BlockXnet Reviewed by Alamin Ahsan
BlockXnet Reviewed by Alamin Ahsan
Hello and welcome back everyone, I am Alamin. I hope you guys are well. I am back and Today I am going to introduce a new project called BlockX. This is an ethereum layer 1 solution for ethereum paining fees. This also works for Defi with a multi-blockchain network. This is also going to be our digital identity backbone. Today I will explain all of the features of project I hope you guys will love to check out this project.
What is BlockX?
BlockX is an Ethereum alternative Layer 1 blockchain in particular constructed for the new generation of the web3 dapps in Metaverse, DeFi and NFTs. BlockX is constructed on delegated proof of stake (DPOS) consensus and enables immediately transactions for transfers and programs.
It employs technologists, scientists, designers, and businesspeople who’re all committed to making the worldwide economy more inclusive. Our undertaking is to growth the financial potential of the globe with the aid of creating wealth extra flowing and people extra empowered.
KEY FEATURES of BlockX:
Multichain Support.
On-chain Digital Identity.
Offchain Data.
Multichain Support:
BlockX permits issuance and settlement of tokens throughout various a couple of chains consisting of Cosmos SDK based totally chains, BTC, Ethereum, Polygon, Cardano, Avalanche , Solana, and so on. As an example, a project built on daaps wants to be supported in multichain so that they can work with multiple currencies. In this case, blockx will help them with their settlement.
On-chain Digital Identity:
Both centralized identity and SSI (Self-sovereign identification) are supported by BlockX native, allowing real-world multinational applications like as financial institutions and asset managers to migrate to blockchain. That is to say, BlockX is a portable identification system that can be used in a variety of dapps throughout the ecosystem.
Offchain Data:
To be complete, most dapps require some offchain data or API requests. BlockX combines excellent API administration with native support for select dapps and their clients, allowing for long-term collaboration.
Solution Via BlockX:
Low Gas Fees.
High Speed Transaction.
TOKENOMICS:
The BCX token is a native currency of Blockx. This token has lots of use cases, which I have listed below as a token features.
TOKEN NAME: BLOCKX TOKEN.
TOKEN TICKER: $BCX
TOTAL SUPPLY: 1B $BCX
ALLOCATION:
Initial Sales: 50%.
Team & Advisors: 25%.
Angel Investors: 15%.
Reserved: 10%.
Token Key Feature:
Staking.
Gas Fees.
Validation.
Deligation.
DappS Supported.
Staking:
We can stake our BCX token. Without holding for a long time, staking is the best option. Because of staking, our token amount will increase annually by up to 20%. Because of this, when the price increases on this token, our profit will multiply by max. That is why staking is our most favourite thing to do in comparison to holding.
Gas Fees:
The BCX token will help us cover our daily onchain fees. This means that for every oncnchain transaction, the transaction fee will be deducted from the BCX token. No matter what token or coin we are withdrawing, the fees are only deducted in BCX tokens, which will be super cheap transaction fees for us.
Validation:
If we had 100k BCX tokens, then we could be a validator. And if we become validators, then we can only accept tokens from daligators. And we can take up to 500% of the token as a deligation of our holding. That means if we hold 100k bcx to become a validator, we can accept a maximum of 500k bcx tokens. Not only that, but we can charge from the deligator.
Deligation:
Anyone can be a deligator. If we had a minimum of 100 bcx tokens, we could deligate to a validtor node. And by giving the nodes a charge, we can get up to a 20% profit based on their block rewards and gas fees.
DappS Supported:
Many chains and many daaps usecases will be supported. That is, it will work on multiple chains and for asset-backed transactions.So it has to work with different daaps on different chains. As a result, the bcx token will be supported for daaps work, making it more user-friendly.
ROADMAP:
Conclusion:
BlockX is active in a number of different blockchain-related initiatives and services. Tokenizer is a BlockX-powered blockchain investment banking system that promotes accessible, transparent, and secure financial services. Everyone deserves equitable access to investing and fundraising possibilities, in our opinion. Tokenizer’s goal is to use asset tokenization to democratize investment and banking. To learn more about Tokenizer’s STOs, go here.
To know more information & all upcoming update news about this I strongly suggest everyone check out their official handle.
Whitepaper:
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Author: Al-amin Ahsan
Btt username: Imran232
Btt profile link:
BSC Address: 0x55bA9c90c37e3206570AC9dc872c0f053d155F77
I am not a financial advisor This Article is for informational purposes. I don’t suggest anyone invest in any project. If you want to do then do your research. Your money your research your risk.
