Blockster

Blockster

BXR
$0.000281%7.99

Key Metrics

Price$0.000281
Real Volume (24H)$120,687.76
Marketcap$2,248
Fully Diluted Valuation$975,297
ATH$1.13
ATH Date11/25/2021, 1:29:43 PM
ATL$0.00007577
ATL Date8/11/2022, 9:19:57 AM
Circulating Supply8M
Total Supply100M
WebsiteN/A
WhitepaperN/A
Popularity Rank4416
Chart
What is Blockster?

Blockster (BXR) is a feature-rich platform committed to the blockchain hustle, providing a gateway for cryptocurrency traders and enthusiasts worldwide to connect, earn, and learn about the crypto world. The platform is built to provide a comprehensive ecosystem for traders, with the BXR token playing a crucial role in the platform's operations.

According to the litepaper, the Blockster token is an integral part of the platform, offering traders various benefits within the ecosystem. One of the benefits is that traders can stake BXR tokens within the platform to receive a 20% share of the ad earnings generated by Blockster Ads. This feature allows traders to earn passive income through their BXR holdings. Additionally, traders can use the BXR token to pay content creators within the platform.

To unlock and utilize some of the platform's features, traders must stake BXR tokens, which grants them higher status and privileges compared to the staked BXR value. For instance, traders must deposit BXR to utilize and unlock their wallets within the Blockster platform. Similarly, staking BXR tokens is required to access Blockchat, the live chat system developed within the platform. Furthermore, traders must stake BXR tokens to unlock and utilize video streaming within the Blockchat.

Blockster's self-serve advertising forum is available both as a mobile and web app, and it aims to allow advertisers to reach their target demographics more effectively. The platform enables businesses and crypto projects to advertise themselves to a high-quality international audience of Blockchain Hustlers. The official currency for purchasing ads on the platform is the BXR token.

BXR is an ERC20 token that is native to the platform. Traders stake BXR tokens to acquire a 20% share of ad earnings and aim to gain higher privileges and status within the Blockster platform. As a deflationary currency, Blockster burns 5% of the BXR tokens spent on ads every month, which results in an ever-decreasing supply of the token. This deflationary mechanism creates a competitive environment for both traders and businesses on the platform.

Adam Todd, the founder and CEO, is at the helm of the Blockster platform. He is supported by a team that includes Lidia Yadlos as the co-founder and CMO, Tetyana Shpakovych as the product manager, and Anton Kovalenko as the CTO. The team's vision is to provide a comprehensive and feature-rich platform that enables traders and enthusiasts worldwide to connect, learn and earn from the crypto world.

Blockster launched its testnet in July 2021, and over 300,000 traders were onboarded from the waitlist. The testnet was made fully open to the public in August 2021, providing an opportunity for traders and enthusiasts worldwide to experience the platform's features and capabilities. With its comprehensive ecosystem, innovative features, and commitment to the blockchain hustle, Blockster is poised to become a leading platform in the crypto world.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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