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BitMEX to Launch BMEX Token in 2022, Announces Airdrop
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Major crypto derivates exchange BitMEX said it will launch its token, BMEX, in 2022, in two phases.
The first phase, an airdrop, "starts now," the company said, adding that users trading from now until the end of March, will be airdropped BMEX according to their trading volume.
The exchange noted that the tokens will start to be airdropped on 1 February.
Meanwhile, the second phase, coinciding with the launch of BitMEX Spot in early Q2, will see BMEX become tradeable on BitMEX, they said, adding that it is when a USD or BTC denominated value of BMEX token will be determined by the market.
"BMEX will have a maximum supply of 450 million tokens, vested over a period of up to 5 years. The large majority of BMEX will be spent to reward users and
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