🔒 Beldex (BDX): The Next Big Privacy Coin

I have received comments that people want an analysis of Beldex $BDX.X ( ▼ 1.68% ) and I must sincerely apologize for taking so long to write an article to analyze it in detail. Without wasting everyone’s time, let’s see if this is truly a ‘to the moon’ project in crypto.

⭐ Project Overview: What is Beldex (BDX)?

Beldex, with its native token $BDX.X ( ▼ 1.68% ) , positions itself as a privacy coin designed to protect users’ financial transactions from surveillance and tracking. In today’s blockchain world where most transactions are transparent and publicly visible, Beldex takes the opposite stance: it offers full confidentiality by default.

Think of it as the “next-generation Monero” but with additional usability features. Unlike Bitcoin or Ethereum, where anyone can trace wallet activity, Beldex ensures anonymity for senders, receivers, and transaction amounts.

Key Features of Beldex

• Privacy-first design: All transactions are shielded using cryptographic techniques, making them untraceable.

• Staking-enabled: Users can stake BDX to secure the network and earn passive rewards, creating a built-in incentive for long-term holding.

• Scalability improvements: The Beldex blockchain has been designed to overcome older privacy coins’ limitations, targeting faster transaction confirmation.

• BChat & Beldex Browser: The project isn’t just about payments. It’s building private dApps, including a decentralized chat (BChat) and a privacy-focused browser.

• BelNet (Decentralized VPN): A core privacy tool that masks IP addresses through onion routing and decentralized nodes, eliminating central points of failure. It offers confidential browsing without compromising speed or stability.

Target Market and Use Cases

The demand for privacy coins has always come from individuals and institutions that value confidentiality. Beldex specifically targets:

• Everyday crypto users who don’t want their financial data exposed on-chain.

• Businesses seeking confidential payments without leaving audit trails for competitors.

• Developers building on privacy infrastructure like BChat or the privacy browser.

• Emerging markets where surveillance and censorship are strong - a natural growth ground for privacy-first solutions.

At its core, BDX is building a privacy ecosystem.

👥 Fundamental Analysis (FA): How Strong is BDX?

Team & Backers

When you look at the Beldex team, the first thing that comes to mind is transparency—or rather, the lack of it. Profiles look incomplete, faces are missing, LinkedIn pages are half-done. It feels like there’s something being held back.

Most of the leadership, including the Chairman, is based in Malaysia. Advisors in the U.S. stand out as more professional, but the core team leaves questions unanswered. If you’re looking for polished presentation, you won’t find it here.

Technology: Blockchain Design & Privacy Features

The Beldex blockchain combines ring signatures, stealth addresses, and confidential transactions, much like Monero, to obfuscate transaction data. Its roadmap hints at integrating zk-proofs (zero-knowledge proofs) for scalability and efficiency, which could make it more competitive in the privacy space.

Scalability is a core differentiator. Unlike older privacy networks that slowed down under load, Beldex aims for a faster, lighter design, allowing real-world adoption without the same trade-offs.

Tokenomics: Supply, Distribution & Staking

Beldex (BDX) has a total supply of 9.9 billion tokens, with about 7.34 billion BDX now in circulation. The largest share, 36.1%, is locked in ecosystem development funds and released quarterly to support products like BChat and BelNet. 10% is reserved for seed and VC sales, still untouched, while the team’s 6% allocation remains locked until Dec 2023 with an 18-month vesting. Marketing holds 7% of supply, partially spent on awareness and listings, alongside smaller allocations for liquidity (2%), early adopters (1%), and legal operations (0.5%). This structured vesting model helps limit sudden inflation and ensures this privacy coin releases align with ecosystem growth.

The team allocation accounts for 6% of the total supply (594 million BDX) and has been locked for two years since the PoS mainnet launch on December 10, 2021. These tokens started unlocking on December 10, 2023, with an 18-month linear vesting schedule, meaning the full amount will be available by mid-2025.

This creates a double-edged scenario: on one hand, there is a potential sell-side pressure as tokens gradually enter circulation, especially if BDX sees strong price appreciation. On the other hand, the long lockup and extended vesting show that the team is committed to the project’s long-term growth, rather than seeking quick exits. End-2025 thus becomes a critical milestone for investors to watch, as the market will change dramatically.

Exchanges & Community

Exchanges: BDX is now listed on multiple major platforms, and is present on CoinMarketCap and Coingecko. Top exchanges also include KuCoin, Gate.io, MEXC, CoinEx, and several regional venues

Community growth for Beldex on Telegram looks weak during this period.

If you pay close attention, you’ll notice that new members joining the group are very few, sometimes just a handful per day, sometimes none at all. While the group boasts over 26,000 members, only 6–10 people are actively engaging on a regular basis.

