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The Blynex BX token is the native token of the Blynex exchange, launched on August 30, 2024, as both a utility and a meme token. The BX token is part of a broader ecosystem aimed at enhancing the crypto trading and financial experience for users. Below are the key details about the BX token and its platform:
Utility Token: BX powers the Blynex exchange's ecosystem, facilitating transactions, staking, and rewards.
Meme Element: The token also incorporates meme culture to engage a broader audience.
Transactions: Designed for fast, low-cost, and secure payments.
Ecosystem Features:
Staking: Earn passive income by staking BX with competitive APRs.
Loan System: Borrow up to 50% of your token value in USDT without selling your BX tokens.
Cashback Rewards: Earn cashback on trades and withdrawals.
Marketplace: Use BX to pay for digital services in a freelancer marketplace.
Escrow Services: Ensures safe transactions on the platform.
What is the technology behind Blynex (BX) ?
The BX token is the native cryptocurrency of the Blynex Exchange, a platform designed for seamless trading and financial services. The exchange operates as the backbone of the BX token ecosystem, offering a range of functionalities from spot trading to advanced futures contracts. Built on the Binance Smart Chain (BSC) with the BEP-20 standard, the BX token leverages blockchain technology to provide low transaction costs, fast processing speeds, and interoperability with decentralized finance (DeFi) applications.
The Blynex Exchange supports futures trading with a robust infrastructure that features a high-speed matching engine capable of handling high-frequency trades with minimal latency. This architecture ensures reliability and efficiency for users engaging in leveraged trading, risk management, and speculative investments. AI-powered analytics enhance the platform by delivering actionable insights, assisting traders in optimizing their strategies.
BX tokens play a central role in the exchange's ecosystem. They are used to pay transaction fees at discounted rates, can be staked as collateral for futures contracts, and offer rewards in the form of cashback and rebates. This integration incentivizes token adoption and contributes to the liquidity and overall utility of BX within the platform. The exchange’s focus on advanced security protocols, such as multi-signature wallets and smart contract automation, underscores its commitment to safeguarding user assets and transactions while promoting a seamless trading experience.
How Many Blynex (BX) Are There in Circulation ?
The Blynex (BX) token currently has a circulating supply of approximately 36 billion tokens, with a total and maximum supply set at 1 trillion tokens.
The BX tokenomics are structured with a total supply of 1 trillion BX tokens, distributed as follows: 10% each for CEX and DEX liquidity (locked for 24 months), 15% for marketing and loans (vested annually), 10% for staking rewards, 15% for a reserve fund, 10% for the team (vesting begins in 2026), and 5% for token burns starting in January 2025. This design promotes liquidity, ecosystem development, and deflationary mechanisms. For detailed tokenomics, visit Blynex BX Token.
What Makes Blynex (BX) Unique?
The BX Spinner game is an exciting feature on the Blynex platform, where users can engage in a spinning wheel game to win BX tokens. It’s designed as a fun and interactive way for users to participate in the Blynex ecosystem while earning rewards. In the BX Spinner game, players can spin the wheel to earn various rewards, including BX tokens, which they can then trade on the Blynex exchange. The game's interface is user-friendly, and it adds a gamified layer to the trading experience, making it appealing to both new and seasoned crypto enthusiasts.
Additionally, BX tokens earned through the game are listed on the Blynex exchange, giving users the flexibility to trade them for other cryptocurrencies or fiat. This integration between the game and the broader Blynex platform aims to keep users engaged and provide additional value in the form of tangible crypto rewards.
Who Are the Founders of Blynex (BX) ?
The Blynex Exchange and its BX Token are led by a team of key figures. The co-founder of the platform is Grigori Zargaryan, who plays a significant role in its development. Alongside him, there are also developers, such as Rafik Virabyan, Davit Martirosyan, and Zaven Manasyan, contributing to the platform's technical growth. Additionally, Anahit Simonyan is part of the marketing team, helping promote the exchange's vision. The advisory board includes Tigran Tagakchyan, a trader, and Mark Mantshyan, an analytics expert.
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The live Blynex price today is $0.000003 USD with a 24-hour trading volume of not available. We update our BX to USD price in real-time. Blynex is down 0.25% in the last 24 hours. The current CoinMarketCap ranking is #10567, with a live market cap of not available. The circulating supply is not available and a max. supply of 1,000,000,000,000 BX coins.