B2M redemption: frequently asked questions

Modified on Mon, 6 Jul at 3:37 PM

At Bit2Me, we continue to work on offering you new and exciting ways to get the most out of your utility token, B2M. B2M redemption opens up a world of possibilities, which we explain below.



What is B2M redemption and how does it work?

B2M redemption allows you to access different features and advantages within our platform. One way to do this is by redeeming a specific amount of B2M to earn permanent Space Center points and thus level up, or to redeem a certain amount of B2M to access exclusive giveaways. This mechanism is based on a key industry principle: token burning, which means that redeemed B2M tokens are sent to an ownerless blockchain address, permanently removing them from the market.


What benefits does B2M redemption offer you?

Mission: Earn Space Center points
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 through traditional missions.
  • This redemption does not negatively affect the value of the "Buy and hold € in B2M" mission. For example, if you buy €100 worth of B2M and then redeem €10, you will earn points for both the purchase and the redemption without losing points from the purchase mission due to the redemption.


Benefits linked to Space Center

Leveling up in Space Center means accessing exclusive benefits, such as:

  • Up to 100% discount on buy/sell fees.
  • APY of up to 30% on Earn.
  • Cashback of up to 7% on purchases with the Card.
  • Guaranteed access to launchpad projects.


How monthly B2M burning works

Once a month, Bit2Me will group the B2M tokens 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.


Full transparency for you

On our B2M website, you can:

  • Check the total B2M redeemed historically.
  • View each send to the ownerless address.

Additionally, if you access your Bit2Me account, you can verify the B2M tokens you have personally redeemed.



Does B2M token redemption affect the B2M buy and hold mission?

No, B2M token redemption does not subtract progress from your "buy and hold B2M" mission.

These missions operate independently. By redeeming your B2M, you will earn permanent points in the redemption mission, and your progress will be locked forever. This action will not affect the progress you have made in the buy and hold mission in any way.



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