Launched in 2019, Beldex coin (BDX) is the native token of the Beldex blockchain, a privacy-focused chain that promotes data protection
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Beldex coin (BDX) is the native token of the Beldex blockchain, a privacy-focused chain that promotes data protection for individuals and their online interactions. It also supports secure and anonymous financial transactions using RingCT protocol, making it almost impossible to trace such transactions. Furthermore, it is interoperable with other blockchains through the Beldex bridge.
The Beldex ecosystem consists of three major platforms. First, the Bchat platform is a decentralised messaging platform that enables users to exchange messages and also send payments securely and anonymously. The second is BeINet, which is essentially a VPN that enables users to access internet content securely, including geo-restricted content.
The third is Beldex Name System (BNS), which is a decentralised Domain Name System (DNS) that operates domains in a human-readable format and is hosted on the Beldex blockchain. Users have to pay for the registration, transfer, and renewal of ther BNS subscription using BDX coin.
Also, users have access to the Beldex Browser, which safeguards their online browsing activities.
Beldex Coin price has performed relatively well in the last year. It has risen by 69% in that period, underlining a bullish-leaning sentiment around it. In addition, it has outperformed Ethereum, whose gains in that period stood at 29% at the time of writing.
Also, Beldex coin has an in-built burn mechanism that destroys the fees used to purchase BNS names. That reduces the number of coins in circulation, making BDX coin deflationary. Therefore, as more users join the Beldex ecosystem, the circulating supply will reduce progressively ensuring that Beldex coin becomes more valuable.
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