$0.298
2.47%
$0.290
24h Range
$0.306
Market Cap
$101,137,446.0
Fully Diluted Valuation
$262,711,340.5
24 Hour Trading Vol
$4,189,003.0
Circulating Supply
339,412,030.0
Total Supply
639,412,030.0
Max Supply
881,679,315.0
BitMart Token Price
$0.298
24h Range
$0.290 - $0.306
Percent Change 1h
1.42%
Percent Change 24h
2.47%
Percent Change 7d
-0.76%
All-time high
$0.619
All-time low
$0.006727
1D
7D
1M
1Y
All
BitMart Token (BMX) is the native cryptocurrency of the BitMart exchange, one of the leading digital asset trading platforms established in 2017. BMX is an ERC-20 token that operates on the Ethereum blockchain and serves multiple purposes within the BitMart ecosystem. As of early 2024, BMX has gained popularity among traders and investors for its utility and potential for value appreciation.
The primary functions of BMX include facilitating transaction fees on the BitMart exchange, offering trading fee discounts for users who hold the token, and enabling participation in various platform events. Additionally, BitMart has implemented a token burn mechanism to reduce the overall supply of BMX, thereby potentially increasing its value over time.
BitMart was co-founded by Sheldon Xia, who has a strong background in finance and technology. Xia previously worked at a prominent investment firm and has a deep understanding of blockchain and cryptocurrency markets. His vision for BitMart was to create a user-friendly platform that caters to both novice and experienced traders.
The BitMart team includes a diverse group of professionals from various fields, including finance, technology, and marketing, all working together to enhance the BitMart ecosystem and implement innovative solutions for users.
BitMart Token functions as a utility token within the BitMart exchange, providing several benefits to its users. One of the primary uses of BMX is to pay for trading fees on the platform, where users can enjoy significant discounts when using BMX compared to paying fees with other cryptocurrencies or fiat currencies.
Moreover, BitMart employs a buyback and burn strategy to maintain the token's value. This process involves the exchange purchasing BMX tokens from the market and permanently removing them from circulation. As of early 2024, BitMart has successfully conducted multiple burn events, significantly reducing the total supply of BMX and potentially increasing scarcity and, consequently, value.
In addition, the BitMart ecosystem allows BMX holders to participate in various promotional activities, token sales, and staking opportunities, enhancing the token's utility and encouraging users to hold onto their BMX for long-term benefits.
The use cases of BitMart Token are diverse, enhancing its value proposition. Here are some of the top use cases:
Securing your BitMart Token (BMX) is crucial to protecting your investment. Here are several strategies to ensure the safety of your BMX tokens:
Investing in BitMart Token (BMX) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy BitMart Token: Once your account is funded, you can purchase BitMart Token directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in BitMart Token using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
BitMart Token (BMX) is currently trading at $0.298 and exhibits good potential for future growth. Check the latest BitMart Token (BMX) price prediction.
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