BitMEX Partners with Tokeny on Forthcoming BMEX Token

BitMEX, a crypto derivatives exchange, has enlisted the help of Tokeny to support its forthcoming BMEX token launch.

BitMEX is using the BMEX airdrop to incentivize new users and recently announced adding over 50,000 new users to its platform.

Alexander Höptner, CEO of BitMEX, said that BitMEX is quickly becoming a full crypto exchange and they are rewarding users for their loyalty with BMEX.

“We chose to partner with Tokeny – one of the global leaders in the tokenisation technology space – to guide us in developing and issuing BMEX in the most secure way possible. Tokeny has a strong track record of working with major crypto players to streamline the token issuance process, and we’re glad to have brought them onboard to support the launch of BMEX.”

Luc Falempin, CEO of Tokeny, said they were pleased to work with BitMEX on the token issuance:

“In a short time period, we tested and successfully deployed the smart contracts thanks to the clear definition of token economics, the efficiency of the BitMEX team, and our in-house expertise.”

Since 2017, Tokeny has enabled more than USD 28 billion in tokenized assets via its platform. Tokeny is backed by Euronext, an exchange operator.

BMEX is an ERC-20 token with a maximum supply of 450 million. The token will incentivize participation within the BitMEX ecosystem, giving token holders trading discounts, enhanced yield on EARN products, early access to new products, and more. BMEX is being distributed in early 2022.

BMEX will not be withdrawable or tradeable until the BitMEX Spot exchange launches in early Q2 2022.


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