BDX · a quiet mining chain with one loud quarterly release.
BDX is the coin of Beldex, a privacy layer-1 with masternode staking — ~7.87B circulating of a 9.94B total, with reserve wallets that drip supply into the market on a fixed calendar.
Sell pressure. Mining adds just ~1.62M BDX over 90 days, but a fixed 130.68M reserve release lands every quarter — the next on Sep 30 2026.
Buy pressure. Only a small ~0.89M BDX fee burn — no buyback, no treasury buying, no lock.
Net. About +1.67% to market over the next 90 days — growing, and driven almost entirely by the quarterly release, not mining.
- Quarterly Ecosystem reserve release+130.68M BDXSep 30 2026 · reserve supply into market
Mining is the only source of genuinely new BDX. The block reward is a flat 6.25 BDX every ~30 seconds, which comes to about 1.62M BDX over 90 days across roughly 259,200 blocks. Supply is uncapped, so this stream keeps running, but it is tiny next to the quarterly reserve release below.
A fixed 130.68M BDX is released from the Ecosystem reserve wallet at each quarter-end. The last one landed Jun 30 2026 and the full tranche moved into the market, and the next lands Sep 30 2026 inside this window — so the released amount matches the scheduled amount. This single event is the dominant supply force, dwarfing mining.
After the Jun 30 2026 release the Ecosystem reserve wallet still holds about 1,607.76M BDX and the Seed & VC wallet about 214.5M BDX, with a further ~246.68M of non-circulating classification gap — all team-controlled overhang that could reach the market. Only the next scheduled quarterly tranche is counted (in row 2); the rest has no extra release beyond the calendar. No public evidence of unscheduled release in window — monitored.
There is no bankruptcy estate, trustee distribution or court-ordered escrow for BDX.
The protocol runs no automated buyback. An old 2023 buyback-and-burn promotion left no open-market buying in this window, and the Q2 2026 recap lists burns only.
Beldex Name Service registration and renewal fees, plus flash-transaction fees, are sent to an unspendable address and permanently destroyed. That removes about 0.89M BDX over 90 days, against an all-time burn counter of about 11.48M. Real, but a rounding error next to the 130.68M reserve release.
No project entity bought BDX on the open market in the window — the team releases reserve supply, it does not accumulate.
Masternode collateral of 10,000 BDX locks coins while a node runs, but it unlocks on exit and is treated as liquid stake, not a new long-term lock removing supply.
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