Exciting News: BlockX MainNet Beta Ready for Launch!
After rigorous testing across multiple Testnets, we are thrilled to announce that BlockX is set to unleash MainNet Beta. Over the past few months, our network has demonstrated lightning speed and unparalleled stability, paving the way for this significant milestone.
MainNet Highlights:
Our stable network is ready for deployment, with continuous updates and improvements in the pipeline. To ensure smooth integration and minimal service interruptions, any changes or upgrades will be meticulously coordinated with our valued node operators and the broader community.
While fully functional and stable, users may experience occasional instability or reduced performance in the initial phases.
Post the MainNet Beta:
- All balances and transactions on the network will be deemed final post this MainNet Beta.
- Staking officially commences on the BlockX Mainnet network.
- Staking rewards, Validator rewards, and Delegator rewards will be official and final going forward.
Transition Details:
Upon the release of MainNet Beta, all users will receive an additional 1:1 Bonus BCX token on the Mainnet network. This bonus will be auto-staked through our staking service, which will be subsequently delegated among validators. The Snapshot of token holdings will be taken within 72 hours from the end of voting. The exact date/time is to be confirmed.
Existing Polygon network BCX tokens remain valid, with a future bridge connecting them to MainNet. This means every BCX token holder will witness their total holdings double — for instance, if you currently hold 10,000 BCX on Polygon, you’ll receive an additional 10,000 BCX auto-staked on BlockX Mainnet.
Initially, bonus auto-staked tokens will be spread between the Genesis Validators by our staking service. Later there will be a Portal to view Auto-Staked tokens and Unstake or view the total holdings including cumulative earnings from Feb 2024 or earlier. Directly staked tokens with validators will already be visible via the explorer (https://ping.blockxnet.com). To directly stake users will have to use the Bridge (pending) polygon tokens to MainNet or unstake the auto-staked tokens via the Dashboard.
The issuance of 1:1 Bonus tokens necessitates an adjustment to maintain the proportional ownership as pre-Mainnet. Consequently, the total supply of the chain is set to double, reaching an approximate figure of 1.4 billion tokens. This calculation considers the initial 600 million tokens on the testnet, along with the additional 100 million staking rewards distributed earlier. The resulting total supply is thus twice the sum of these amounts, totaling 1.4 billion tokens.
Community Voting Process:
Voting for the MainNet Beta release will take place over two weeks on the Testnet network. All BCX token holders on the Testnet are eligible to vote, requiring token delegation. Detailed instructions on voting will be provided separately.
Upon a positive vote, we will initiate the creation of the new MainNet network within 2 weeks, while the Testnet will continue its operation.
Voting Link: https://ping.blockxnet.com/Atlantis/gov/15
Looking Ahead to the Next Beta:
In the next 3–6 months, Phase 2 development is on the horizon, featuring:
- Bridge: A bridge connecting to most EVM and Cosmos networks. We are discussing with Axelar and various other partners along with an internal bridge.
- Applications: Partner applications in DeFi, GameFi, and other verticals joining the network will become operational.
- New Governance and Stress Testing: Stress testing the network and introducing governance architecture updates, with code open-sourced for community contributions, promoting full decentralization.
- BlockX Wallet: The release of a new BlockX wallet, available on mobile and web platforms, simplifying staking in BlockX and offering various services, including bridge, swap, and off-ramp/on-ramp functionalities.
Stay tuned for further updates as we continue to revolutionize the blockchain landscape with BlockX!
More links and resources:
Vote for MainNet: https://ping.blockxnet.com/Atlantis/gov/15
Website: https://blockxnet.com
Linktree: https://linktr.ee/blockxchain
Run A BlockX node: https://github.com/BlockXLabs/BlockX-Node
Documentation: https://docs.blockxnet.com
Buy BCX (BlockX Chain native token) with Cards/Fiat : https://track.swipelux.com/?api-key=d8d35b0d-7772-496c-92c1-d53320148179
Buy BXVX (BlockX Venture Studio Fund token) with Crypto: https://invest.blockxnet.com/token/bxvx
