Cryptocurrencies

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Beldex(BDX) coin issuance price and quantity introduction

Beldex's deflationary tokenomics and staking rewards system aim to increase the coin's value over time while providing passive income to holders.

Jan 01, 2025 at 10:45 am

Key Points

Beldex Coin Issuance Price and Quantity
Beldex (BDX) Mining Reward
Staking Rewards and Masternodes
Beldex Circulating Supply and Tokenomics
Beldex Use Cases and Future Prospects

Beldex Coin Issuance Price and Quantity

Beldex was initially launched in 2018 with a total supply of 1,400,000,000 BDX.
The coin issuance price was approximately $0.0004 per BDX.

Beldex (BDX) Mining Reward

Beldex uses a Proof-of-Work (PoW) mining algorithm called CryptoNightV7.
Miners are rewarded with BDX for verifying and adding blocks to the blockchain.
The block reward currently stands at 12.5 BDX per block mined.

Staking Rewards and Masternodes

Beldex also offers staking rewards to holders who keep their coins in their wallets or staking pools.
Staking rewards are distributed based on the number of coins staked and the staking pool's performance.
Additionally, Beldex supports masternodes, which provide additional network security and stability. Masternode operators earn rewards for hosting and maintaining these nodes.

Beldex Circulating Supply and Tokenomics

The current circulating supply of Beldex is approximately 937,000,000 BDX.
Beldex employs a deflationary tokenomics model, where a portion of each transaction fee is burned, reducing the overall supply.
The burning mechanism helps to increase the value of BDX over time.

Beldex Use Cases and Future Prospects

Beldex is primarily used as a medium of exchange within its own ecosystem.
The coin can be used to purchase goods and services, as well as to participate in Beldex's decentralized applications (dApps).
Beldex is also exploring use cases in decentralized finance (DeFi), including lending, borrowing, and yield farming.

Staking Beldex

To stake Beldex, you can follow these steps:
- Download the Beldex wallet and create an account.
- Transfer your BDX coins to your wallet address.
- Choose a staking pool from the list of available pools.
- Delegate your coins to the staking pool.
- Rewards will be automatically distributed to your wallet address.

Masternodes

To become a Beldex masternode operator, you will need to:
- Have a stake of at least 10,000 BDX.
- Set up a masternode server that meets the technical requirements.
- Pay a one-time registration fee.
- Rewards for operating a masternode are paid out in BDX.

FAQs

Q: What is the current value of BDX?
A: The current value of BDX varies based on market conditions and can be checked on cryptocurrency exchanges.

Q: How can I buy BDX?
A: BDX can be purchased on several cryptocurrency exchanges, such as KuCoin, Gate.io, and Bittrex.

Q: What are the benefits of staking BDX?
A: Staking BDX allows you to earn passive income through rewards without having to actively trade coins.

Q: Are there any risks involved in staking BDX?
A: Staking BDX comes with some risks, including loss of funds if the staking pool experiences technical issues or if the value of BDX fluctuates.

Q: How can I check my staking rewards?
A: You can check your staking rewards by viewing the transaction history in your Beldex wallet.

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