Beldex is a privacy-oriented utility token, a fork of Monero, which is an integral part of a whole ecosystem combining a hybrid decentralized exchange, a secure wallet and a credit card under its hood. The project targets small and medium-sized investors aiming to provide them with a secure online banking solution and a set of tools for private payments.
This project is the pioneer in the hybridization of centralized and decentralized approaches applied to the area of cryptocurrency exchanges. Beldex offers traders a convenient platform for buying and selling a wide range of cryptocurrencies with the help of most popular payment methods including even fiat.
In order to ensure users’ privacy, Beldex implements such technologies as RingXT and CryptoNight hash algorithm. It claims that it has no access to its users’ funds and charges the fees much lower than the market average. Among its other benefits are fast transactions and fast order matching.
The Beldex exchange comes with the following key features:
A huge selection of currencies and trading pairs via connecting to large exchanges.
A high level of liquidity for all crypto assets.
Low transaction fees with additional discounts for BDX holders.
Instant lending against crypto assets with minimal fees.
Proof-of-stake rewards for holding and staking coins on the exchange.
In addition, Beldex implements Artificial Intelligence (AI) technologies for collecting data and creating prediction algorithms that will specifically benefit traders.
Beldex coin (BDX)
The whole ecosystem ensures a high level of demand for the BDX tokens relying on its wide network of partners and commercial entities that will accept BDX as a means of payment.
The BDX tokens provide their users with the following benefits:
Discounts on maker-taker fees on the exchange.
The possibility to participate in the voting process and influence the way the project will evolve.
Purchase of goods and services from Beldex partners.
Increase the speed of transactions’ processing.
Other blockchain projects get priority listing on the Beldex exchange.
Beldex presale was conducted in the 1st half of June 2018 with ETH accepted as the only means of payment. The public sale (IEO) started on the 1st of May 2018 and lasted until the 15th of August. There is no information available about the sum that has been raised.
During the IEO, 187,500 tokens were distributed making up 60% of the total supply. 10% of tokens were allocated for bounties and airdrops, 20% more were spread among the team members and advisors and the remaining 10% were left in the reserve.
With the headquarters located in blockchain-friendly Estonia, the company itself resides in Malaysia and targets primarily the countries of the APAC region. The exchange claims to be compliant with the Shariah law.
There is almost no information on the web about the project’s board of high management. It is only known that Rehana Binti Zakaria is the President of the company and Kim Hallend is its CEO. But it’s difficult to say anything about the level of their experience as none of them has any public profile on Linkedin or anywhere else.Read More