Blackhole Price

Blackhole
BlackholeBLACK

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Market Stats

Name
Price
Price change(24h)
Market cap
Circulating Supply
BLACK

BLACK

Blackhole

N/A

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N/A

N/A

BLACK

BLACK

Blackhole

  • Price

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    Price change(24h)

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    Market cap
    N/A
    Circulating Supply
    N/A Blackhole

What is Blackhole (BLACK)?

Blackhole (BLACK) is the native cryptocurrency of Blackhole, a next-generation ve(3,3) decentralized exchange (DEX) and automated market maker (AMM) built on the Avalanche C-Chain. The protocol is engineered to provide capital-efficient liquidity solutions, sustainable token emissions, and long-term incentive alignment across the Avalanche DeFi ecosystem.

According to the Blackhole documentation, several key features differentiate Blackhole from other tokens and exchanges:

  • Genesis Pools for Pre-TGE Liquidity: A bootstrapping model that enables community members and projects to co-fund liquidity pools before a Token Generation Event (TGE), coupling project tokens directly with community liquidity.
  • Enhanced ve(3,3) Tokenomics with Permanent Burns: Beyond standard time-locks, users and the team can permanently burn $BLACK into Supermassive veNFTs, removing tokens from the circulating supply forever and eliminating future sell pressure.
  • Modular AMM Architecture (Algebra Integral): Utilizes modular plugins across concentrated liquidity, UniV2-style, and stablecoin AMMs, enabling deep customization for specific market-making needs.
  • Specialized Ecosystem Hub: Offers customized liquidity support specifically tailored to emerging Web3 gaming and artificial intelligence projects.

The $BLACK token plays several vital functional roles within the protocol:

  • Liquidity Provider Rewards: Distributed as yield emissions to incentivize liquidity providers staking in protocol gauges.
  • Governance via veNFTs: Can be locked to mint Singularity veNFTs or permanently burned into Supermassive veNFTs (veBLACK), granting holders voting power to direct weekly emissions to specific pools.
  • Fee and Bribe Accrual: Locked and burned token holders earn 100% of trading fees, protocol revenue, and partner incentives (bribes) from their voted pools.
  • Rebase Rewards: veNFT holders receive dynamic rebase bonuses, including a 10% rebase bonus for Supermassive veNFT minters.

Based on the whitepaper summary, Blackhole promises:

  • Sustainable Liquidity Emissions: A decaying emission schedule that maintains ongoing liquidity while preserving long-term token stability.
  • 100% Incentive Pass-Through: Full distribution of protocol trading fees and partner bribe incentives directly to veBLACK voters.
  • Deflationary Value Capture: A permanent token burning mechanism via Supermassive veNFTs to systematically reduce circulating supply and counter dilution.
  • Advanced Market-Making Tools: Integration of diverse AMM models, including concentrated liquidity, classic AMMs, and stable swaps tailored for high capital efficiency.

Users can utilize the $BLACK token in several ways:

  • Providing Liquidity: Deposit supported token pairs into protocol pools and stake the LP tokens in gauges to earn $BLACK emissions.
  • Locking for Singularity veNFTs: Lock $BLACK tokens for up to 4 years to mint a Singularity veNFT, earning proportional veBLACK voting rights and trading fee rewards.
  • Permanent Burning for Supermassive veNFTs: Permanently burn $BLACK tokens to mint Supermassive veNFTs, unlocking non-decaying voting power, enhanced yield rewards, and a 10% rebase bonus.
  • Participating in Weekly Epoch Voting: Use veBLACK voting rights each week to vote on pool gauges and collect 100% of the associated trading fees and partner bribes.

Blackhole can be bought on the SwissBorg app with just a few clicks. Download the app for Android or iOS and exchange cryptos instantly at the best price.

Blackhole addresses key inefficiencies in decentralized finance, including mercenary liquidity, unsustainable token emission models, and post-launch token dump pressure. By incorporating permanent token burns, non-decaying voting power, pre-TGE Genesis Pools, and capital-efficient concentrated liquidity pools, Blackhole aligns long-term incentives between protocol teams, liquidity providers, and token holders.

Blackhole features a two-tier decentralized governance system driven by vote-escrowed NFTs (veBLACK):

  • Singularity veNFTs: Created by locking $BLACK for up to 4 years, providing proportional, decaying voting rights and a share of protocol revenue.
  • Supermassive veNFTs: Minted by permanently burning $BLACK tokens. These grant permanent, non-decaying voting power, enhanced reward distribution, and an additional 10% rebase bonus.

Every week during 7-day epochs, veNFT holders cast votes on pool gauges to allocate upcoming $BLACK emissions, receiving 100% of trading fees and bribes generated by the pools they support. Additionally, all team allocations are burned into Supermassive veNFTs to permanently align team governance with the protocol.

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