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.