Beldex

Beldex is a Layer 1 blockchain project, launched in 2018, whose central claim is that it enables confidential digital interactions for ordinary users who want privacy when transacting or communicating online. The native coin, BDX, is intended to power a suite of privacy-oriented applications including a private messenger called BChat, a decentralized browser, a network overlay called BelNet, and a cross-chain bridge. The problem it targets is the exposure of personal data and transaction histories that occurs on transparent public blockchains and conventional internet platforms.

Beldex uses a Cryptonight consensus algorithm, a proof-of-work design historically associated with CPU-friendly, privacy-focused mining, though the project description notes that the network transitioned toward a proof-of-stake model to improve scalability and reduce fees. Blocks are produced roughly every 2 minutes, and the network supports masternodes, which are nodes that stake BDX and participate in network operations. BDX itself is the medium of exchange within this ecosystem, used to pay for confidential transactions and to interact with the decentralized applications built on the protocol.

The data provided does not include a specific fee revenue figure or a breakdown of who collects and distributes fees within the Beldex network, so fee-based valuation measures are not available on this page. What the data does show is that approximately 79.18 percent of supply has been issued at this point in time, with no maximum supply cap recorded, meaning the total eventual supply is open-ended. The dilution overhang stands at roughly 26.29 percent, reflecting the share of additional tokens that could enter circulation relative to current circulating supply, and the ratio of fully diluted valuation to market capitalization is 1.26, measured at the current point in time.