Looking at the subscriber growth chart, it’s hard to ignore the possibility that many of these numbers were added in the past through purchased subscribers, while genuine users remain a very small minority

Engagement within the group also seems to come mostly from Indian users, and much of it consists of complaints about the airdrop program or issues with installing the application in India region…

On X (Twitter), the story isn’t much better. Most of the comments, views, and retweets look artificially boosted, rather than showing organic interest from real investors. In fact, the only interactions that seem authentic are the occasional “Scam project” comments, which, ironically, may be the truest feedback the project is getting.

📊 Technical Analysis (TA): BDX Market Signals

On the daily timeframe, BDX appears to be forming a solid upward trend. The most notable signal was when price successfully broke through the resistance zone at $0.0824–$0.0859, which triggered stronger bullish momentum. This breakout shifted market sentiment and reinforced the view that BDX may be entering a new growth phase.

At the same time, the project’s market capitalization has been steadily climbing and is now approaching the $700M MC. This suggests significant capital inflows into BDX, with momentum pointing to further increases if current trends continue. The overall chart structure supports this bullish outlook, showing that the project has a clear upward trajectory.

However, digging deeper into the historical price action from March to August 2024, there’s something unusual. The candlesticks in this period often had long wicks on both sides, a sign of aggressive entry and exit rather than steady investor accumulation. This pattern hints that much of the activity may have been driven by short-term traders, money flowing in quickly and leaving just as fast, rather than long-term holders building positions.

Even more concerning is that this behavior hasn’t disappeared. Recent price candles still show sharp wicks with limited corrections, suggesting that price is being pushed up aggressively without the healthy pullbacks usually seen in sustainable growth phases.

The lack of transparent volume data makes it harder to confirm whether this move is truly organic.

Looking at the distribution of holders raises further questions. Despite a market cap nearing $700M, BDX reportedly has only around 1,000 holders.

In comparison, a smaller-cap project like $STBL.X ( ▲ 0.62% ) from Tether, with just $200M in market cap, already has over 13,000 holders.

Looking at the bigger picture, the market cap of Beldex keeps climbing significantly, but the actual flow of new investors into the project community is minimal, just a few dozen per month, and holders are too small compared to market cap.

Sentiment analysis

Beldex (BDX) is currently very bullish. Both the oscillators and moving averages point toward a buy signal, with the overall summary showing a strong buy. This suggests strong upward momentum in the short term, supported by technical indicators. While the sentiment is clearly positive, traders should remain cautious.

While the overall market is showing signs of fatigue, reflected by the Fear & Greed Index sitting at 41, down from 51 last week. Beldex (BDX) stands out with unusually strong and persistent buying signals.

This divergence suggests that BDX’s bullish trend may not simply reflect organic adoption, but rather concentrated capital flows or directional manipulation keeping the token in a prolonged state of optimism.

All the mismatch suggests that the capital behind BDX could be highly concentrated, possibly controlled by a small group of investors or even a single entity. BDX’s rally might be artificially fueled to generate FOMO. This concentration risk is critical to monitor, since it could impact both liquidity and price stability in the future.

💡 Entry Point and Target Price

For long-term holders, BDX does not look like a strong investment at this point. The project still suffers from a lack of transparency, with incomplete information and major gaps around its community and its privacy coin distribution.

Yes, the chart shows a clear upward trend, but the fundamentals don’t match the price action. The sharp contrast between its high market cap and the very limited number of holders is a red flag that undermines long-term confidence.

However, if you’re willing to take on this risk and are actively looking for an opportunity in short term, here are my suggestions.

Right now, the RSI is sitting near 70, which places BDX in the overbought zone. At the same time, recent candlesticks show minor pullbacks, hinting that the price may face a short correction before attempting another upward move.

For that reason, I recommend waiting for 1–2 more candles to confirm stability before entering.

Entry Point (EP): 

• EP 01: $0.087

• Ep 02: $0.090

Stop Loss (SL): $0.078

Target Price (TP): 

• TP 01: $0.103

• TP 02: $0.14

• TP 03: $0.16

• TP 04: $0.19

In terms of risk management, the same principle I’ve highlighted in my Moonshot Hunting series applies here: Never allocate more than 5–10% of your portfolio into any single asset outside of major cryptocurrencies. Diversification remains critical, especially when dealing with mid-cap privacy coins like BDX that carry higher risks.

While BDX does have the potential for short-term gains, the upside in the short-term period appears limited (1.6x), and this comes with significant risks tied to tokenomics, liquidity concentration, and transparency issues. Investors should weigh the possible short-term profits carefully against the long-term uncertainties before making a decision.

This profit is not worth the big risk you take!