What is Beldex (BDX)? All you need to know

Beldex (BDX) is a blockchain project that combines privacy and security, providing anonymous and secure transaction solutions. With a diverse ecosystem, Beldex includes various products such as B-Chat, BelNet, and the Beldex cryptocurrency wallet.

To better understand BDX tokens and their applications, please follow the content of the article below by AZCoin!

What is Beldex (BDX)?

Beldex is a Web3 platform integrating decentralized applications, focusing on privacy protection by anonymizing transactions, messages, and other related traces. This ecosystem encourages the participation of network validators and builds a sustainable economic model for the entire system. Beldex’s prominent applications include BChat, BelNet, the Beldex Browser, the Beldex Privacy Protocol, and the Beldex Bridge.

Currently, Beldex uses the Proof of Work (PoW) protocol but plans to transition to Proof of Stake (PoS) in the future. Originating from the Monero platform, Beldex has integrated DASH’s PrivateSend security protocol and other important security features like ZEC’s ViewKey, enhancing the system’s security and privacy while allowing customized privacy settings based on individual needs.

Development team, investors & partners

Development team

The Beldex development team consists of experienced professionals in blockchain, security and financial technology, including:

• Afanddy B. Hushni: Chairman of Beldex International Inc., with over 20 years of experience in traditional investment and finance.
• KIM (CEO & Founder): CEO and co-founder of Beldex, with more than 15 years of experience in privacy protection systems.
• Codeman Crypto (CTO): Chief Technology Officer of Beldex, an expert with 13 years of experience in software development and distributed systems.
• SAM (CMO): Chief Marketing Officer, with over 7 years of experience in cryptocurrency marketing, investment, and partner building.
• Sanada Yukimura: Blockchain Architect at Beldex, with 8 years of experience in developing scalable applications and maintaining systems.

Investors & partners

Beldex’s major investors include DWF Labs and Bitgert Ventures. Beldex partners with several exchanges and Masternode platforms, such as Gate.io, Mexc, Kucoin, P2B, and MNO.

The Beldex ecosystem (BDX)

Beldex’s ecosystem includes the following products:

• B-Chat: A decentralized messaging application launched on June 29, 2022. B-Chat uses end-to-end encryption to protect messages and routes them through the shortest path in the network. It does not store data centrally and uses Beldex Secure Masternodes to send messages even when the recipient is offline, enhancing security and availability.
• BelNet: A decentralized VPN service based on the Beldex Routing Protocol (BRP). BelNet optimizes information exchange and traffic management with minimal load on Masternodes. It maintains decentralization and security through a distributed hash table and packet-switched routing model, supporting multiple internet protocols and ensuring higher privacy than traditional VPNs.
• Beldex Browser: An ad-free browser that integrates dVPN services, offering private browsing capabilities. Built on the Beldex platform, it is a decentralized browser that protects privacy during web browsing.
• BNS (BelNet Naming System): A decentralized naming system designed to identify and verify accounts on BChat quickly and easily. It allows private applications to be stored censorship-free on BelNet.
• Beldex Wallet: A cryptocurrency wallet developed by Beldex, supporting storage, management, and transactions of multiple cryptocurrencies. The wallet provides private keys and is available for Windows, macOS, Linux, iOS, and Android, catering to users of different goals and expertise levels.
• Beldex Bridge: A tool that allows users to quickly convert between Beldex Chain and other blockchains such as Binance Chain directly from the Beldex interface.

Key Features of Beldex

Beldex stands out with several key features:

• Private Transactions: It uses the RingCT protocol to hide the sender, receiver addresses, and transaction amounts, enhancing privacy.
• Security: Masternodes verify transactions, protect funds, prevent double spending, and allow the community to stake BDX.
• Untraceable: Thanks to the combination of RingCT, stealth addresses, and cryptographic algorithms, most transactions on Beldex are difficult to trace.

Overall, Beldex provides a safe and anonymous trading environment, attracting attention and trust from the community, including Biconomy.

Key information about the BDX oken

BDX token specifications

• Token name: Beldex
• Token symbol: BDX
• Network: Binance Smart Chain – BEP20
• Contract: 0x90bbdDbF3223363898065b9C736e2B86C655762b
• Total supply: 9,903,120,858
• Circulating supply: 2.97 billion BDX
• ATH (All-time high): $0.1716
• ATL (All-time low): $0.0146

BDX token allocation

Since December 10, 2021, the BDX token allocation has been as follows:

• 40% for ecosystem development
• 30% allocated to circulating supply at launch
• 10% for the Seed round, VC investors, and marketing
• 6% allocated to the development team
• 2% for liquidity on exchanges
• 1% for early platform participants

What is BDX token used for?

The Beldex Coin (BDX) has multiple use cases within the Beldex ecosystem, including:

• Trading: Users can exchange BDX for other cryptocurrencies like USDC or fiat currencies.
• Fee Payments: BDX is used to pay transaction fees on the platform with fee discounts.
• Staking: Users can stake BDX to receive rewards, with rewards increasing based on the staked amount.
• Masternodes: BDX is used to set up masternodes, which verify transactions and earn rewards.
• Private Transactions: BDX supports anonymous transactions, ensuring user privacy.

Where to buy and sell BDX tokens?

You can buy and sell BDX tokens on the best crypto exchanges such as KuCoin, Gate.io, and MEXC. These platforms offer various trading pairs to exchange BDX with popular cryptocurrencies like BTC, ETH or USDT.

Where to store BDX tokens?

BDX tokens can be securely stored in the official Beldex Wallet, which supports multiple operating systems, including Windows, macOS, Linux, iOS, and Android. You can also store BDX on hardware wallets like Ledger for enhanced security.

Should you invest in Beldex (BDX)?

Investing in Beldex (BDX) depends on your goals and risk tolerance. Beldex focuses on privacy and security with products such as B-Chat, BelNet, and the Beldex wallet, indicating growth potential within the Web3 ecosystem. However, as a relatively new blockchain project, BDX’s value can be volatile. Investors should carefully consider market research and only invest what they are willing to risk.

Conclusion

Beldex (BDX) offers not only superior security features but also presents promising investment opportunities in the world of cryptocurrencies. For further information and in-depth analysis, follow AZCoin—your trusted source for top-tier knowledge and security in crypto space.