🚀Full Name: BeepMagnet Token (BMT)
- Blockchain: Primarily operates on Ethereum as an ERC-20 token, with mentions of Binance Smart Chain compatibility.
- Purpose: A utility token for the Beepmagnet International Group, designed as a global loyalty reward token for their e-commerce ecosystem, the Global Empowerment Initiative (GEI).
- Founded: March 2020 by Dr. Babalola Omoniyi and AMB Dr. Hillary Emoh.
- Total Supply: 30 million BMT tokens.
- Use Case:
- Acts as a consumer loyalty reward token, earned by spending across Beepmagnet Group merchants.
- Can be swapped for goods or services within the ecosystem or used for staking to reward holders.
- Supports 11 use cases, including spending at Beepmagnet Laundry Mart and other subsidiaries.
- Vision: To revolutionize consumer loyalty rewards globally by enabling merchants to reward customers with a digital value exchange on the blockchain.