November 1, 2023 – BITmarkets crypto exchange has announced the public sale of its platform-native token BTMT, which begins on November 1, 2023. The total minted supply of BTMT on deployment is 300 million tokens, while an allocation to the public sale accounts for 60 million tokens (20%). The initial price has been set to 1 BTMT = 0.166 MATIC, and the token price will increase linearly during the public sale to value up to 1 BTMT = 0.200 MATIC.
“With the built-in deflationary mechanism, the final supply of the token shall be reduced to 200 million. The burning process will make the price increasingly attractive. Following the presale, the value of the tokens is expected to rise until the eventual listing, which we expect to occur next year,” said Peter Sumer, CEO of BITmarkets, and added: “We plan to use most of the funds raised from token sales for further growth, platform optimization, marketing, and acquisitions.”
BITmarkets Token (BTMT) is a native exchange token that offers its holders cryptocurrency trading benefits, including significantly lower fees, and exclusive support and advice from a dedicated team of experts. In addition, purchasing BTMT supports ESG projects (social responsibility and sustainability projects) and token holders can participate in their selection.
BITmarkets is a cryptocurrency exchange that offers 24/7 support in 15 languages. Traders can engage in spot trading in 150+ cryptocurrencies as well as trade unique futures contracts. For more information, explore bitmarkets.com.
BITmarkets Spot Trading Services are provided to you by UAB BITmarkets, which is an authorized virtual currency exchange and depository virtual currency wallet operator in Lithuania operating under the licence no: 306062346, supervised by the Financial Crime Investigation Service and acting under the trademark BITmarkets.