BNSx
  • Introduction
  • Token Overview
  • Functionality
  • Token Economics
  • Identity System
  • Roadmap
  • Overview
  • Media Files
  • Burn Mechanism
    • Burn Mechanism for Domain Reservation
    • Burn Mechanism for Annual Domain Renewal
  • How to
    • How to register an BNSX domain name(DID)
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Token Economics

  • Token Burning for Domain Acquisition: Upon the launch of the identity system, users can burn tokens to reserve unique xxx.bnsx.meme domains corresponding to xxx.btc addresses. The burning amount increases exponentially with shorter domain lengths.

    • Example: Registering a 3-character domain requires burning 10,000 tokens (10x10x10x10).

  • NFTs and Token Utility: The acquired NFTs for domain reservation are perpetual and can be traded. Token burning and NFT transactions contribute to the overall economic activity of the BNSX ecosystem.

  • Annual Registration Fee: BNSX introduces an annual registration fee for active DIDs. A portion of this fee is allocated to token buybacks and burning until the total circulation reaches 10.5 million tokens.

Last updated 1 year ago