At Bit2Me, we continue to work to offer you new and exciting ways to get the most out of your utility token, B2M. Redeeming B2M opens up a world of possibilities that we explain to you below.
- What is B2M Redemption and How Does It Work?
- What Are the Benefits of B2M Redemption for You?
- How the monthly B2M burn works
- Total Transparency for You
What is B2M redemption and how does it work?
B2M redemption allows you to access different features and advantages within our platform. One of the ways to do this is by redeeming a specific amount of B2M to earn permanent Space Center points to level up faster, or redeem a certain amount of B2M to gain access to exclusive sweepstakes. This mechanic is based on a key industry principle: token burning, which means that the redeemed B2M are sent to an ownerless blockchain address, permanently removing them from the market.
What are the benefits of B2M redemption for you?
Mission: Earn points in Space Center
This mission allows you to redeem B2M to earn permanent Space Center points, helping you level up faster.
Best of all:
- The points do not expire, unlike other points obtained from traditional missions.
- This redemption does not negatively affect the value of the "Buy and hold € in B2M" mission. For example, if you buy €100 in B2M and then redeem €10, you will earn points for both the purchase and the redemption without losing points from the purchase for having redeemed.
Benefits linked to Space Center
Leveling up in Space Center means accessing exclusive benefits, such as:
- Up to 100% discount on buy-sell commissions.
- APY of up to 30% in Earn.
- Cashback of up to 7% on purchases with the Card.
- Guaranteed access to launchpad projects.
How the monthly B2M burn works
Once a month, Bit2Me will group the B2M redeemed by users and send them to a dead blockchain address, removing them from the market.
This is in addition to our first token burn which removed 50M B2M from the market, strengthening the token's value for the entire community.
Total transparency for you
On our B2M website, you will be able to:
- View the total B2M historically redeemed.
- See each send to the ownerless address.
In addition, if you access your Bit2Me account, you can check the B2M that you have personally redeemed.
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