BlockX

BlockX

How does the BCX token interact with the Tokenizer system?
This is in relation to the scalability and cost-benefit efficiency of BlockX. BlockX is an ecosystem in itself; It is a layer 1 protocol. The advantage over ethereum is that it is cheaper and the cost of tokens is cheap as well. The gas fee is cheaper as it is paid in BCX. It is also faster than ethereum. BlockX is a collection of different chains, with each being a smart chain on its own. It will eventually host bridges for users to transfer their tokens from one chain to another.

 

Along with the structured questions raised during the AMA, listeners also asked questions. A list of these questions and the response given are detailed below:

How Developed is the mainnet and when will it likely launch?
We are currently on the testnet. We have to test a lot of things like the number of people and transactions the platform can hold. But we are looking to the first quarter of 2022 to launch. There are no hard deadlines here. If we find that there are no bugs and everything is working okay, of course, we can switch to the mainnet.

 

Which partnerships have been established so far for Tokenizer or BlockX?
We already have an established partnership with Mbanq to build a decentralized banking platform in partnership with Mbanq, KYC platforms, funds, and fund managers we are listing with. Furthermore, BlockX has already signed partnerships with Launchpads & Exchanges, including Exmarkets, p2pb2b (and many more coming up). IBC Group is bringing to our network the necessary wealth of knowledge and expertise in marketing, growth hacking, tech, legal & capital raising to ensure a successful Token sale.

 

Are there any delegators or validators yet? What is the procedure involved?
There are only a few just yet and we are working on partnerships that cannot be disclosed just yet. But if you are interested in becoming a validator or a delegator feel free to sign up here.

Do I require physical hardware to be a miner?
You do not need any new hardware to be a miner on BlockX. You only need a server and a certain amount of BCX since it is a DPOS system. Full details on

 

Will I be able to list my personal assets?
The answer is Yes. It will be through Tokenizer, powered by BlockX. But this is dependent on the type of property. Only commercial properties are allowed on Tokenizer.

To watch the full video, be sure to click this link

Discounted Exchange fees: With the BCX token, fees charged by the exchanges operated by Blockx, Tokenizer, and affiliate exchanges can be paid with tokens with up to a 50% discount on transactions.

Block Rewards: Stakers and Delegators on the BlockX network will be able to earn the BCX token as rewards.

On-chain Gas Fees: users of the BlockX network will be able to pay for gas fees using the BCX token.

Staking and Delegating: Token can be used for staking and delegating on-chain and earn 20% APY and above.

 

BCX Token Pre-Sale is LIVE

Total amount of BCX for Pre-Sale: 100,000,000 BCX
Distribution: Tokens will be sent out instantly after purchase
Register and get your BCX on your wallet.
How will we use the funds raised:
50% for Business Development
30% for Product Development & Marketing
20 % for reserve
‍

Token Pre Sale Details
pre-sale starts on 13th of September 2021
pre-sale ends when the IEO starts (planned for November 2021, details will be announced in due time)
base price: 0.15 USD per BlockX Token (BCX)
for early birds: up to 40 % discount depending on the time of purchase
minimum purchase amount during pre-sale: 2,000 USD
Link: https://invest.blockxnet.com/token

Currently, BCX has three primary use cases:
Exchange Fees: 50% of every transaction fee on the protocol will be paid in BCX.
Staking: all BCX used to pay transaction fees is sent to a staking rewards pool. This pool will be proportionally distributed among users who are currently staking BCX — the more you stake, the more you’ll earn.
Gas Fee on Chain: For all transactions on chain, gas fee has to be paid in tokens.
BlockX Network Use Cases — Tokenizer Platform
BlockX is involved in many different projects and services for blockchain uses and applications.

 

Additionally, all $BCX token holders will enjoy a reduced transaction cost on the BlockX network. Token details are as follow:

Token Symbol: BCX

Total Supply: 1,000,000,000 (1 billion)

Network: BSC (Tentatively) till Mainnet Launch of BlockX Chain

Token Contract: 0x8D11B81a3d4bEa2dC1e240241141e327B6922d6b

Token type: Utility token

 

Read more about the $BCX token in our pitchdeck.

Third Round Token Sale Details
The third Community Seed Round for the $BCX token is set to take place on the P2PB2B exchange platform. Community Seed Round details and milestones are explained below:

1st Round — Community Pre-Seed: Updated on November 26, 2021: The Pre-Seed has closed after capping the total amount of tokens available for sale with 600 investors.

2nd Round — Private Sale: Private sale took place on the BlockX platform and commenced on November, 26th 2021. The round has recently closed and saw our investor community grow to more than 1,000 members.

3rd Round — Community Seed Round: Third Seed Round is set to take place on the P2PB2B exchange platform. Interested participants should get ready for launch

3rd Round Community Seed Round End Date: TBA

Total Initial Supply: 1,000,000,000.00 BCX
Token Sale Allocation: 50,000,000 BCX (5% of the total supply)
Total Raise: $2,000,000.00
Community Token Sale: Public Sale Bonus +20% BCX
Mode: First come, first serve (FCFS)
Accepted Payment: BTC, ETH, USDT, BNB
Platform: P2PB2B
Network: Binance Smart Chain

Follow BlockX with the links below:

Website: https://www.blockxnet.com/

Facebook: https://www.facebook.com/blockxnet

Twitter: https://twitter.com/BlockXnet

Telegram: https://t.me/blockxnetwork

Youtube: https://www.youtube.com/channel/UC3nTqoe7ZKPoM02HgAkrR5w

Discord: https://discord.gg/b4GZURPMYw

Reddit: https://www.reddit.com/r/BlockX/

LinkedIn: https://www.linkedin.com/company/blockxnetwork/

Medium: https://medium.com/blockxnet

 

Author

Bitcointalk Username: Aryasatya Radhitya
BitcoinTalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=2688240
Telegram Username: @AryasatyaRadhitya
Wallet Address: 0xF0816e581E18bbD5d162cE232CE1141f477A203e