Beldex
$0.0988
STRICT-Score
Max. Potenzial
4x
Potenzieller Ertrag
Wahrscheinlichkeit
45%
Erfolgschance
Risikoniveau
7/10
Hohes Risiko
Marktkapitalisierung
$738.57M
Volumen
$12.25M
STRICT-Score Aufschlüsselung
Unser proprietäres Bewertungssystem evaluiert Projekte anhand von 6 Schlüsseldimensionen.
Analyseübersicht
Analyseübersicht
Beldex (BDX) trades at $0.090 with a market cap of $671.6M, ranking #206 as of December 14, 2025. The privacy-focused blockchain has 7.48 billion BDX in circulation from a 9.9 billion max supply, representing 75.6% circulating supply. BDX gained 1.30% in 24 hours with $10.48M daily trading volume and 6% over 7 days. The network operates over 10,000 masternodes on a Proof-of-Stake consensus mechanism, transitioning from PoW in December 2021. Recent milestones include the Obscura upgrade (December 7) introducing Bulletproofs++ reducing transaction size by 38% for improved scalability, KuCoin Futures listing with 20x leverage (December 11), and the $25M DWF Labs partnership (February 2023, renewed October 2025) funding privacy-preserving smart contracts and cross-chain EVM compatibility.
Investitionsthese
Beldex represents a comprehensive privacy ecosystem beyond simple anonymous transactions, combining Monero-forked cryptography with practical Web3 applications including BChat encrypted messaging (end-to-end encrypted via masternodes), BelNet decentralized VPN (global exit nodes), and privacy-focused Beldex Browser. The May 2025 BNS launch via Bern Hardfork enables .bdx human-readable domains for privacy apps with fee-burning supply reduction. The $25M DWF Labs partnership funds EVM testnet development targeting Q1 2026, potentially bridging privacy tech to DeFi ecosystems. With 62.5% block rewards to masternode operators staking 10,000 BDX and fee-burning mechanisms creating deflationary pressure, tokenomics incentivize network security while reducing supply. Trading at 15.6% of Monero market cap despite similar Ring Confidential Transaction technology and additional ecosystem utility, Beldex offers asymmetric upside if privacy adoption accelerates.
Wettbewerbsposition
Beldex operates in the privacy coin sector alongside Monero ($4.3B market cap) and Zcash ($5B+). While Monero focuses exclusively on payment privacy via PoW and Zcash offers opt-in shielded transactions, Beldex differentiates through mandatory privacy extended to a full application ecosystem. The BChat messaging app (end-to-end encrypted via masternodes) competes with Session, BelNet dVPN (global exit nodes) competes with Orchid ($90M market cap) and Mysterium, and Beldex Browser blocks cookies/Javascript/metadata competing with Brave. The PoS masternode structure (over 10,000 nodes) provides energy efficiency advantages over Monero PoW while maintaining decentralization. However, Beldex faces adoption challenges: 0.89% turnover ratio versus Monero double-digit volumes, ranking #206 versus Monero #45, and limited to second-tier exchanges (KuCoin, Gate.io, Bit2Me). The $25M DWF Labs partnership targets the privacy DeFi gap with Q1 2026 EVM testnet, competing with Secret Network ($145M) and Oasis ($280M). BeldexAI sidechain with FHE positions uniquely for privacy AI compute, a nascent sector. Trading at 15.6% of Monero market cap despite broader utility, Beldex represents a discounted privacy ecosystem bet with higher execution risk.
Fazit
Beldex offers differentiated privacy ecosystem exposure at 15.6% of Monero market cap, combining privacy transactions, messaging, dVPN, and browser into a cohesive stack. The $25M DWF Labs partnership funding Q1 2026 EVM testnet and BeldexAI FHE sidechain creates asymmetric upside if privacy DeFi and privacy AI theses materialize. Recent technical upgrades (Bulletproofs++, BNS domains, sharding roadmap) demonstrate execution capability. However, limited exchange access, 0.89% turnover ratio, and regulatory uncertainty present ongoing risks. Current valuation reflects significant discount to ecosystem potential. Suitable for privacy-focused portfolios with medium risk tolerance and 3-5 year horizon. Recommended 2-4% allocation. Monitor Q1 2025 sharding rollout, Q1 2026 EVM testnet, and exchange listing progress as key validation milestones.
