Bitohuei Exchange will issue its own token.
The Bitohuei cryptocurrency derivatives exchange has announced the release of its own BHUI token.
Existing and future traders on the platform can earn an asset in the form of a discount on trading commissions. BHUI will also award tokens to new users for registration with the passage of certain procedures.
Another way to get tokens is a referral program.
The exchange will charge BHUI to users from February 2024, will conduct the first airdrop, distributing coins to their accounts.
The owners of the asset will receive a number of advantages, including:
higher profitability of deposits on Bitohuei ;
early access to new products on preferential terms;
free access to Bitohuei Academy training courses.
The total issue of BHUI will be 500 million coins. It is assumed that most of the tokens will be spent on rewarding users and developing the ecosystem. To do this, the exchange will reserve 45% of the issue.
The opportunity to trade and withdraw BHUI will appear approximately at the beginning of the second quarter of 2024, when the Bitohuei spot platform will be launched.
On a quarterly basis, the exchange intends to redeem and burn part of the tokens.