BitMEX struggles to retain relevancy, launches native cryptocurrency to reward users
ambcrypto.comBitmex, one of the formerly leading cryptocurrency derivatives exchanges, has since fallen out of its heyday owing to the rise of rival exchanges and its own brushes with the law. The China-based platform doesn’t seem to be backing down. In fact, the exchange has decided to embark on a path several other exchanges have taken to maintain relevancy.
In its latest move, Bitmex announced the release of its own native token, BMEX. Further, it will be airdropping 1.5 million tokens to eligible users starting from 1 February. It noted,
“BMEX is an ERC-20 token with a maximum supply of 450 million – many of which will be used to reward new and existing BitMEX users. The tokens are locked in a 5-year vesting contract.”
Through this, it has joined the ranks of rival crypto exchanges that also offer their own tokens, including Binance, FTX, and Crypto.com.
<p lang=«en» dir=«ltr» xml:lang=«en»>Benefits for #BMEX Token holders Read more on ambcrypto.com
