50 million BNX coins were burned on July 1st!

We burned another 50 million BNX on July 1st, for a total of $20 million. We promised to do it - we will do it every quarter. The destruction of BNX tokens will continue until 250 million remains. This burn reduces the maximum supply to approx. 270 million BNX.

The burning process allows us to increase the BNX price and make it more exclusive for holders. A few more burns and we will reach the desired mark. BNX coins are growing in price and here is a reminder of other useful options:

• Paying exchange fees with a 50% discount.
• Acquiring BNX Angel status and improving conditions for BTCNEXT Exchange usage.
• Participating in lotteries, private blockchain conferences, etc.

Despite the quarantine, Q2 2020 was full of important developments for the BTCNEXT Exchange as well as news for its community. Here are the most crucial.

Trading Wars and Noah Lottery

The biggest event during this period was the launch of the BTCNEXT Broker promotion contest - Trading Wars. The 100 best traders will fight for lucrative cash prizes. They will have one month of hard competition to show their extraordinary skills. Every trader will receive $1,000 for free with which they can trade. The 3 winners with the best results will get $10,000, $5,000, and $3,000 on July 29th, which is when the contest ends.

We also conducted a generous Noah Trading Lottery under the patronage of the Noah Project. Three lucky winners shared a prize pool of $7,500.

BTCNEXT Exchange update

We conducted a global update of the BTCNEXT Exchange. It now allows traders to have a completely new user experience. The performance and stability of the exchange has been significantly increased. Additionally, shutdowns for maintenance will now occur much less frequently. The functionality of the exchange has increased and six new tools have been added, to meet the needs of professional traders.
These tools are:

• Dynamic layout
• Workspaces
• Market depth
• Grouping of volumes
• Watchlist
• Withdrawal address whitelist

Documentation improvements

We paid a lot of attention to the instructions and documents on the BTCNEXT website. We have:

• Updated the Legal Documents for the exchange
• Added instructions for KYC procedure to the BTCNEXT Broker website
• Included a Japanese version of QDAO DeFi FAQ.
• Updated the Terms of Use for the BTCNEXT Exchange
• Included 2FA video instructions in our FAQ
• Added an educational video on money transfers from cold wallets to the exchange.

New coins

We are continuing to increase the coins list. Recently, we listed Tron (TRX) and Dogecoin (DOGE) as well as added trading pairs and coin info for both.

The BTCNEXT Project development continues and we look positively towards the future. Stay tuned so you don’t miss out on our updates!

Best regards,
BTCNEXT Team