do I get a token for each liquidation notice?"
Bitmex has experienced a number of difficulties, including the founders being charged with breaking the US Bank Secrecy Act. Reed was apprehended, Hayes surrendered, and Delo also surrendered to the authorities. Hayes was released on bond after turning himself in, and all three co-founders are set to appear in court on March 28, 2022, in New York.
