The crypto trading platform Bitmex has announced the launch of its own native cryptocurrency called “BMEX,” following a slew of crypto platforms that have issued exchange tokens. A user will be able to receive five BMEX coins as soon as they register and go through the KYC process.
Bitmex to Airdrop the BMEX Tokens for Registered and KYC Processed Users
Bitmex’s crypto exchange announced on Tuesday the creation of its own token, BMEX. Digital currency exchange said on Twitter that the newly minted asset is a “token for true believers.” Bitmex is an exchange that was founded in 2014 by Arthur Hayes, Ben Delo, and Samuel Reed. You can get your BMEX token in a number of ways. One way to do this is to register for a new account and go through the KYC process. This will give you five BMEX tokens and ten USDT tokens.
Bitmex claims that it will begin airdropping coins to all existing users and new users on February 1, 2022. BMEX can be earned by traders who register on the exchange and by referring three or more friends. Referrals will get a person 15 BMEX tokens if a person can get three people to register and complete Bitmex’s KYC process. The announcement states that traders could save as much as 25% by using BMEX tokens.
Bitmex late to the Exchange Token Party
Bitmex is one of many trading platforms that has introduced exchange tokens, including Binance and Coinflex. Bitmex details that BMEX will start trading in the second quarter of 2022 and the firm will also explain the coin’s tokenomics. Some people tried to register for rewards but were unsuccessful. Bitmex was then launched. disclosed that there were “some intermittent delays in the creation of accounts and USDT deposit addresses.”
One person joked that Bitmex had been a little late when it came to issuing exchange tokens. “4 years late but nice try,” the individual said in response to Bitmex’s BMEX announcement tweet. An additional person wrote: “Do I get a token for each liquidation notice?”
Bitmex was not without its problems, with the founders of Bitmex being charged under the U.S. Bank Secrecy Act. Reed was taken into custody, Hayes surrendered, and Delo turned in his passport to authorities. Hayes was arrested and released under bond. The trial is scheduled to take place in New York on March 28th 2022.
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