BitMEX, the leading crypto exchange, today announced its partnership with Tokeny, a tokenization platform service provider to help launch its native BMEX token. Tokeny provided technical expertise and advice during the token development phase in 2021 and is working alongside the BitMEX team to ensure the smooth running of the token launch phase, which takes 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 encourage participation within the growing BitMEX ecosystem, providing token holders with trade discounts, enhanced returns on EARN products, early access to new products, and more.
For a limited time, users will have the chance to win 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 have chosen to partner with Tokeny – one of the world leaders in tokenization technology – 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 are happy to have partnered with them to support the launch of BMEX.
– Alexander Höptner, CEO of BitMEX
Since 2017, Tokeny has helped establish over $ 28 billion in tokenized assets through its solutions. Tokeny is supported by Euronext, a leading market infrastructure in Europe.
“In a short period of time, we have successfully tested and deployed smart contracts thanks to the clear definition of the token economy, the efficiency of the BitMEX team, and our in-house expertise.”
– CEO of Tokeny, Luc Falempin
The BMEX token will not be withdrawn or exchangeable until the BitMEX spot exchange opens in the second quarter of 2022. To receive BMEX tokens, see the airdrop terms and conditions and to learn more, visit the BitMEX tokens page.