Beaxy Weekly Overview — #18
As I mentioned earlier in one of my articles, I recently became an advisor for Beaxy Exchange. If you have no idea what Beaxy is about, please read my earlier articles about it:
In my Beaxy Weekly Overview, I will talk about all the things that happened previous week for Beaxy Exchange. I hope you like the overview and keep following Beaxy Exchange.
Token Sale Transparency
One of the key ingredients of Beaxy Exchange is ‘Transparency.’ It’s one of the values I hold close to my heart and find more than important for a project. Beaxy always has the best interests with their community and investors and that’s why they have no problem being transparent.
Last week CEO Artak Hamazaspyan shared an important transparency update regarding the Token Sale.
- Total amount raised: $ 5,319,852 (Publicly and privately)
- Paperstreet sale: 2,176 $ ETH
- Day one circulating supply: 99,985,000
Cutting Total Supply In Half
I already have shown you guys the high transparency levels of Beaxy in terms of the token sale. However, it doesn’t end there. It’s not just transparency that’s important to me. It’s also that a project cares about their community and investors and in that case, to me, actions speak so much louder than words.
After the token sale, Beaxy re-evaluated their token metrics and decided that they are going to eliminate half our their token supply before hitting the market. This means that from the total supply of 1 billion, 50 % (500 million $BXY) gets eliminated. So what does this say about the supply?
- 300 Million of the 600 Million tokens to be sold will be eliminated
- 200 Million of the 400 Million tokens from the company reserve will be eliminated
So that means the ratios (60% for the token sale and 40% for the team) will remain the same. There will still be 100 Million tokens of the 300 Million tokens allocated to the sale on the platform itself when it’s live.
Now the interesting part… If you’re an investor, your allocation will stay the same, but you will now own a larger percentage of available tokens.
A big thank you to the Beaxy Team for being transparent and fair towards their community and investors.
The Beaxy Bash
The Beaxy Bash from January was a huge success! It showcased some of the projects making an impact on crypto today, with attendees from around the world representing various industries. Thanks to the hosts @goblockparty @RealHxro @AthenaBitcoin @OneMarketData
If you missed The Beaxy Bash, you can have a look here.
That’s it for now. All the best to everyone!
Khilone
Follow me on Twitter to get all the news right away: https://twitter.com/Khil0ne
And be sure to read all my stories on Medium over here:
https://medium.com/khilone
Other things to keep your eyes on:
- Official Twitter: https://twitter.com/BeaxyExchange
- Official Reddit: https://www.reddit.com/r/BeaxyExchange/
- Official Discord: https://discord.gg/rMX3s5m
Khilone is an investor and advisor of Beaxy Exchange.
The material contained in this article is not to be regarded as an recommendation to buy or sell or the solicitation of any offer to buy or sell securities in any jurisdiction where such an offer or solicitation is against the law, or to anyone to whom it is unlawful to make such an offer or solicitation, or if the person making the offer or solicitation is not qualified to do so. The information on this document does not constitute legal, tax, or investment advice. You must not, therefore, rely on the content of this document when making any investment decisions.
