BitMEX Taps Tokeny for Native Exchange Token Launch

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BitMEX, an offshore platform for crypto derivatives, announced Thursday that it has hired Tokeny to help with the launch of its native token.

Tokeny is a tokenization service provider. It has provided technical advice and technical expertise to BitMEX, and is currently working with the exchange to launch the token.

“We are happy to work with BitMEX in order to launch its token BMEX,” stated Luc Falempin (Chief Executive Officer at Tokeny).

“We were able to test and deploy the smart contracts in a very short time thanks to the clear definition and efficiency of BitMEX and our in-house expertise.”

Another exchange token

BitMEX announced the launch of its token last week. This joins other exchanges that offer native cryptocurrency. The token airdrop will be launched by the exchange in February 2022. It will then be distributed to existing and potential new customers.

BMEX, based on the ERC-20 standard will be launched on Ethereum blockchain. BMEX will have a maximum supply limit of 450,000,000 tokens. It also has a future token burning mechanism. This token will be used in conjunction with BitMEX’s future crypto spot exchange.

Alexander Hoptner is BitMEX’s CEO. He stated that BitMEX has rapidly become a complete crypto exchange ecosystem in order to better serve its growing user base. BMEX was created to thank our users for their loyalty. Tokeny is a global leader in tokenization technology and we chose Tokeny to help us develop and issue BMEX in a secure manner. Tokeny has an excellent track record of working alongside major crypto players to streamline the token issuance process. We are glad that they have joined us to support the launch.

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