Summary: Bubblemaps (BMT) wrapped up its Token Generation Event (TGE) with a staggering 13,500% oversubscription. Originally intending to offer 40 million BMT tokens for 1,503.42 BNB, the event saw around 202,990 BNB worth of subscriptions. Held on Binance Wallet, the TGE fueled speculation of a potential Binance listing, though no official word has been released. BMT is already listed on leading exchanges like MEXC, Kraken, and Bybit.
Bubblemaps, a blockchain analytics platform, has finished its Token Generation Event for its own token, BMT, with overwhelming subscription orders. The project had reserved 40 million BMT at $0.02 per token to be sold in order to raise 1,503.42 BNB but received some 202,990 BNB worth of subscriptions—13,500% more than expected. The event follows the recent $3.2 million funding round by Bubblemaps led by INCE Capital, Cryptorank.io reports.
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Since TGE was executed on Binance Wallet, there has grown rumor of an impending Binance listing. Even though not made formally public, BMT already finds exchange trading on platforms like MEXC, Kraken, and Bybit.
Bubblemaps provides blockchain analysis as bubble clusters for token and NFT holdings so that users can detect wallet relationships, hidden whales, and suspicious activity. BMT is the native token of Bubblemaps and is both a utility and governance token, with it enabling features on the platform.
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For the tokenomics of BMT, 26.3% is allocated to ecosystem and community, 24.3% to investors, and 22.2% for adoption and early rewards airdrops. Liquidity reserves 12.2%, team receives 9%, and 6% is assigned to protocol development and R&D.
