Details of BMEX Token Lite Whitepaper and the Airdrop

BitMEX has announced that the BMEX Token Lite Whitepaper is now live. Get ready: tomorrow BitMEX will airdrop over 1 million BMEX. Starting tomorrow at 10:00 UTC, all BitMEX users who qualify for the airdrop will be able to start staking BMEX.

Since the launch of BMEX, they have received great enthusiasm from both new and existing users, many of whom are eager to learn about BitMEX’s token utility features and roadmap. So here it is: visit BitMEX’s token page and download the short white paper, or read on to learn more.

Go to BitMEX’s Official Website

About BMEX Token Lite White Paper

BitMEX’s 10-page short white paper outlines BMEX’s vision, key features, benefits and roadmap. Below is an overview of what BitMEX’s short white paper covers.

Vision

Cryptocurrencies are at the heart of this new era as the world moves from analogy to digital. And they are building BitMEX into the cornerstone of the crypto-economic infrastructure. BMEX is the token of true believers in this new paradigm and the fuel BitMEX uses to expand the ecosystem.

Main feature

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. You can view more details on the token vesting schedule and distribution here.

Join BitMEX’s BMEX Airdrop

The benefits of holding BMEX

BMEX incentivizes participation in the growing BitMEX ecosystem. New and existing users can earn BMEX by meeting the eligibility criteria for BitMEX’s token offer and staking BMEX through their BitMEX wallet*. By holding and staking BMEX, you can enjoy the following benefits:

  • Up to 15% discount on transaction fees
  • Exclusive exclusive privileges and experiences such as early product access, BitMEX memorabilia and VIP tickets to sporting events
  • VIP service for users who hold more than 500,000 BMEX
*BitMEX holders can stake BMEX starting tomorrow at 10:00 UTC.

As BitMEX grows, BMEX will grow with them — and continue to expand its utility. In the coming weeks and months, BMEX holders can look forward to:

  • Exclusive product access and offer terms for upcoming services
  • Higher BitMEX EARN Deposit Returns
  • Free access to BitMEX Academy courses and private community channels
  • Fee Discounts on BitMEX Spot (available in Q2)

For details on the benefits of holding BMEX, please visit BitMEX’s Tokens page.

Go to BitMEX’s Official Website

Token Roadmap

The rollout of BMEX consists of two phases:

  • Phase 1 – Trade and Earn BMEX: New and existing users eligible for BitMEX’s token offer will be able to earn BMEX. The more you trade and participate in the BitMEX ecosystem, the more BMEX you can earn. Please note that BMEX cannot withdraw or trade at this stage.
  • Phase 2 – Trading BMEX on BitMEX Spot: Following the launch of BitMEX Spot in Q2, BMEX tokens will be available for trading on BitMEX’s Spot spot exchange.

Join BitMEX’s BMEX Airdrop