Sunday, January 23, 2022

BitMEX Taps Tokeny for Native Exchange Token Launch

- Advertisement -
- Advertisement -
- Advertisement -


BitMEX, an offshore crypto derivatives platform, introduced on Thursday that it has tapped the providers of Tokeny for the upcoming launch of its native alternate token.

Tokeny, which is a
 
 tokenization 
service supplier, has already supplied technical experience and recommendation to BitMEX and is now working with the alternate to make sure a easy launch of the alternate token.

“We are pleased to work with BitMEX to launch its token, BMEX,” stated Luc Falempin, the Chief Executive Officer at Tokeny.

“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.”

Another Exchange Token

BitMEX first introduced the upcoming launch of its token final month, thus, becoming a member of its different opponents to supply a local cryptocurrency. The alternate is predicted to begin the
 
 airdrop 
of the token from February 2022 and can distribute it amongst each current and new prospects.

Based on the ERC-20 commonplace, BMEX will likely be launched on the Ethereum blockchain. The alternate will mint a most provide of 450 million tokens and has provide you with a token burning mechanism for the long run. The token will complement the providers of BitMEX’s upcoming crypto spot alternate.

Alexander Höptner, the CEO at BitMEX, stated: “BitMEX is fast becoming a full crypto exchange ecosystem to serve our growing user base. Our users always come first, and we launched BMEX to reward them for their loyalty. 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.”

BitMEX, an offshore crypto derivatives platform, introduced on Thursday that it has tapped the providers of Tokeny for the upcoming launch of its native alternate token.

Tokeny, which is a
 
 tokenization 
service supplier, has already supplied technical experience and recommendation to BitMEX and is now working with the alternate to make sure a easy launch of the alternate token.

“We are pleased to work with BitMEX to launch its token, BMEX,” stated Luc Falempin, the Chief Executive Officer at Tokeny.

“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.”

Another Exchange Token

BitMEX first introduced the upcoming launch of its token final month, thus, becoming a member of its different opponents to supply a local cryptocurrency. The alternate is predicted to begin the
 
 airdrop 
of the token from February 2022 and can distribute it amongst each current and new prospects.

Based on the ERC-20 commonplace, BMEX will likely be launched on the Ethereum blockchain. The alternate will mint a most provide of 450 million tokens and has provide you with a token burning mechanism for the long run. The token will complement the providers of BitMEX’s upcoming crypto spot alternate.

Alexander Höptner, the CEO at BitMEX, stated: “BitMEX is fast becoming a full crypto exchange ecosystem to serve our growing user base. Our users always come first, and we launched BMEX to reward them for their loyalty. 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.”



Source hyperlink

- Advertisement -

More from the blog

Low Volumes Across Crypto Spot Markets and Derivatives Indicate Bearish Conditions – Market Updates Bitcoin News

Digital foreign money markets have slipped considerably in worth over the past two weeks and the decrease costs haven't sparked greater commerce volumes....

Value Locked in Defi Slides 21% in 2 Weeks, $200B TVL Still 10x Larger Than This Time Last Year – Defi Bitcoin News

The worth locked in decentralized finance (defi) has dropped 21.22% since January 4, 2022. At the time, the overall worth locked (TVL) in...

Lawyer Accuses Huobi of Operating a Cryptocurrency Exchange That’s ‘Held Accountable Nowhere’ – Exchanges Bitcoin News

Houbi Global, which relies in Seychelles, has been accused by lawyer Jonathan Levy of working with out accountability to any jurisdiction. The lawyer...

Zimbabwe Signs Agreement Enabling Collection of Taxes From Crypto and E-Commerce Entities – Taxes Bitcoin News

The Government of Zimbabwe has confirmed signing an settlement with Daedalus World Limited which permits the latter to gather taxes from crypto and...