Name: Blackhole
Brand: Blackhole
SKU: BLACK
Price: 1.197 USD
Availability: InStock

Question 1

What is Blackhole (BLACK)?

Accepted Answer

Blackhole (BLACK) is a cryptocurrency primarily known for its innovative decentralized exchange (DEX) on Avalanche that supports emerging blockchain projects and community involvement in Web3 growth. It incorporates novel tokenomics, including vote-escrow NFTs (veNFTs), a Genesis Pools mechanism for pre-token generation event liquidity, and an open incentive marketplace fostering strategic governance and liquidity incentives. BLACK serves as both a governance token and emission reward within this liquidity-focused ecosystem.

Question 2

What differentiates Blackhole (BLACK) from other tokens?

Accepted Answer

BLACK distinguishes itself through several unique features:

Genesis Pools for Pre-TGE Liquidity: Collaborative liquidity funding before token launch involving both projects and community users.
Dual veNFT Tokenomics: Combines Singularity and Supermassive veNFTs, the latter minted by permanently burning $BLACK tokens, which reduces circulating supply and enhances long-term value.
Modular AMM Architecture: Integration with Algebra Integral allows customizable Automated Market Maker models, surpassing standard AMM flexibility.
Open Incentive Marketplace: Enables partners to incentivize voters weekly to allocate liquidity incentives strategically.
Epoch-Based Emissions with Decay: Structured 7-day epochs balance token emissions with long-term stability, rewarding locked and burned governance tokens.

These elements shape BLACK as a highly community-aligned, liquidity-centric, and customizable tokenomics platform especially attractive for emerging sectors like gaming and AI.

Question 3

What is the utility of Blackhole (BLACK)?

Accepted Answer

The utility of BLACK lies in its role within a decentralized exchange ecosystem that supports liquidity provision, governance, and incentivization mechanisms. Holders can lock their tokens to mint veNFTs, participate in voting on emission distributions, and earn proportional trading fees plus rewards. BLACK powers Genesis Pools that allow early liquidity collaboration, supports multiple customizable AMM models for diverse trading environments, and facilitates an open marketplace enabling projects to dynamically allocate liquidity incentives. Collectively, BLACK is integral to driving community governance, liquidity creation, and yield generation in a transparent and automated ecosystem.

Question 4

What does the Blackhole (BLACK) whitepaper promise?

Accepted Answer

The BLACK whitepaper promises a next-generation decentralized exchange platform designed to enhance community participation in liquidity creation and governance via innovative mechanisms such as Genesis Pools and a dual veNFT tokenomics system. It outlines a modular AMM framework enabling partner customizations, alongside an open incentive marketplace to align liquidity rewards strategically. The protocol emphasizes decentralized governance, epoch-based emissions with decay to encourage long-term alignment, and the integration of multiple AMM models for diverse market needs. Overall, it pledges a flexible, liquidity-focused, and community-driven ecosystem tailored for emerging blockchain projects, emphasizing sustainability and strategic growth.

Question 5

What consensus mechanism does Blackhole (BLACK) use?

Accepted Answer

The Blackhole Protocol uses a Proof of Stake (PoS) consensus mechanism, which supports low environmental impact and enables fast, cost-effective transactions compared to traditional Proof of Work systems.

Question 6

Who created Blackhole and why?

Accepted Answer

Blackhole Protocol was created by project governors and users within the blockchain community to establish a deflationary blockchain environment. It enables decentralized, cross-chain token burning through burning pools, allowing holders of the governance token BLACK and old token liquidity provider tokens to burn old tokens and support the creation of new tokens. This approach aims to reduce circulating supply, increase token scarcity, and facilitate migration of tokens across blockchains such as Ethereum, Polkadot, BSC, Heco, and SOL.

Question 7

When was the Blackhole (BLACK) token created?

Accepted Answer

The BLACKHOLE PROTOCOL originated on the Ethereum network and has since gradually expanded to other blockchains including Polkadot, BSC, Heco, and SOL. Although the exact creation date is not specified in the documents, its all-time high price was recorded on April 30, 2021, indicating its token existence at least since early 2021.

Question 8

How do I use the Blackhole (BLACK) token?

Accepted Answer

You can use the BLACK token within the Blackhole Protocol by participating in decentralized, cross-chain token burning mechanisms. Holding BLACK tokens along with old token liquidity provider (LP) tokens allows you to create burning pools that permanently burn old tokens and convert them into new tokens, contributing to a deflationary ecosystem. Additionally, users can engage with the protocol's decentralized governance through its DAO and utilize its features like staking support (planned) and merchant payment processing (planned) to further participate in the ecosystem.

