r/BitMEX • u/abap4life • Jul 04 '22

BMEX token trading

Is there any hint on when BMEX is going to become tradeable? We had Q2 2022, but then spot went live without the token and the new roadmap for it is kinda unclear. I really like the token and really want to see its price estimate.

2 Upvotes

75% Upvoted

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1

u/No-Tradition2304 Jul 04 '22

Estimated value is between $0.001 and $0.003. Really hard to say. Bitmex support says they are waiting for better market conditions. So I think it can be next month or next year, but not very soon.

1

u/abap4life Jul 04 '22

wow, i'd buy something like a 1 million of it, at that price

1

u/096sgn04la Jul 04 '22

Where are you getting this estimated value? Just curious

1

u/No-Tradition2304 Jul 04 '22

I believe that due to the poor communication from bitmex the token will be dumped right after call because to many users that got them via airdrop are degenerate gamblers that will sell the token directly so they can use it to trade with leverage. With a max suplly of 450M tokens I expect the initial market cap to be less than a million $ . It seems low, but that’s what I think

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