On July 16th, BitMart destroyed its platform currency BMX, with approximately 1.46 million coins destroyed this time

Odaily Planet Daily News: According to official announcements, BitMart has destroyed 1465562.497 BMX (approximately $395701) on July 16th. According to the BitMart white paper "Repurchase Mechanism", 20% of BitMart's platform fee revenue in the second quarter of 2025 will be used for BMX's monthly repurchase and destruction. The destruction of BMX will continue until 500 million BMX are destroyed to ensure a permanent reduction in the total quantity.