The BITmarkets token, or BTMT, is an ERC20 token that resides on the Polygon blockchain. It enables the users of BITmarkets Exchange to perform cryptocurrency exchanges with low fees, participate in new token projects and initial exchange offerings on the platform, and access to exclusive VIP features and support. The Token Project dashboard feature will allow small developer teams with small or no backing to raise capital from platform users who support the team’s vision and see their product’s potential. The teams wanting to be listed on the dashboard will need to file an application which will be reviewed by a dedicated BITmarkets team. The internal team will rate the project based on its social impact, industry significance, the team’s trustworthiness, legal status, and various other factors. Once approved, the team will allocate a percentage of BTMT to the Token Project. Participants will have to exchange BTMT for the project’s tokens at the specified exchange rate. Once each project sale is completed, the funds will be unlocked with a linear vesting schedule. Participants will then receive their purchased tokens while the team will receive BTMT. It is important to state that BITmarkets will not be acting as an investment manager or advisor when deploying funds into the projects. The purpose of the project is to promote good causes (based on the voting of the BITmarkets community) and not to make a profit on investment.
-
39802b95eb77f6fe104a36d600f378eb.jpg
237.8 KB
· Views: 4
