Crypto exchange BitMEX on Tuesday mentioned it’s launching the buying and selling of native BMEX token on November 11. The BMEX token holding and staking will unlock buying and selling charge reductions, staking rewards, withdrawal charge waivers, and unique VIP privileges on the BitMEX platform. The troubled crypto trade seems to be to regain the market share within the derivatives market with the launch of BMEX buying and selling.
BitMEX Announces BMEX Token IEO Date
In its official blog on November 8, crypto trade BitMEX introduced the BMEX token buying and selling will go reside on November 11. It mentioned this provides customers unique alternative to take part in an IEO from the unique crypto trade.
Initially, customers can begin buying and selling with BMEX/USDT pair on the spot trade at 8 AM SGT. Just a few hours after, two perpetual swaps BMEXUSDT and BMEXUSD can be obtainable for buying and selling on the crypto trade. BitMEX asserts it takes solely 5 minutes for customers to register for an account. Moreover, BitMEX rewarded beneficiant airdrops of BMEX in 2022, calling BMEX “the Token for True Believers.”
“The traders, the HODLers, the whales and all of those in the community, who recognise that we live in a time where the future of money, transactions, art, security, investing, and more is being created. True believers recognise this potential. They aren’t passive observers. They are doers, evangelists, and trailblazers.”
The crypto trade revealed that holding and staking BMEX will present customers with buying and selling charge reductions of as much as 15%. It additionally consists of refunds on withdrawal charges; early product entry, BitMEX SWAG, and tickets to sporting occasions; VIP companies for big token holders; and month-to-month token burn to develop the BMEX ecosystem worth.
BMEX Delayed by the Crypto Exchange
BitMEX in July determined to delay the launch of BMEX as a result of unfavorable market situations. The Terra-LUNA disaster and liquidity disaster tanked the crypto market. The crypto trade airdropped millions of tokens after BitMEX unveiled the BMEX Token Litepaper, which outlines the formidable imaginative and prescient, utility, and roadmap for the token.
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