BNX coins are issued by the Malaysian cryptocurrency exchange BitX and can be used for transaction fee discounts, transaction rewards and governance participation. The total supply is 21 million coins, which are expected to be released in 2023.
Issuer of BNX Coin
BNX Coin (Bitcoin New) was issued in 2018 by BitX, a cryptocurrency exchange based in Malaysia.
About BitX
BitX is a licensed cryptocurrency exchange that has been operating since 2014. It provides services in Malaysia, Indonesia and Singapore. BitX offers a range of cryptocurrency trading pairs, including Bitcoin, Ethereum, and Ripple.
Use of BNX Coin
BNX Coin is the native token of BitX exchange. It can be used for:
- Transaction fee discount: Hold BNX coins to enjoy a discount on BitX transaction fees.
- Trading Rewards: Users can receive trading rewards when trading BNX coins.
- Governance Participation: BNX coin holders can participate in the governance decisions of the BitX exchange.
BNX Coin Supply
The total supply of BNX coins is 21 million. These tokens have been released in phases and are expected to be fully released in 2023.
Conclusion
BNX coin is issued by Malaysian cryptocurrency exchange BitX. It can be used for transaction fee discounts, trading rewards, and governance participation. The total supply of BNX coins is 21 million, and all are expected to be released in 2023.
On the cryptocurrency market, BinaryX (BNX) is having a solid day and is currently worth $1.0010676009018. Its value has dropped slightly by 2.84788913% in the past 24 hours, but volume remains high at $113614049.61475. BinaryX has a circulating supply of 367752095.57734, a maximum supply of 2100000000, and a total supply of 367752095.57734. With the circulating market capitalization reaching $368144708.0462, this indicates strong demand for BNX in the cryptocurrency market. It could be an investment worth keeping an eye on, especially given its cautious price movements and high trading volume.
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