BNQ is a miner development incentive program officially launched by BitNasdaq, and it is the first extreme deflation platform token introduced by an exchange globally. BNQ is the first token in the world designed based on a POW+POC economic model, featuring high consensus, strong retention, and significant growth potential. Its aim is to build a truly practical and unique ecosystem. It is a value-sharing platform where everyone involved can benefit. It is a currency that appreciates inversely. It is a currency that provides substantial ecological support for exchanges. ⚒️
BNQ is the first ultra-deflationary platform token officially launched by Bitnasdaq. The platform token will be used to incentivize brokers and users, fostering joint development with the platform.
BNQ has a fixed issuance of 100 billion tokens, with an initial circulation of 1%. There is no private sale, and all tokens can only be produced through mining. Of these, 44% of the tokens can only be used by sending them to a black hole for destruction to gain computational power for mining and will not circulate in the secondary market. The remaining 55% of the tokens will be mined. Mining will begin on January 1, 2025, with an initial daily output of 18 million tokens. The mining output will decrease by 5% every 180 days, with a total of 38 reductions, and the mining period will last for 99 years.
The 44% of BNQ tokens that are not in market circulation are exclusively used for exchanging computational power for mining. This means that only 56% of the tokens will circulate in the market. Furthermore, as new users join and tokens are continuously burned to exchange for computational power for mining, the actual circulation is expected to drop to no more than 20% in the future. ⚒️
Here is the breakdown and circulation details for BNQ Mining:
➡️ Token Name: BNQ
➡️ Token Address: 0xEAA78305C19A292e5c141108f0880333A840a2bc
➡️ Mining Model: Extreme Deflationary Economic Model
➡️ Total Fixed Issuance: 100 Billion BNQ Tokens
➡️ Initial Circulation: 1% of 100 Billion Tokens
➡️ Burn Mechanism: 45% of the Total Supply, 44% for computational power + 1% initial circulation
➡️ Mining Allocation: 55% of the total supply, making 55 Billion tokens
➡️ Initial Daily Mining Output: 18 Million tokens/day.
➡️ Reduction Rate: 5% every 180 days.
➡️ Mining Duration: 99 years.