BitMEX Performed Its First Airdrop

BitMEX exchange performed its first airdrop. The exchange distributed 1.5 million BMEX to its users.

Derivative cryptocurrency exchange BitMEX has completed the first airdrop of its own token, which features a distribution scheme based on past transactions by users on the exchange. 1.5 million BitMEX tokens were distributed to users. Ethereum-based tokens with a supply of 450 million are kept locked in a 5-year vesting contract. These tokens are distributed to both new and old users and enable them to benefit from various campaigns. 5% of the tokens are reserved for future airdrops, 20% for liquidity when spot transactions start, 20% for BitMEX employee incentives, 30% for marketing and related rewards, and 25% as long-term reserves. In the litepaper of the token, it is stated that BMEXs help both the growth of the stock market and the arrival of new users on the platform, and it is informed that tokens will be burned every quarter in order to increase the usage areas. Token holders will also be able to gain free access to BitMEX Academy courses and private community channels, as well as earning high returns on the exchange's passive earnings product, BitMEX EARN. On the other hand, there are benefits such as obtaining VIP invitations to special events, including sports, and accessing special products for those holding BMEX of 500 thousand or more. BitMEX's spot trading is expected to start from the second quarter of this year. Staking operations in BMEX token can be made from tomorrow.