Crypto derivatives platform BitMEX presented its native ERC-20 token BMEX, which has a max supply of 450 million tokens.
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BitMEX distributed 1.5 M tokens to the users of the platform via airdrop. This way, the customers of the platform became the first holders of the coin. According to an announcement by the BitMEX team, the token will become tradable in the early second quarter of this year. Till then, users who received the airdropped tokens can earn more BMEX by staking their tokens.
How much tokens a user will earn depends on their trading activities.
Holders of BMEX will access a number of benefits such as trading fee discounts, and opportunities to take part in product offerings and special events.BitMEX was established in 2014. Recently, BXM Operations a company founded by BitMEX CEO Alexander Höptner and CFO Stephan Lutz, revealed plans to acquire Germany-based bank Bankhaus von der Heydt to build a regulated crypto products hub.