The promo ended on 23 May at 23:59 UTC.
All verified users can earn BMEX by trading perpetual and future contracts on BitMEX.com.
The amount of BMEX Token earned is determined by the following formula:
[ADV-based BMEX Payout Percentage ] * [BMEX Eligible Fees]
where the BMEX Eligible Fees are 80% of the Taker Fee + 20% of Maker Rewards (in absolute terms) and;
the ADV-based BMEX Payout Percentage is calculated along the progressive scale shown in the graphic.
Period: 30 days
Trading Volumes: $25,000 Taker Volume and $17,000 Maker Volume
Fees as per Fee Table: 0.05% Taker Fee and 0.01% Maker Rebate
Calculate your Average Daily Volume (ADV) in a period:
Divide your Total Trading Volume (Maker Vol + Taker Vol.) by the number of days in the same period (e.g. 30 days):
= ($25,000 TVol + $17,000 MVol) / 30 days = $ 1,400 ADV
Calculate the BMEX payout percentage according to the ADV and the progressive payout table:
[100% * (999-10)/1400] + [50% * (401/1400)] = 70.6% + 14.3% = 85%
Calculate the BMEX Eligible Fees paid as 80% of Total Taker Fees + 20% of Total Maker Fees (absolute terms, i.e positive) in the period:
= [25,000 TVol * 0.05% * 80%] + [17,000 MVol * 0.01% *20%] = 10.3
Apply the payout percentage to the Eligible Fee and convert one to one for BMEX:
For the Progressive Payout of 85% over 10.3 USD Eligible Fees you receive 8.8 BMEX in the airdrop.
= 10.3 * 85% = 8.8 BMEX
Promotional period from 30 Dec 10:00 UTC till 23 May 23:59 UTC.
Airdrops will be credited into your BitMEX.com wallets on 1 February 2022 04:00 UTC and fortnightly thereafter.
Users with linked accounts will have their BMEX earnings consolidated and airdropped into their main account only.
The maximum BMEX that can be earned by each user is 50,000 BMEX per month.
The minimum ADV to earn BMEX is $10 in a fixed period since the last airdrops.
The amount of BMEX earned will be rounded to one decimal place (e.g.: 0.1)
We reserve the right to modify the offer structure, benefits and other features and to discontinue or terminate the offer at any time. We also reserve the right to exclude any user from the offer.