BMEX Revamped: More Fee Tiers, Reduced Staking Requirements, 50% Increase in Staking Rewards and Boosted Benefits
We’re excited to announce that big positive changes are coming for the BMEX Token community – featuring a 50% increase in staking rewards, higher staking yields, lower trading fees (save up to 70%), and more.
The changes come as a result of our commitment to provide enhanced utility and benefits for all our traders on the BitMEX platform. The improvements to BMEX’s utility also come in light of the token’s outperformance in the past 6 months – having surged over 92% to date (at the time of writing).
What’s more, we believe there is even more room for BMEX’s price potential – read our BMEX analysis to learn more here.
TL;DR?
- Higher Staking Rewards: A 50% increase in staking rewards for BMEX holders (from 5% to up to 7.5%)
- Easier Access to Fee Tiers: More competitive fee tiers with increased fee discounts of up to 70%
- Yield Generating Airdrops: From now on, users will receive staked BMEX airdrops – eliminating the need for traders to stake the token themselves
- Greater Flexibility: BMEX’s unstaking period to be reduced by half from 14 days to 7 days
To learn more about the benefits of BMEX and how you can start earning rewards, read on.
If you haven’t signed up for a BitMEX account yet, we’re currently offering up to $5,000 in BMEX Tokens for verified users – you can register here.
Benefits and Advantages of the BMEX Token
BMEX is the native utility token of the BitMEX exchange, designed to fuel traders’ financial potential through staking rewards, trading fee discounts, withdrawal fee refunds, and exclusive privileges.
Some of the key benefits of BMEX include:
- High Staking Rewards: Earn up to 7.5% in rewards for staking BMEX in your BitMEX wallet
- Trading Fee Discounts: Access improved fee tiers with competitive trading fee discounts across derivatives and spot markets
- Staked Token Airdrops: Get more BMEX airdrops depending on your current fee level
What’s more, BitMEX burns BMEX Tokens every month to ensure ecosystem growth and utility. This monthly burn programme helps drive demand for BMEX in the long-term, providing token holders exposure to price surges on top of the token’s ecosystem benefits.
The amount of BMEX for burning are 4% of Net Fees from derivatives markets, 8% of Net Fees from spot markets, and 50% of Net Fees from the BMEX trading pairs on BitMEX.
How to Get BMEX Tokens
BMEX is currently available on BitMEX, Uniswap, and Gate.io.
The key driver behind this initiative was to reward all types of traders – new, returning, and existing ones – with increased accessibility to BMEX and its benefits. With this in mind, we have opportunities for all traders on our platform to receive BMEX rewards.
New or returning traders on BitMEX can enjoy up to $5,000 in BMEX airdrops within their first 30 days, depending on their trading volume. You can find the details of this here: https://www.bitmex.com/welcome-offer-2024.
Existing traders on our platform can improve their fee tiers and receive higher staking rewards of up to 7.5% depending on their deposit value and trading volume. You can find the details of this here: https://www.bitmex.com/BMEX
To be the first to know about our new promotions, giveaways, listings, and product launches, you can visit https://www.bitmex.com/ or connect with us on Discord, Telegram, and Twitter. We encourage you to also check our blog regularly.
In the meantime, if you have any questions please contact Support.
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