Beaxy Announcements — Supply | Adviser | Timeline

We’re excited to bring you more big news about Beaxy and our evolution as an exchange. This news includes;

1. Decreasing token price and increasing circulating supply — Our original decision to have a 100MM circulating supply was made a year ago, and was based on an assessment of the project landscape at the time. We received feedback from our community and advisors that decreasing token price and increasing hardcap would be more favorable in the current landscape and help increase access to BXY token. As such we have decided to increase the supply x10 and decrease the price x10.
2. Extending our timeline for private sale due to regulations — Beaxy has taken significant measures to be compliant with necessary laws and regulations with BXY as a utility token. We recently analyzed documents about the release of other tokens delivered before a working product associated with those tokens is available. In this case the product is Beaxy exchange platform. To be sure we are compliant with this regulatory framework, we have been advised to extend our private sale period one month so that we can deliver BXY tokens shortly after Beaxy exchange is released. This allows us to align with our original projection of exchange release in September. This will have the added benefit of ensuring we can pursue the most strategic investment partners
3. New Advisers to be announced soon!

We have more favorable news to bring you over the coming days and weeks. This news includes new partnerships, advisors, and support from major voices in the crypto space. Follow us on Twitter @BeaxyExchange to stay up to date! As always, thank you for your interest in Beaxy and for following us on our mission to change the crypto exchange game forever.

For more information on the regulatory policies in question you can read here.