Stärken
- Over 10,000 masternodes securing network with 62.5% block reward distribution, requiring 10,000 BDX stake per node significantly reduces circulating supply and ensures decentralization
- Bulletproofs++ integration (December 7, 2025 via Obscura upgrade) reduces transaction size by 38% compared to original bulletproofs, enhancing scalability and efficiency over base Monero architecture
- Complete privacy ecosystem with BChat messaging, BelNet dVPN with split tunneling (Q2 2025), and Beldex Browser providing sticky utility beyond payment transactions
- $25M DWF Labs partnership (February 2023, renewed October 2025) funding EVM testnet Q1 2026 launch with privacy-preserving smart contracts and BeldexAI development using federated learning and Private Set Intersection for AI-driven anonymity
- BNS domain system (.bdx) launched May 2025 enables human-readable addresses replacing complex wallet strings, with fee-burning mechanism on domain purchases creating deflationary pressure
Risiken
- Privacy coins face increasing regulatory pressure globally, with limited exchange access (KuCoin, Gate.io, Bit2Me) compared to Monero and Zcash broader listings
- Limited market penetration at $670M market cap versus Monero $4.3B and Zcash $5B+, struggles with adoption despite similar privacy technology and broader ecosystem features
- Low trading liquidity with 0.89% turnover ratio (improved from 0.45% pre-2025 listings but still weak), creates high slippage risk on larger orders
- EVM integration and BeldexAI sidechain still in development with Q1 2026 testnet target; execution delays risk missing privacy DeFi first-mover advantage to competitors
- Masternode concentration risk with 10,000 BDX stake requirement (currently $900 per node) and DWF Labs vesting with 697M BDX unlocking over 2 years creates dilution risk that may offset fee-burning mechanics
Kommende Katalysatoren
EVM testnet launch enabling privacy-preserving smart contracts and cross-chain bridges
Zeitrahmen: Q1 2026
BelNet split tunneling and sharding implementation
Zeitrahmen: Q1-Q2 2025
BeldexAI sidechain launch with federated learning and Private Set Intersection
Zeitrahmen: Q2-Q3 2026
Additional tier-1 exchange futures and spot listings following KuCoin success
Zeitrahmen: Q1-Q3 2026
Preisziele
Privacy coin regulatory crackdown accelerates globally, forcing additional exchange delistings beyond current KuCoin/Gate.io/Bit2Me access and cutting liquidity by 70%. EVM testnet delays to H2 2026 cause developer exodus. BeldexAI sidechain fails to gain traction. Masternode rewards insufficient to offset selling pressure from 75.6% circulating supply plus 697M BDX DWF Labs vesting. 55% downside from current $0.090 reflects sector-wide derating and ecosystem development failures.
EVM testnet launches Q1 2026 on schedule, attracting 50-100 privacy dApps to BNS ecosystem. BChat continues user growth trajectory. Masternode network expands to 12,000 nodes, further reducing circulating supply. Sharding implementation Q1 2025 enhances scalability. Additional exchange listing (Bybit or Bitget) improves liquidity moderately. 89% upside reaches analyst median target and reflects successful ecosystem execution without major regulatory headwinds.
Privacy DeFi breakthrough via EVM integration captures meaningful institutional demand for confidential transactions. BeldexAI FHE sidechain captures privacy AI compute market share. BNS domains reach 50,000+ registrations with fee-burning creating supply crunch. Multiple tier-1 futures/spot listings (Bybit, OKX, Bitget) boost liquidity 5-10x. Favorable regulatory clarity on privacy tech as distinct from sanctions evasion. 345% upside approaches 50% of Monero per-token value, justified by broader utility stack.
STRICT-Score
Bewertung: 58/100 | Potenzial: 4x
Verwandte im gleichen Sektor - Privatsphäre
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Haftungsausschluss: Diese Analyse dient nur zu Informationszwecken und sollte nicht als Finanzberatung betrachtet werden. Führen Sie immer Ihre eigene Recherche durch, bevor Sie Anlageentscheidungen treffen. Investitionen in Kryptowährungen sind volatil und mit erheblichen Risiken verbunden.