BlackFort, an ecosystem offering a multichain wallet, payment solution, and L1 blockchain, has announced that its $BXN token will be listed on the BITFINEX exchange on April 2, 2024. Deposits for BXN will open at 10 am UTC, with trading in the BXN/USDT pair also beginning at the same time.

BlackFort $BXN token: Various utility streams

The $BXN token provides diverse utility across the ecosystem, including discounts on buying and swapping cryptocurrency in the BlackFort wallet, benefits for users of BlackFort Pay solutions, security features based on the Proof-of-Staked-Authority (POSA) consensus rules, rewards for node holders on the BlackFort L1, fee rebates, airdrop opportunities, asset tokenization bonuses, paying transaction fees on the BlackFort Network blockchain, Creator Fund grants, and support for corporate responsibility projects.

$BXN listing details on BITFINEX

To ensure a fair valuation and smooth token price discovery, BlackFort decided to list $BXN only after establishing its L1 blockchain and attracting a large user base. With over 75,000 POSA delegators across 120 countries and almost 120,000 active addresses as of March 2024, the token is now ready for external trading.

BITFINEX is the first major platform to list $BXN. The listing details are as follows:

• Deposits open from the BlackFort X Network: 8 am UTC on April 2, 2024;
• Trading in the BXN/USDT and BXN/USD pair opens at 10 am UTC on April 2, 2024;
• BXN withdrawals open at 10 am UTC.

BlackFort: An entire ecosystem for crypto users

BlackFort is an all-in-one Web3 ecosystem designed to cater to the needs of regular crypto users and provide EVM developers with an efficient alternative to existing L1 networks.

The ecosystem includes:

• Blackfort Wallet for Android and iOS: supporting various crypto assets on different blockchains, facilitating buying and selling of crypto using debit/credit cards and bank transfers, and enabling cryptocurrency swaps.
• Blackfort Exchange Network, or BXN Smartchain: an EVM-compatible L1 blockchain optimized for DeFi and asset exchange, utilizing the unique POSA consensus for decentralization and security.
• Successful code and smart contract audits by Certik, a leading blockchain security provider.

BlackFort Pay (in progress): a payment and financial management platform for individuals and businesses in the EEA, offering virtual and physical debit cards, dedicated IBANs, and payment processing services.

With a thriving ecosystem, BlackFort plans to introduce millions of crypto users to its L1 blockchain, wallet, and the versatile utility of $BXN. The BITFINEX listing is just one of the many updates scheduled by BlackFort for 2024. Stay updated via the official website and X for more details.