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BitMEX, a cryptocurrency exchange and derivatives platform, will announce its native token BMEX later this week.
BitMEX To tell BMEX Token Initial Exchange Offering (IEO) to take place on Friday.
Tokens will be listed exclusively on the BitMEX spot exchange before being made available for trading derivatives on the same platform.
On November 11, 2022, we will launch a BMEX token dedicated to trading on BitMEX, offering users an exclusive opportunity to participate in the IEO from OG. [original] crypto exchange.
First, around 8am SGT [Singapore Time]BMEX/USDT will become the newest trading pair on our spot exchange, followed by two perpetual swaps of BMEXUSDT and BMEXUSD just hours later. “
Several advantage BMEX token holders will enjoy discounted trading fees, staking rewards, and lower withdrawal fees.
The BMEX token is built on the Ethereum (ETH) blockchain and its supply is limited to 450 million. According to BitMEX, the native token has a 4-year vesting schedule. white paper.
BMEX’s first exchange offering is about five months behind schedule, as trading was originally scheduled for June.
BitMEX first announced a utility token in December 2021. air drop took place in February and over 1.5 million BMEX tokens were distributed free of charge to both new and existing users. Staking of BMEX tokens started hours after the first airdrop.
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Featured Image: Shutterstock/X-Poser/Fotomay
