What is BMX?
BMX, or BitMart Token, is a cryptocurrency created by BitMart.
BMX runs natively on the Ethereum blockchain and follows the ERC20 token standard. The BMX token has established with a total supply of 1 billion. BitMart plans to use 20% of our profits each quarter to buy back and burn BMX, until 50% of the total BMX supply is burned.
Value of BMX
Pay Trading fees
Receive a 25% discount on trading fees use BMX.
Gas for Public Blockchain
BMX will used to be GAS in future, if BitMart release BitMart public blockchain for a decentralized exchange.
How to Buy BitMart Token (BMX)
The easiest place to buy BitMart Token is obviously on BitMart. BitMart have many trading pairs available with BMX. Go to buy:
How to Store BitMart Token (BMX)
BMX is an ERC-20 coin. So, any wallet that supports Ethereum can also store BMX. You may need to point the wallet to the BMX smart contract address if you don’t see the funds in your wallet initially.
BMX Community Update: Security and Decentralization
We are glad to announce that BMX is fully decentralized starting August 23, 2022. The major upgrade includes the deployment of Gnosis Safe and timelock. This will help BMX team and DAO to provide more secure and decentralized governance.
Gnosis Safe is the most trusted and viable platform to manage digital assets with their state-of-the-art multi-signature feature for DAOs and teams. A timelock is a smart contract that delays function calls of another smart contract after a predetermined amount of time has passed, which provides BMX team and DAO sufficient time to evaluate the risk of any significant transaction.
The BMX token deployment is at the address：0x986EE2B944c42D017F52Af21c4c69B84DBeA35d8, and the address of the owner role is 0x5B7b9C0a51Eaf0324815cF8Fb6ffD84Ab2900069, which is a Timelock contract.
The admin of the Timelock deployment is 0x53e5FE23807489F5FE1e07f11A464f04A79F9e82, which is a Gnosis Safe deployment.
Gnosis Safe contract is under the management of BMX core team and BMX DAO. Any transaction requires the confirmation of 2 out of 3 following signers:
All signers use hardware wallets to manage their private keys.
BMX is an ERC-20 token created to support the BitMart ecosystem. Its vision is to bring cryptocurrency available to everyone everywhere, and such financial freedom would bring further economic innovation, efficiency, and equality to the world. BMX team will provide project updates via the official website on a timely basis.