BitMEX Token in 2022, and Other Things I’m Looking Forward To

A message from Alexander Höptner, CEO of BitMEX

I couldn’t be more excited to announce that we’re launching BMEX, our token, in 2022. This is a token for true believers, and there are many reasons to believe in its potential. 

As we transform BitMEX into a full crypto exchange ecosystem, the launch of BMEX marks a rebirth. The BitMEX user experience will never be the same, and the products and services we offer will continuously expand and grow as we do. Many of you will have noticed the beginning of these changes already, with the introduction of a new user interface, the launch of Tether-margined contracts, and the rollout of BitMEX EARN. The BitMEX Spot Exchange is next.

We wanted to do things a little differently when it came to the launch of our much-awaited token. We’re bypassing the usual practice of having an initial private investor round in order to reward those we think are most deserving. Active BitMEX users (new and existing) will be the first to receive BMEX in a series of free airdrops starting on 1 February.

We’re going to airdrop millions of BMEX tokens in the first phase of the launch. Here’s how you can accrue as many tokens as possible:

    • Trade with BitMEX: From now until the end of March, you’ll be airdropped BMEX according to your trading volume. Earn up to 25% of your monthly trading fees in BMEX. The more you trade, the more BMEX you’ll be eligible for – airdrops are capped at 50,000 BMEX per user, per month. 
    • Sign up for a BitMEX account: Create a BitMEX account and complete KYC to receive 5 BMEX and 10 USDT (limited to the first 50,000 new users, so hurry!)
    • Refer 3 friends: All users, whether new or existing, will be rewarded with BMEX for referring new users to the platform. If you refer 3 new users who complete KYC, you’ll receive 15 BMEX as the referrer.

BMEX tokens will start to be airdropped on 1 February and BMEX will not be withdrawable until the beginning of the second phase. More contests, giveaways, and airdrops will occur throughout the first phase, giving our users many chances to accrue as many BMEX tokens as possible – so stay tuned.

The BMEX token will become tradeable on BitMEX in early Q2, when the BitMEX Spot Exchange goes live. That’s also when token utilities like trading fee discounts, enhanced yield on EARN, BitMEX Academy perks, and swag privileges will be available. 

Why BitMEX, Why BMEX?

BitMEX was created to bring analogue financial services into a purely digital space. We invented the perpetual swap, which brought us amazing success. Our resolve was tested by controversy, regulatory hurdles, and competition. Throughout it all, we’ve worked harder than ever to enhance BitMEX and put the customer first. 

2021 was a transformational year for BitMEX. We became one of the world’s largest fully verified crypto exchanges, revamped our leadership team, upgraded our trading engine dramatically, and greatly expanded our product suite (including the launch of Tether margining and EARN). We nearly doubled our headcount, and opened locations in Switzerland (for BitMEX Link) and Vancouver

BMEX plays strongly into our strong conviction that the user should always come first. Our airdrop campaign reflects that. And so does our ambitious product growth plan. It is our hope and expectation that as we grow, BMEX will grow with us. 

If you want to be among the first to receive the BMEX token, register here. First airdrops are scheduled for 1 February. Until then, all the best from me and all of us at BitMEX.