BitMart conducted the destruction of the Platform Token BMX on July 16, with approximately 1.46 million coins destroyed.

Odaily News According to the official announcement, BitMart has burned 1,465,562.497 BMX (approximately 395,701 dollars) on July 16. According to the BitMart white paper’s “Repurchase Mechanism” regulations, 20% of the platform’s transaction fee revenue in the second quarter of 2025 will be used for the monthly repurchase and destruction of BMX. The destruction of BMX will continue until 500 million BMX are destroyed to ensure a permanent reduction in the total supply.

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