September 5, 2023
Press release
BTMT, the native utility token of the BITmarkets crypto exchange, is an ERC-20 token that has been integrated into the Polygon network. BTMT has gone through a private sale that ended in June 2023. Its public sale is expected to be launched in the third quarter of 2023.
Registered users of BITmarkets who have purchased BTMT during one of its sales periods will benefit from attractive price quotes. In the second half of 2024, BITmarkets will introduce a feature called “BTMT Earn”, where BTMT holders will be able to lock their tokens for interest.
The exchange also plans to support ESG-related activities in the future and the platform will provide an opportunity for BTMT holders to express their preference regarding the recipients of this support.
BITmarkets selected the Polygon blockchain to deploy the BTMT token, as Polygon is an efficient and scalable solution for applications and projects.
Polygon’s native token MATIC grew by 45% on an all-time basis since its market debut in May of 2019. MATIC has a maximum supply of 10 billion tokens, which currently corresponds to an approximate valuation of $5.6 billion. The share of MATIC tokens currently in circulation is 93%, equating the cryptocurrency’s market capitalization to $5.2 billion.
Polygon adopts a PoS (Proof-of-Stake) consensus mechanism which allows it to scale up to 65,000 transactions per second with a block confirmation speed of under two seconds, while boasting a $0.015 average transaction fee. These parameters present Polygon as one of the most rapid and versatile networks with top-tier levels of security.
BITmarkets is a cryptocurrency exchange which offers 24/7 support in more than 15 languages. Traders can engage in spot trading in 150+ cryptocurrencies as well as unique futures options. For more information, explore BITmarkets.com.
Contacts:
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.
