BeldexBDX
$0.0399
Market/Exchange
BDX Price Prediction and Price Movement
BDX has been up 3.62 percent over the past three months, together with its relatively large market capitalization, it is likely that BDX may continue its upward movement and we may see some decent growth out of it. However traders are still advised to do thorough research before putting money into this coin as fundamentals do serve a pretty big part in a coin's price actions in the long run.
Please note that this analysis is purely base on BDX's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Beldex Price Chart
About Beldex
What Is Beldex (BDX)?
Beldex is a privacy-based ecosystem of privacy-first decentralized applications (dApps). The concept of the project was developed in 2017, the ICO was announced in the spring of 2018, and the exchange was launched at the end of 2019. The Beldex project is committed to enhancing online privacy. BDX is a privacy coin and a utility token.
Beldex's mission is to provide a private environment where data can be exchanged securely. The project is focused on individual safety and true privacy with systematic research to ensure the privacy of individual transactions, thus the safety of users and the security of their funds are a priority.
BDX operates on the Beldex decentralized blockchain for performing secure and anonymous peer-to-peer (P2P) transactions, while the ecosystem supports secure and confidential dApps, among them: BChat, BelNet, Beldex Browser, the Beldex privacy protocol, and the Beldex bridge. Initially, Beldex was developed on a PoW architecture followed by PoS integration in order to increase the scalability of the BDX token, lower fees and reduce transaction times.
Who Are the Founders of Beldex?
Beldex was launched in March 2018. The company is led by Afanddy B. Hushni, an investor and crypto economist with 20 years of experience in traditional finance. Hushni is the founder and chairman of Beldex International.
The co-founder is the CEO of Beldex known as Kim, who has extensive experience in privacy systems and cryptographic protocols. The core team of the project consists of Codeman-Crypto (cc) (the CTO of Beldex), Ziau (the CMO of Beldex), and Sanada Yukimura (the blockchain architect at Beldex).
What Makes Beldex (BDX) Unique?
Beldex solves some of the privacy and anonymity issues in the crypto space through its features. The RingCT protocol is responsible for the confidentiality of transactions, which disguises addresses of senders/recipients and other details of transactions, including the transfer amount. Due to RingCT, ring signatures and the hashing algorithm, CryptoNight, network transactions are almost impossible to trace.
To launch a masternode on the network and validate transactions on the proof-of-stake (PoS) Beldex blockchain, a user will need 10,000 BDX. By fulfilling this condition, a user acquires the right to stake BDX and verify transactions.
The ecosystem supports cross-chain anonymity and interoperability through the Beldex bridge, which is already integrated with BNB Smart Chain.
In order to curb inflation of the BDX token, Beldex applies a coin burn mechanism, which also involves Flash transactions performed on the second layer of the blockchain. Beldex offers its users a set of dApps with a focus on confidentiality, decentralized products include an anonymous private messenger - BChat, a private P2P VPN - BelNet, and a private Beldex Browser.
Related Pages:
Read about Monero (XMR) - the cryptocurrency from which BDX was forked.
Read about Zcash (ZEC) and Dash (DASH).
What are privacy coins? Find out with CMC Alexandria.
What are decentralized applications (dApps)? Learn more with CMC glossary.
How Many Beldex (BDX) Coins Are There in Circulation?
Beldex has a max supply of 9,900,000,000 BDX with a circulating supply of 5,329,258,963.95 BDX at the time of writing. The BDX tokenomics is as follows: Ecosystem Development - 40%; Circulation - 30%; Seed & VC Funds - 10%; Marketing Funds - 10%; Team - 6%; Exchange Liquidity - 2%; Legal Operations - 1%; Early Adopters - 1%.
How Is the Beldex Network Secured?
Beldex is a privacy-based ecosystem that has inbuilt security features. The technology anonymizes transactions, addresses, data transfers, messages and online traces.
Beldex (BDX) was designed as a fork of Monero (XMR) with the integration of the Dash (DASH) privacy protocol - PrivateSend, the Zcash (ZEC) privacy feature - ViewKey, and its own custom privacy technology. In December 2021, the Beldex blockchain moved from a Proof-of-Work (PoW) consensus mechanism to Proof-of-Stake (PoS) to address scalability issues.
Currently, Beldex operates on the basis of the CryptoNight algorithm (developed within the CryptoNote protocol) with masternodes that are a significant contribution to functionality and scalability. Masternodes store copies of the blockchain, confirm transactions, and ensure network security. The fundamental part of masternodes are community members, so as the number grows, the Beldex reliability indicators also increase.
Where Can You Buy Beldex (BDX)?
You can buy BDX on several crypto exchange platforms, some of which are: KuCoin, Gate.io, MEXC, Coinsbit, KoinBX, Hotbit and HitBTC.
Install the CMC mobile app to track prices of BDX in real-time.