BMToken, also known as BeepMagnet Token (BMT), is a vital utility token of Beepmagnet Group that sustains BMCT coin. BMToken symbolizes a genuine virtual token on the blockchain (such as the Binance Smart Chain, Ethereum) that aims to be embraced via a decentralized method depending on the spending power that a customer spends across merchants.

As per its whitepaper, Beepmagnet International Group is a blockchain-powered organization aiming to accomplish one global consumer token that can be utilized as an exchange value. The token adopts new communities and the blockchain protocol with advanced technology. BMToken aims to become a good exchange value between consumers and merchants to award the faithful token holders by employing staking on the network.

According to its website, users obtain awards with BMCT (Blockchain Merchant Consumer Token), which can be swapped for other products or services proposed by merchants. The token is made to sustain BMCT coin SWAP for decentralization and speed on a 1:1 ratio, implying BMCT coin holders can exchange the BMCT coins to BMToken.

The vision of BMCT lies in the swap of value available in the form of services and goods. The concept makes way for a hybrid primary node distribution standard to define the circulating token available in the BMCT blockchain. BMCToken aims to serve as a global loyalty service that is decentralized and people's choice for mass adoption.

Further, the BMToken offers users with:

Dr. Babalola Omoniyi and AMB Dr. Hillary Emoh founded BMT in March 2020. The total supply for BMT is 30M.

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