BitMEX’s new NFT will give traders the chance to take home a piece of virtual swag!
One of the most exciting things about the cryptocurrency ecosystem is that the possibilities for advancements are practically limitless. Every day several projects dabble with new arenas to grow their ecosystem.
One of the areas that have been the center of attraction for a while now is NFTs. Non-fungible tokens have become increasingly popular because of their ability to integrate with any real-world or digital assets and their unique and entertaining approach. Naturally, more and more projects are attracted toward utilizing this opportunity. BitMEX, a famous crypto trading company, has become one of these projects to launch its own NFT.
BitMEX NFT is a badge of honor for BitMEX traders giving their holders certain boasting rights. Before diving deep into BitMEX’s NFT collection, let’s first take a brief look at the trading platform itself.
BitMEX is a P2P crypto-products trading platform that offers traders several unique features such as up to 100X leverage, no expiration date, expert industry-leading security, and a 100% verified customer base. BitMEX is built using an advanced API generally used by investment banks and hedge funds to mitigate risks and ensure zero downtime.
Moreover, all funds possessed by BitMEX are stored in cold storage leading to loss of 0 Bitcoins to hacks or intrusions.
The Much-Anticipated BitMEX NFT
NFTs are a blend of a unique fusion of art, technology, and advancement, but the biggest flex is the privilege to hold unique NFTs and the benefits that come along with them. BitMEX decided to give its traders an opportunity to flex by holding unique and rarest NFTs as a badge of honor. Both existing and new traders are eligible for the first-ever NFT listed on OpenSea by BitMEX.
Named as Phoenix NFTs, BitMEX NFTs are extremely rare, with only ten items to be ever made in the collection. The Phoenix Series is reserved solely for the present traders registered on the platform. These NFTs will be rewarded to the top 10 BitMEX traders in the last three months by PnL.
However, BitMEX has also created a second NFT collection, ‘The X’ for other traders, designed to commemorate Bitcoin’s 150x growth since the platform’s inception. The X series will have 150 unique artwork pieces, out of which 75 will be distributed to new users and the best performing traders throughout this month. The remaining 75 pieces will be saved for future use.
Here is a quick breakdown for BitMEX NFT ‘The X.’
- !0 Pieces will be given to top users according to volume in September.
- Another 10 to best-performing accounts according to the PnL ranks for the rest of the month.
- Top 10 affiliate referrers will also receive ten pieces.
- Thirty-five of these NFTs will be given to random users who have completed KYC and performed at least one trade in the month of September.
- BitMEX will decide the remaining ten according to its discretion.
BitMEX NFT launch is an excellent opportunity for traders to get their hands on exclusive and rare NFTs.