BDX · a privacy chain where the reserve wallet, not the miners, sets the supply.
BDX is the fee, staking and masternode coin of Beldex, a privacy chain in the Monero family — 7,871M circulating out of 9,939M in existence, with no hard cap.
Sell pressure. Mining adds only 1.6M a quarter. The weight is a fixed 130.68M reserve release on Jun 30 2026, plus 32.0M unbacked coins from a bridge exploit, sold in June.
Buy pressure. Only the protocol burn — 0.6M destroyed in fee and name-service burns. No buyback exists.
Net. About 2.08% goes to market over 90 days and 1.67% next — the schedule, not mining, sets the pace.
- Quarterly reserve release+130.68M BDXSep 30 2026 · added to market
New coins are made block by block, and the rate is small. The chain's own running total of coins ever created moved by exactly 6.25 BDX per block across three readings taken minutes apart, and 259,191 blocks were mined between the two ends of this window — 1,619,943.75 BDX. One extra payment of 18,906.35 BDX landed at the restart block on Jun 27 2026, making up for the roughly 31 hours the chain spent halted during a scheduled upgrade. That is the whole of new mining supply: about 1.64M over 90 days, or 0.02% of what is already circulating.
This is where almost all the supply comes from. A fixed 130,680,000 BDX leaves the ecosystem reserve on the last day of every quarter, and the eighteenth of those releases landed on Jun 30 2026, inside this window. The project publishes the reserve address and its viewing key each quarter: 1,607.76M BDX is left after this one, and the quarter before it released the same 130.68M from 1,738.44M — the two balances differ by exactly the tranche. The classified supply series carries one matching step of 129.83M in early Jul 2026 and nothing else.
The only reserve outflow anyone can point at is the quarterly tranche already counted above, and counting it twice would invent pressure that does not exist. Watched as overhang: the ecosystem reserve at 1,607.76M BDX, the seed and VC wallet unchanged at 214.50M, and roughly 246.7M more that sits outside the circulating count without the project attributing it to a named wallet. The Aug 20 2026 raise was an equity round with no token terms. No public evidence of release in window — monitored.
There is no bankruptcy estate, no trustee and no court-ordered distribution attached to BDX. Nothing sits in this row and nothing is expected to.
A flaw in the bridge that carries BDX onto a second chain let an attacker create coins nothing was backing, and they were sold on the market from Jun 11 2026. Read directly from the retired bridge contract at both ends of this window, the coins it recognises rose from 3,931,516 to 35,950,569 — 32,019,053 of them out of thin air. The project's first estimate was 38.2M; the contract itself is the stronger evidence. The old contract has been retired and holders swapped one for one onto a new one, so this cannot repeat.
There is no buyback running. The only buyback material anywhere is an old promotional post that never became a mechanism, and the incident update in Jun 2026 mentioned buying for market stability without ever naming an amount, a wallet or a date. Being able to buy is not the same as buying, so nothing is booked here.
Coins really are destroyed here — transaction fees and name-service registrations are burned by the protocol itself rather than sent to a dead wallet, and the chain keeps its own running total. That total read 11.17M BDX on Jun 30 2026 and 11,811,885 BDX on Sep 7 2026, so 641,885 were destroyed in between, about 9,214 a day. The chain answers only at its newest block, so the first 20 days of this window cannot be read at all; the figure shown is the part that can be, not an estimate stretched over the rest.
No open-market buying by the project has been disclosed with an amount or a date. Beldex funds itself out of the quarterly reserve releases rather than out of revenue, and the Aug 20 2026 raise of 8M dollars was equity, not a token purchase.
Masternodes each lock 10,000 BDX, and 3,382 of them were active at the end of this window — 33.8M BDX posted as collateral. That is a standing bond, not a new lock. No public record shows how many nodes were running when the window opened, so no change can be measured, and a standing total is never counted as buying.
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