Project Overview
BlackFort (BXN) has been listed on HotsCoin on April 8. BlackFort is a layer 1 EVM core blockchain that has implemented its proprietary POSA (Proof of Stake) consensus algorithm. Its main strategic focus is to develop and deliver innovative products and services to the community. This approach is designed to generate significant utility for Blackforts’ native Tier 1 token, BXN. BXN is currently open for trading on HotsCoin.
BlackFort has released its own client-side multi-currency wallet, which has been downloaded nearly 230,000 times.
BlackFort is expanding its ecosystem by developing off-chain utilities to complement its core blockchain products. BlackFort is venturing into digital banking with its own e-money service, Blackfortpay.com, which is scheduled to go live in the second quarter of 2024. The initiative aims to bridge the gap between traditional financial services and the world of digital assets, enhancing the utility and accessibility of its native layer 1 token, BXN.
In addition to banking services, BlackFort has created a legal framework for the tokenization of real estate on the blockchain.
Token information
Token symbol: BXN
Total amount of tokens: 49,999,999,999 BXN
Token distribution ratio:
Output of all nodes: 59.00%
TGE: 5.88%, generated by the community
The remaining 94.12% will be unlocked in 10 years
Locked nodes: 21.00%
permanently locked
5 rounds of airdrop: 0.2%
TGE：100.00%
Creator Fund: 2.00%
TGE：100.00%
Team: 2.00%
TGE: 20%, unlocked in 3 months
Remaining 4 years unlocked
March 2025: 20% of the team
March 2026: 20% of the team
March 2028: 20% of the team
March 2029: 20% of the team
Charity: 0.10%
TGE：100.00%
Tokenized bonus: 4.00%
TGE：100.00%
Miner gas fee: 0.20%
TGE：100.00%
Pre-launch bonus (community): 3.37%
Distributed on February 3, 2023
Liquidity reserve: 8.13%
TGE：100.00%
BXN is a PoSA (Proof of Stake) blockchain based on EVM (Ethereum Virtual Machine) that integrates its economic logic and functionality through a comprehensive set of smart contracts, similar to the Binance Smart Chain (BSC) architecture. It provides compatibility with the Ethereum ecosystem, allowing developers and users to interact with its network using standard Ethereum APIs via RPC (remote procedure call) endpoints. The network supports the deployment and operation of decentralized applications (DApps) and smart contracts, leveraging the Vanilla Geth client for node operation.
BXN’s core features include:
BXN Token: As the native token of the BlackFort blockchain, BXN plays a vital role in the entire ecosystem. In addition to being a currency for transaction processing fees, BXN has multi-functional utility, including as a means of payment for asset tokenization. BXN has a wide range of uses and provides users with rich usage scenarios, thus promoting the growth and development of the BlackFort community.
BXN VOTE tokens: Each BXN node holder will receive a certain number of VOTE tokens. These tokens give node holders voting rights in network decisions, ensuring that every node holder has an equal say in network governance. The voting mechanism of this direct democracy system helps promote innovation and collaboration in the BlackFort community.
BXN Node NFT: BXN uses a unique node system with a total of 304,000 nodes available for distribution. Each node represents a collection of non-fungible tokens (nNFTs) and has a specific weight, called a Tokenlock. A node cannot be divided into individual currencies and is a single entity. These nodes play an important role in verifying transactions in the Proof-of-Staked-Authority (PoSA) mechanism, increasing the authority and weight of the holder.
What can users do using BXN?
BXN is equipped with smart contract functionality and is compatible with the Ethereum Virtual Machine (EVM) for developing various types of decentralized applications. The design goals of BXN are to increase throughput and introduce smart contracts into the BXN chain ecosystem. As an EVM-compatible chain, in addition to being easy to migrate, BXN benefits from the support of Ethereum’s rich ecosystem of tools and DApps.
in conclusion
As an EVM core blockchain, BlackFort is based on its POSA consensus algorithm and aims to provide users with a wealth of decentralized financial services and innovative products. As the core token of its ecosystem, BXN has multiple utilities, including payment of transaction fees, voting rights, and node verification. As the BlackFort ecosystem continues to expand and develop, BXN will play an important role in the field of decentralized finance and bring more innovative application scenarios to users. Investors should pay close attention to the development of BlackFort and BXN for investment opportunities and to participate in the development of their ecosystem.
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