Question 9

Where do I buy the Blackhole (BLACK) token?

Accepted Answer

The documents do not provide specific information about where to buy the Blackhole (BLACK) token. For purchasing, typically you would use centralized or decentralized exchanges listed on cryptocurrency market platforms, but please consult official Blackhole Protocol resources or verified exchanges for accurate and safe purchasing options.

Question 10

What problem or need does Blackhole aim to address?

Accepted Answer

Blackhole Protocol addresses the need for a decentralized, approval-free, cross-chain burning mechanism that supports a deflationary blockchain environment. It allows users and project governors to create burning pools by holding BLACK tokens and old token liquidity provider (LP) tokens to permanently burn old tokens and facilitate the transition to new tokens. This helps reduce circulating supply, potentially increasing token value, and supports efficient tokenomics in multi-chain ecosystems like Ethereum, Polkadot, BSC, Heco, and SOL. Additionally, it emphasizes user data protection, low environmental impact via its PoS consensus, decentralized governance, and fast transactions.

Question 11

Is the Blackhole (BLACK) open-source, and can I review its code?

Accepted Answer

The provided documents do not contain information regarding the open-source status of the Blackhole (BLACK) cryptocurrency or whether its codebase is publicly available for review.

Question 12

How was the Blackhole (BLACK) token generated?

Accepted Answer

Blackhole Protocol tokens are part of a system involving burning pools where holders of BLACK tokens and old token LP tokens can permanently burn old tokens to create new tokens. The protocol operates on multiple blockchain networks, originally launched on Ethereum and expanded to others like Polkadot, BSC, Heco, and SOL. The tokenomics include a total supply of 21 million coins with an initial premine of 1 million. The token generation involves deflationary mechanisms through burning old tokens to manage and reduce circulating supply.

Question 13

What is the Blackhole (BLACK) transaction speed and scalability?

Accepted Answer

Blackhole Protocol operates on a Proof of Stake (PoS) consensus mechanism, which enables fast and cost-effective transactions compared to traditional Proof of Work systems. This design ensures high transaction speeds and scalability across multiple blockchains, including Ethereum, Polkadot, BSC, Heco, and SOL. The protocol's decentralized and cross-chain burning mechanism supports continuous deflationary processes while maintaining efficient network performance.

Question 14

Is Blackhole (BLACK) environmentally friendly in terms of energy consumption?

Accepted Answer

Blackhole Protocol is environmentally friendly due to its use of a Proof of Stake (PoS) consensus mechanism. PoS significantly reduces energy consumption compared to energy-intensive Proof of Work systems, resulting in a low environmental footprint aligned with the growing emphasis on sustainable blockchain technologies.

Question 15

What is the governance model for Blackhole (BLACK)?

Accepted Answer

The governance model of Blackhole Protocol is decentralized and community-driven. It implements a Decentralized Autonomous Organization (DAO) built atop a tier two Masternodes network, allowing token holders of the governance token BLACK to participate in decision-making processes. This model also features an open incentive marketplace where partners can incentivize votes, aligning liquidity incentives with project strategies through structured voting mechanisms.

Question 16

What are the long-term goals and vision for Blackhole?

Accepted Answer

Blackhole Protocol's long-term vision is to establish a deflationary blockchain ecosystem through an innovative, approval-free decentralized and cross-chain burning protocol that enables the continuous reduction of token supply, enhancing token scarcity and value. The protocol aims to support emerging blockchain projects and user participation across multiple networks, with future developments including staking support, merchant payment processing, and NFT integration to expand utility and ecosystem growth.

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Blackhole Price

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Market Stats

What is Blackhole (BLACK)?

What differentiates Blackhole (BLACK) from other tokens?

What is the utility of Blackhole (BLACK)?

What does the Blackhole (BLACK) whitepaper promise?

What consensus mechanism does Blackhole (BLACK) use?

Who created Blackhole and why?

When was the Blackhole (BLACK) token created?

How do I use the Blackhole (BLACK) token?

Where do I buy the Blackhole (BLACK) token?

What problem or need does Blackhole aim to address?

Is the Blackhole (BLACK) open-source, and can I review its code?

How was the Blackhole (BLACK) token generated?

What is the Blackhole (BLACK) transaction speed and scalability?

Is Blackhole (BLACK) environmentally friendly in terms of energy consumption?

What is the governance model for Blackhole (BLACK)?

What are the long-term goals and vision for Blackhole?

SwissBorg Indicators

Technical Analysis

Exclusive tools

Automate your investment today!

Receive notifications when Blackhole reaches certain prices.

Begin your Borger Journey today with the SwissBorg app!

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