Today I'm going to share a crypto gem that few people fan of the world of cryptocurrency knows.
Blockonix is a cryptocurrency that was previously called Bitindia. The team that develops it is from India, and its first objective was to create an application so that the billions of Indian citizens could have access to buy and sell cryptocurrencies.
Recently they had to change their project due to some statements made by the Indian government restricting the use of cryptocurrencies. For this reason they consulted the community asking if the project should be extended globally, not only to India. Finally they decided to change their project towards a global cryptocurrency exchange, one hundred percent decentralized, managed by smart contract.
We all know the problems that many of the centralized exchanges have today. Failed operations. Failures and blockages in withdrawals. Manipulation of prices. Hacking and stealing cryptocurrencies taking advantage of weaknesses.
Decentralized exchanges aim to solve many of these problems and we see that there are more and more projects of this type. To mention just a few of them: Switcheo, Aphelion, Idex.market, and others ... Also Binance and Cobin Hood are going to develop their own decentralized exchanges.
They burned a total of 169,907,916.65 coins, 94% of the total, which were 180,000,000.00 coins.
So there are currently only 10,092,083.35 Blockonix coins.
With this amount of coins so small, there is only 6% of those that were at the beginning, and with the usage of coins when the exchange is finished, its price will increase considerably.
Blockonix will only charge 0.1% of each transaction for all purchase or sale operations.
A large discount will be offered for the use of the BDT currency. Waiting to update the website, but it will be an aggressive discount of 70% on the collections of the operations made with the BDT token. This will be for life and the BDT tokens used for the transactions will be burned forever, increasing the value of the token constantly.
The collection of transactions in Ethereum will be used for the repurchase of BDT tokens.
The charging in Ethereum of listing new tokens in the exchange will be used for the repurchase of BDT tokens.
100% of BDT tokens used to list new tokens in the exchanger will be permanently burned.
As always, I wish you good luck in your investments, do not take this review as an investment advice but do your own research before investing your money. Remember that in cryptocurrencies you should not invest more money than you are willing to lose.
Source of information:
support.blockonix.com
