During 2021, BTCNEXT Foundation, Hong Kong managed to double the number of BTCNEXT Exchange users. The trading platform has now reached 70,000 users. This was facilitated by new coin listings, improved functionality and better market conditions.
As reported, in a single year, BTCNEXT Foundation Hong Kong listed 13 new coins on its exchange so as to provide users with additional trading tools. Most of the new cryptocurrencies are top-class DeFi tokens that are widely traded across the industry, e.g. DOT, MATIC, 1INCH, etc.
One of the drivers behind this impressive increase is BNX - the platform’s native token. It guarantees several benefits, including trading fee discounts and the opportunity to become a BTCNEXT Angel (premium users).
BNX uses token burning mechanics to retain its price. The last token burn took place in December 2020, reducing the total supply to 250 million. The coin strengthened its position and attracted new holders. In the summer, BNX reached $0.40, which is a 10-fold increase on the bottom price.
BTСNEXT Angels are another reason why the inflow of users saw a sharp increase. As premium users and core BNX holders, they helped BTCNEXT Foundation Hong Kong achieve a new level of stability.
Last but not least is the efforts made by the BTCNEXT Foundation Hong Kong themselves. The team has continuously been improving the exchange’s functionality. Recent major upgrades have favorably impacted the exchange's core, which now works faster and can handle the increased loads brought on by the influx of new users. A team representative commented on this great achievement:
“This is a great result to share with the world and a great feeling seeing your efforts pay off. We’re proud to reach this milestone and intend to continue moving forward. The BTCNEXT Exchange is capable of gaining even more popularity. We plan to introduce some major improvements and hope that they will allow us to reach out to a global audience.”
BTCNEXT Foundation Hong Kong plans to significantly improve the exchange’s sustainability and introduce DEX services, indicating that the team is gearing up for massive things to come.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.