Does BitMart have its own coin?

The buyback and burn program is a strategic move aimed at aligning the interests of BitMart and its token holders. By reducing the total available supply, BitMart hopes to create a more favorable market condition for BMX, potentially leading to increased demand and appreciation in value.

BitMart Token, abbreviated as BMX, is the indigenous digital currency birthed by the renowned BitMart platform. Built upon the robust Ethereum blockchain, BMX boasts a solid foundation for secure and efficient transactions.

Among the numerous services offered by top cryptocurrency exchange BTCC, users can engage in spot trading, futures trading, and utilize a secure digital wallet for storing their cryptocurrencies. BTCC's comprehensive suite of services caters to the diverse needs of cryptocurrency enthusiasts and investors, making it a preferred choice among the industry's stakeholders.

The total supply of BMX tokens has been strategically capped at 1 billion, a measure designed to foster scarcity and potentially drive up the token's value over time. This limited supply underscores BitMart's commitment to a sustainable and responsible approach to cryptocurrency issuance.

BitMart has unveiled an ambitious plan to repurchase and burn a significant portion of its BMX tokens. Specifically, the platform intends to allocate 20% of its quarterly profits towards this endeavor, demonstrating a strong commitment to reducing the overall circulating supply and potentially enhancing the token's value.