March 29 Bitfinex among the first to list BXN, native token of the Blackfort Exchange Network
ROAD TOWN, British Virgin Islands – March 29, 2024 – Bitfinex (https://www.bitfinex.com/), a leading digital asset trading platform, today announced that it will be among the first exchanges to list BXN, the native token of the BlackFort Exchange Network, an EVM-enabled layer 1 blockchain designed for speed, security and scalability.
Launched in January 2023, the BlackFort Exchange Network is a blockchain network that facilitates the creation and management of smart contracts. It allows users to start their own projects or tokens on the blockchain without the need for advanced knowledge. BlackFort emphasizes security and uses NFTs in its network validation process. Users can obtain 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.
BlackFort's native token, BXN, serves as a key utility token used for transaction fees and running validator nodes to earn additional rewards.
“The architecture and validation process of the Blackfort Exchange Network is an example of the continued innovation taking place in Web3. The focus on simplifying the creation of smart contracts and leveraging NFTs for security presents a forward-thinking approach. Bitfinex is pleased to be among the first exchanges to list the BXN token,” said Henry Child, head of tokens at Bitfinex.
BXN depots are expected to open around 10:00 UTC on March 29, 2024, subject to network conditions. Trading is expected to begin at approximately 10:00 a.m. on April 2, 2024, subject to liquidity requirements being met. BXN will be tradable for US dollars (BXN/USD) and Tether tokens (BXN/USDt).
To access BXN on Bitfinex, customers can visit https://www.bitfinex.com/.
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About Bitfinex
Founded in 2012, Bitfinex is a digital token trading platform offering industry-leading services to global traders and liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC marketplace, and margin trading for a wide selection of digital tokens. Bitfinex's strategy focuses on providing unprecedented support, tools and innovation to experienced traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.
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