Beldex(BDX) coin issuance price, total amount and white paper introduction

Beldex (BDX) initially sold for $0.012 per coin, with a total supply of 1.4 billion BDX, of which 550 million are currently in circulation, while the remaining 850 million will be gradually released for block rewards and community initiatives.

Jan 05, 2025 at 08:37 pm

Key Points

• Beldex (BDX) coin issuance price and total amount
• Beldex (BDX) white paper introduction
• Step-by-step comprehensive explanations
• Frequently Asked Questions (FAQs)

1. Beldex (BDX) Coin Issuance Price and Total Amount

• The pre-sale of BDX coins began on December 15, 2017, and over $1.3 million was raised during the sale.
• The coin issuance price was $0.012 per BDX coin.
• The total supply of BDX is capped at 1.4 billion, with approximately 550 million BDX in circulation as of April 2023.
• The remaining 850 million BDX will be released gradually over time through block rewards and community development initiatives.

2. Understanding Beldex (BDX) White Paper

• The Beldex white paper provides a comprehensive overview of the project's mission, technology, and future roadmap.
• It defines Beldex as a privacy-centric blockchain platform that aims to empower users with control of their data and transactions.
• The white paper details the Beldex CryptoNote protocol, which enables confidential transactions, untraceable addresses, and enhanced security for users.

• It outlines the various use cases of Beldex, including:

  • Private payments and remittances
  • Secure data storage and transfer
  • Decentralized marketplaces and dApps
• The white paper discusses the Beldex team, their expertise, and their commitment to building a robust and user-friendly platform.

3. Total Coins in Circulation and Remaining Coins

• The total number of BDX coins in circulation as of April 2023 is approximately 550 million BDX, accounting for about 39% of the total supply.
• The remaining 850 million BDX coins are held in reserve and will be released gradually over time to support the long-term growth and sustainability of the Beldex ecosystem.

4. Mechanisms for Releasing and Distributing Remaining Coins

• Block Rewards: A portion of the remaining coins will be released as block rewards to miners who participate in securing the Beldex network.
• Community Development Initiatives: Beldex plans to allocate a significant portion of the remaining coins to community development initiatives, such as research and development, ecosystem growth, and adoption programs.
• Staking Rewards: Beldex may implement a staking mechanism in the future where coin holders can earn rewards for participating in network governance and supporting its security.

5. Implications and Impact of Coin Supply Distribution

• Gradually releasing the remaining coins helps control inflation, ensures price stability, and bolsters the long-term value of BDX.
• Allocating coins to community development fosters innovation, user adoption, and the expansion of the Beldex ecosystem.
• The various distribution mechanisms promote decentralized ownership of BDX, aligning incentives between the team, miners, and the wider community.

FAQs

Q: What is the difference between the pre-sale price and the current market price of BDX?
A: The pre-sale price of BDX was $0.012 per coin, while the current market price as of April 2023 is approximately $0.04. This represents a price increase of over 200%.

Q: When will all the remaining BDX coins be released?
A: The exact timeline for releasing the remaining coins has not been publicly announced. The distribution will occur gradually over an extended period to ensure network stability and long-term growth.

Q: Can I participate in staking BDX coins to earn rewards?
A: Staking is not currently available on the Beldex network. However, the white paper mentions that staking may be implemented as part of future developments, subject to community consensus and testing.