Today, on September 29, Hotbit leads the way as the first cryptocurrency exchange to list $BXR: the native token of the Blockster multi-functional social platform.
Since 10:00 AM UTC, BXR is available for trading, deposits, and withdrawals.
Having emerged earlier this year and quickly gained traction as the global hub for all things cryptocurrency and blockchain, Blockster aims to bring the industry together in a single cryptocurrency-friendly space. It will give users the freedom to promote their projects and ideas, learn the latest news & real-time coin rates – and share their expertise with its vast professional community that is growing by the day. Blockster’s waitlist has already amassed over 440,000 registrants.
BXR is an ERC-20 token, with a total supply of 100,000,000 BXR and 3,000,000 BXR in circulation. BXR is engineered to be the fuel for Blockster’s engine, powering all advertising and commerce within the platform: namely, the token will be the only currency accepted on Blockster’s self-serve advertising platform.
It will also play a key part in the project’s ad revenue sharing program, where 20% of the total revenues will be split among the stakers. Other uses of BXR include content creator tipping and marketplace trading.
Holding that kind of a utility value, BXR is bound to become a staple cryptocurrency backed by millions of users. Besides that, every month, 5% of all BXR spent on advertising will be burned. With all that said, the demand for the token is bound to increase with the growth of the platform’s user base and the supply decrease that is built right into the tokenomics.
The listing support of Hotbit, a professional cryptocurrency trading platform that lists some of the world’s greatest projects, is another important milestone for Blockster.
With the help of advanced tech solutions, such as GSLB, distributed storage, and high-speed memory trading, the exchange offers easy, stable, and secure cryptocurrency trading for 1,000,000+ registered users from more than 170 countries and areas all over the world – so the exposure BXR gains from this partnership will be considerable. The trading pairs offered at the start are BXR/BTC and BXR/ETH.
According to the Blockster team, more exchanges are soon to follow in Hotbit’s wake, and their names are to be announced soon. Users can stay tuned to the platform’s updates via their official Twitter account.