Blackfort (BXN)
1. Fundamental Analysis
1.1 Introduce
BlackFort is a Layer 1 EVM Core Blockchain that has implemented its proprietary POSA (Proof of Stake Authority) consensus algorithm. Its primary strategic focus is centered around the development and delivery of innovative products and services to the community. This approach is designed to generate significant utility for Blackforts native Layer 1 Token, BXN. BlackFort has released its own client side, multi currency wallet with nearly 230,000 downloads.BlackFort is expanding its ecosystem with the development of off-chain utilities to complement its core blockchain offerings. Through its own e-money service, Blackfortpay.com, BlackFort is venturing into the realm of digital banking, with plans to go live Q2, 2024. This initiative aims to bridge the gap between traditional financial services and the digital asset world, enhancing the utility and accessibility its native Layer 1 Token, BXN.In addition to banking services, BlackFort has created a legal framework for the tokenization of real estate on blockchain.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | BXN | Market Cap | 15103368.51 |
| Name | Blackfort | White Paper | -- |
| Web Site | https://www.blackfort.exchange | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://explorer.blackfort.network/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 49999999999 | |
| Supply | 49999999999 | Release Date | 2024-04-03 |
| Available Supply | 6703670000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The analysis of the K-line daily chart suggests a period of consolidation followed by a potential upward trend. The price has been fluctuating within a relatively narrow range, indicating a lack of strong directional momentum. However, there are signs that the market may be moving towards a bullish phase. The volume has been increasing, which could indicate growing interest in the asset. Overall, the current trend is cautiously bullish with a possibility of a significant upward movement in the near future.
