In the Footsteps of Binance: Short Review the Beldex Coin

Beldex Basic Operating Principles

The developers claim that token will have the same level of privacy and protection as that of Monero. There is not much information about how Beldex works. This platform positions itself as a symbiosis of a hybrid and centralized exchange.

As a rule, when an exchange calls itself a “hybrid,” it means that it offers decentralized trading with a centralized confirmation mechanism. In other words, the exchange allows you to engage in peer-to-peer trading with other users but controls all transactions. Some hybrid exchanges also manage user funds or store them in a deposit account during the trading process.

The developers claim that their platform will provide a convenient and improved user interface, enhanced security, as well as support for many popular cryptocurrencies.

How Does Beldex Coin Work?

No matter how paradoxical it may sound, we know much more about the token itself than about the exchange and its team. As it was mentioned above, Beldex Coin is focused on confidentiality, which means that you will not have the opportunity to see the balance of someone else’s wallet, its transaction history, etc. The Beldex Coin token is based on the CryptoNight hashing algorithm, which is based on the CryptoNote protocol. In the network, all nodes have equal rights, which indicates its decentralization. In the future, developers are planning to release a debit card.

It is hard to talk about the Beldex growth prospects because there is very little information about the exchange itself and the development team on the network. According to the creators themselves, by the end of 2020, the Beldex rate will increase by 10,281%. Though, it is not entirely clear where they got these figures from.

Beldex rate online is 1 BDX = 0.1482$.

Conclusion

As it is possible to see in the screenshot, the Beldex price chart can be tracked from November 3, 2018, although the first mentioning the token began to appear on the network in April last year.

There is not much information about the exchange itself and the development team on the Internet. It is also not entirely clear on what basis the creators of the exchange and of the same name token decided that the Beldex price will grow by 10,281% by the end of 2020.

This review was prepared by thecoinshark.net.