Crypto exchange BitMEX is set to launch its own token and will airdrop to both its existing and new users.
Announcing the news on Tuesday, BitMEX said its BMEX token will be airdropped by February 1, 2022 in customers’ BitMEX wallets.
New users with completed KYC can register to get 5 BMEX tokens and 10 Tether (USDT) stablecoins.
Existing traders will get BMEX tokens as they trade. There is also a referral program for users who can refer 3 friends to sign up with completed KYC to get 15 BMEX tokens.
BMEX tokens will have a maximum supply of 450 million units, vested over a period of up to 5 years.
“The large majority of BMEX will be spent to reward users and grow the BitMEX ecosystem,” said BitMEX. “An allocation of 20% is reserved for BitMEX employees and another 25% for our long-term commitment to the token and ecosystem.”
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