TechFlow News, December 21 — According to official announcements, the established derivatives exchange BitMEX will launch its platform token, BMEX. BMEX can be used for trading fee discounts, higher deposit yields, exclusive giveaways and sports ticket raffles, as well as free access to BitMEX Academy courses... Additionally, BitMEX will conduct quarterly purchases and burns of BMEX tokens. The token rollout will occur in two phases: new and existing users will receive a BMEX airdrop on February 1, 2022, followed by availability on secondary markets after BitMEX launches spot trading in early Q2 2022.
The maximum supply of BMEX is 450 million tokens. The majority of BMEX tokens will be allocated to reward users and develop the BitMEX ecosystem, with 20% reserved for BitMEX employees.
