Difference between revisions of "BitMEX (BMEX)"
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A [[Centralized Exchanges (CEX)|CEX]] | |||
== Basics == | == Basics == | ||
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*[[Testnet]] release: | *[[Testnet]] release: | ||
*[[Mainnet]] release: | *[[Mainnet]] release: | ||
==History== | ==History== | ||
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===Other Details=== | ===Other Details=== | ||
== Oracle Method== | == Oracle Method== | ||
==Compliance== | ==Compliance== | ||
* BitMEX has [https://blog.bitmex.com/announcing-the-bitmex-user-verification-programme/ announced] a User | * BitMEX has [https://blog.bitmex.com/announcing-the-bitmex-user-verification-programme/ announced] a User Verification (read [[KYC]]) program (25-8-2020). | ||
==Their Other Projects== | ==Their Other Projects== | ||
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* Invested in [[Blockfolio]]. | * Invested in [[Blockfolio]]. | ||
* Gave a [https://www.coindesk.com/amiti-uttarwar-most-influential-2020 grant] (8-12-2020) to [[Amiti Uttarwar]]. | * Gave a [https://www.coindesk.com/amiti-uttarwar-most-influential-2020 grant] (8-12-2020) to [[Amiti Uttarwar]]. | ||
*Had a [[Three Arrows Capital (3AC)|3AC]] position which it [https://decrypt.co/104313/three-arrows-capital-files-for-bankruptcy-report liquidated] after the [[Terra Classic (LUNC)|UST]] fallout in May 2022. | |||
===Partners=== | ===Partners=== | ||
Revision as of 09:03, 4 July 2022
A CEX
Basics
History
Audits & Exploits
- Bug bounty program can be found [insert here].
Bugs/Exploits
- Had a day of chaos on 1-11-2019: "Customers Doxxed, Twitter Account Hacked, Reports of Slow Withdrawal Times"
Governance
Admin Keys
DAO
Treasury
Token
Launch
Token Allocation
- From Bitcoin.com (22-12-2021):
"There are a few ways to get the BMEX token and one way is to register as a new user and complete the KYC process. People who do this will get five BMEX and ten tether (USDT) tokens. Bitmex says that the company will airdrop coins to existing and new users by February 1, 2022. Users can also earn BMEX by trading on the exchange or referring at least three friends to register."
Utility
- According to the announcement (22-12-2021), traders can save up to 25% trading by leveraging BMEX tokens.
Other Details
Stablecoin
Coin Distribution
Technology
- Whitepaper or docs can be found [insert here].
- Code can be viewed [insert here].
Implementations
- Built on:
How it works
Fees
Upgrades
Mining
Staking
Validator Stats
Liquidity Mining
Scaling
Interoperability
Other Details
Oracle Method
Compliance
Their Other Projects
Roadmap
- Can be found [Insert link here].
Usage
Projects that use or built on it
Competition
- UMA Protocol announced on Twitter it would build a DEX version (1-10-2019):
“BitDEX: Building a Decentralized BitMEX with Priceless Financial Contracts”
"The U.S. CFTC filed money-laundering and related charges against exchange BitMEX. The regulatory enforcement agency said that BitMEX was illegally operating in the U.S. Separately, the U.S. Attorney in New York filed related criminal charges against the owners, Arthur Hayes, Ben Delo, and Samuel Reed."
Pros and Cons
Pros
Cons
Team, Funding and Partners
Team
- Sam Reed; CTO
- Arthur Hayes, Ben Delo are co-founders
- The CEO stepped down after DoJ accusations (8-10-2020).
Funding
- Awarded a $60,000 non-exclusive grant to Micheal Ford to continue working on Bitcoin Core.
- Bitcoin Core often construed as an elite inner circle holding the Bitcoin network hostage. BitMEX Research disagrees, looking at three different ways competition exists within Bitcoin: between chains, between independent implementations, and other competing software projects; BitMEX finds that regardless of an offshoots goals, it requires network consensus. In the same manner, Bitcoin Core requires network consensus and its actual power is vastly overestimated; the ability to alter or maintain code does not mean it will be adopted by the greater network. (However it is good to keep in mind that BitMEX has given grants to Bitcoin Core devs before to continue their work. It could be that they are genuine about this research, or that they have a bias.)
- Invested in Blockfolio.
- Gave a grant (8-12-2020) to Amiti Uttarwar.
- Had a 3AC position which it liquidated after the UST fallout in May 2022.
Partners
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