Launched in January 2023, the BlackFort Exchange Network is a blockchain network that makes it easier to create and manage smart contracts. It allows users to start their own projects or tokens on the blockchain without needing advanced knowledge. BlackFort emphasizes security and uses NFTs in its network validation process. Users can get BlackFort NFTs and stake them to join its node and validator rewards program. BlackFort’s smartchain technology enables the fast, smooth, and secure transfer of digital assets between parties.
Adding to its specific design is BlackFort’s Proof-of-Staked-Authority consensus method, which offers users the ability to stake their tokens and earn rewards without the need for expensive and energy-intensive hardware. BlackFort states that its network is supported by over 60,000 delegators from over 120 countries, boasting a higher level of decentralization, security, and scalability than blockchains secured through Proof-of-Stake or Proof-of-Work methods.
BlackFort’s forthcoming native token, BXN, serves as a key utility token that is used for transaction fees and running validator nodes to earn additional rewards.
“The Blackfort Exchange Network’s unique architecture and validation process is an excellent example of the continued innovation taking place in web3. Its focus on simplifying smart contract creation and leveraging NFTs for security showcases a forward-thinking approach to pushing the boundaries of blockchain technology. Bitfinex is delighted thrilled to be among the first exchanges to list the BXN token and to offer our users access to this exciting blockchain,” said Henry Childs, Head of Tokens for Bitfinex.
Deposits of BXN are anticipated to open at approximately 1:30 PM UTC on March 8, 2024, subject to network conditions. Trading is planned to commence on March 7 at approximately 1:30 PM on March 11, 2024, contingent upon liquidity requirements being met.BXN will be tradable against US Dollars (BXN/USD) and Tether tokens (BXN/USDt).
To obtain access to BXN on Bitfinex, customers can visit https://www.bitfinex.com/.
*All users of www.bitfinex.com are subject to Bitfinex’s terms of service (“TOS”). Please note that U.S. persons (as defined in the TOS), among other prohibited persons (as defined in the TOS), are strictly prohibited from directly or indirectly holding, owning or operating an Account (as defined in the TOS) on www.bitfinex.com.
About Bitfinex
Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services for traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for experienced traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.
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