BMX
BMX
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
Whale Pulse
Large transaction flow (>$10k)
No whale transactions >$10k detected recently for BMX.
AI Analysis
Comprehensive evaluation of the token
The BitMart Token (BMX) functions as a standard exchange utility asset, offering tangible benefits like fee discounts and launchpad access to its user base. The project is supported by a doxxed, experienced team that demonstrated resilience by reimbursing users following the catastrophic 2021 security breach. Tokenomics are functional, featuring a clear deflationary buy-back and burn mechanism that has reduced the supply by roughly 12%. However, the investment case is heavily compromised by significant risks. The project suffers from a low Security score (3/10) due to the $196M hack and the absence of a specific public token audit. Furthermore, while social media metrics are high, actual community sentiment is often adversarial, driven by customer support frustrations. Unlike market leaders (BNB, GT), BMX lacks its own blockchain ecosystem, limiting its value proposition strictly to the centralized exchange's performance. With highly centralized token holdings and fully unlocked team allocations, BMX represents a high-risk asset suitable mainly for active users of the platform rather than broad investment exposure.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About BMX (BMX)
BitMart (BMX)
Overview
BitMart (BMX) is the native utility token of the BitMart cryptocurrency exchange platform. Designed as an ERC-20 token on the Ethereum network, BMX powers fee discounts, staking rewards, governance participation, and access to exclusive ecosystem services.
Key Features
- Fee Discounts: Reduce trading fees by settling transactions with BMX.
- Staking & Rewards: Stake BMX to earn periodic platform incentives.
- Governance: Propose and vote on protocol upgrades and ecosystem initiatives.
- Exclusive Access: Unlock VIP events, token sales, and special promotions.
Use Cases
- Trading Fee Reduction
Pay for trading fees with BMX tokens to benefit from tiered discount rates. - Staking Programs
Lock BMX in staking pools for rewards and loyalty bonuses. - Governance Participation
Submit proposals and vote on BitMart ecosystem changes. - Platform Services
Access exclusive token listings, NFT drops, and community events.
Token Details
| Property | Details | |----------------|--------------------| | Token Name | BitMart | | Symbol | BMX | | Standard | ERC-20 | | Network | Ethereum | | Primary Use | Utility & Governance |
