Blockchain analytics tool Bubblemaps has concluded its Token Generation Event for its native token BMT with 13,500% oversubscription.
On March 11, Bubblemaps (BMT) concluded its TGE for its BMT token, which was hosted on Binance Wallet. The project intended to sell 40 million BMT tokens (4% of the total supply) at a price of $0.02 each, hoping to raise 1503.42 BNB. However, they received subscriptions totaling approximately 202,990 BNB, which is over 13,500% more than their initial goal. The TGE event followed Bubblemaps’ recent $3.2 million funding round, led by INCE Capital, according to Cryptorank.io.
The fact that the TGE was hosted with the help of Binance Wallet sparked speculations that BMT might be listed on Binance exchange for spot trading soon. Whether Bubblemaps will be listed on Binance spot is unclear, but it has already been debuted on several major exchanges, including MEXC, Kraken, and Bybit.
Bubblemaps is a blockchain analytics tool that visually represents token and NFT ownership distribution using bubble clusters. It helps detect wallet connections, hidden whales, and suspicious activity by mapping out token holdings in an intuitive and interactive way. BMT, the native token of Bubblemaps, serves as its governance and utility token, unlocking advanced analytical features within the platform.
As far as BMT tokenomics is concerned, the largest share of BMT, 26.3%, is allocated to the ecosystem and community. Investors hold 24.3% of the supply. 22.2%, is designated for airdrops to encourage adoption and reward early participants. Liquidity is allocated 12.2% to maintain smooth market operations, while the team receives 9% as compensation for their contributions. Lastly, 6% is reserved for protocol development and research and development.
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