On 11 November, 2022, the OG cryptocurrency derivatives exchange will launch the BMEX Token. The pioneering exchange, which introduced cryptocurrency perpetual futures, will launch its own token via an initial exchange offering – IEO.
The use case of BMEX is correlated with the growth of the exchange. The more people use the exchange, the higher the demand for BMEX.
Users can buy, stake and trade (spot and futures market) BMEX on the platform. If you choose to stake you are going to earn some additional benefits.
The Benefits of staking BMEX Tokens
- Up to 15% on trading fee discounts: staking BMEX gives additional trading fee discounts on top of any ADV-based fee tier.
- Refunds on withdrawal fees
- Early product access and privileges
- VIP services for large token holders
- Monthly token burn to collectively grow the BMEX ecosystem value
BMEX Token Burn
BitMEX intends to burn BMEX every month. The amount of eligible (buy and burn) BMEX will be calculated from:
- 4% of the Net Fee from derivatives markets
- 8% of the Net Fee from spot markets
- 50% of the Net Fee from BMEX Token trading pairs (Derivatives & Spot Markets)
How to earn BMEX Tokens?
You can earn BMEX in multiple ways. The easiest way is to create an account and join Bitmex. Users can get up to 80 BMEX Tokens
- When you register and deposit funds for the first time you receive 10 BMEX
- For trading on BitMEX Mobile a min. $250 USD on Spot or $5,000 USD on Derivatives you receive 10 BMEX
- For trading min. $250 USD on Spot you receive 15 BMEX
- For $250 USD or more via Buy Crypto you receive 15 BMEX
- If you Convert $250 USD or more you receive 15 BMEX
- If you trade a total of $10,000 USD or more on Derivatives you receive 15 BMEX
Users can also earn by trading on spot markets in Bitmex. Trade on BitMEX Spot within 30 days for BMEX rewards.
