Bubblemaps Concludes Token Generation Event with 13,500% Oversubscription

Bubblemaps’ analytics tool successfully completed its Token Generation Event (TGE) for the native token BMT on March 11, hosted on Binance Wallet. The project aimed to sell 40 million BMT tokens (4% of total supply) at a price of $0.02 each to raise 1503.42 BNB.

However, the subscriptions reached approximately 202,990 BNB, exceeding their goal by over 13,500%. This event follows Bubblemaps’ recent $3.2 million funding round, led by INCE Capital, as reported by Cryptorank.io.

The TGE’s hosting on Binance Wallet has raised speculation about a potential listing of BMT on the Binance exchange for spot trading. While confirmation remains uncertain, the token has already launched on major exchanges like MEXC, Kraken, and Bybit.

About Bubblemaps

Bubblemaps is a blockchain analytics tool that visually depicts token and NFT ownership distribution through bubble clusters. It aids in tracking wallet connections, identifying prominent investors (whales), and spotting suspicious activities by mapping out token holdings in an interactive manner. The BMT token functions as a governance and utility token, granting access to enhanced analytical features of the platform.

BMT Tokenomics

In terms of token distribution:
– Ecosystem and Community: 26.3%
– Investors: 24.3%
– Airdrops for Adoption: 22.2%
– Liquidity: 12.2%
– Team Compensation: 9%
– Protocol Development/R&D: 6%

This allocation supports the platform’s growth and user engagement, aiming to foster a robust ecosystem.

Source: Bubblemaps X