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BSXA New Chapter: BSX Joins RISE Labs to Build the Future of Onchain Trading
Announcing the BSX DEX wind down plan, the sunset of the BSX token, and the upcoming RISE token airdrop for all BSX holders. We are thrilled to announce a landmark moment for our community: BSX Labs has been acquired by RISE Labs. Our team and cutting-edge technology are integrating into the RISE ecosystem to accelerate the next era of onchain trading infrastructure. This milestone propels our shared vision forward, to build the first fully onchain, synchronously composable orderbook primitiv...
BSXBSX Season 3 - The Road to TGE and Beyond!
Recap: September 2nd marks the end of Season 2. Since its start, BSX trading volume has more than doubled to $4.3 billion, and our trader base has quadrupled to 14,000 users. We also announced the total 6.2M raise for pre-seed and seed round, led by Blockchain Capital with earlier investment from Base Ecosystem Fund. We are committed to build the core DeFi protocol for derivatives trading and beyond on top of Base. During this period, the BSX protocol generated over $1 million in revenue and ...
BSXBSX Security Incident: Root Cause Analysis & Post-Mortem
I. BSX Platform Security Update and Response to Recent IncidentBSX is committed to the security of our platform and the trust of our users. We are providing an update on a recent security incident that affected a specific component of our ecosystem. Our team, in collaboration with our external security partner ZeroShadow, has conducted an initial investigation and taken decisive action.II. Incident OverviewThe incident involved a sophisticated exploit targeting a specific aspect of the token ...
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BSXA New Chapter: BSX Joins RISE Labs to Build the Future of Onchain Trading
Announcing the BSX DEX wind down plan, the sunset of the BSX token, and the upcoming RISE token airdrop for all BSX holders. We are thrilled to announce a landmark moment for our community: BSX Labs has been acquired by RISE Labs. Our team and cutting-edge technology are integrating into the RISE ecosystem to accelerate the next era of onchain trading infrastructure. This milestone propels our shared vision forward, to build the first fully onchain, synchronously composable orderbook primitiv...
BSXBSX Season 3 - The Road to TGE and Beyond!
Recap: September 2nd marks the end of Season 2. Since its start, BSX trading volume has more than doubled to $4.3 billion, and our trader base has quadrupled to 14,000 users. We also announced the total 6.2M raise for pre-seed and seed round, led by Blockchain Capital with earlier investment from Base Ecosystem Fund. We are committed to build the core DeFi protocol for derivatives trading and beyond on top of Base. During this period, the BSX protocol generated over $1 million in revenue and ...
BSXBSX Security Incident: Root Cause Analysis & Post-Mortem
I. BSX Platform Security Update and Response to Recent IncidentBSX is committed to the security of our platform and the trust of our users. We are providing an update on a recent security incident that affected a specific component of our ecosystem. Our team, in collaboration with our external security partner ZeroShadow, has conducted an initial investigation and taken decisive action.II. Incident OverviewThe incident involved a sophisticated exploit targeting a specific aspect of the token ...
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March 1, 2025
BSX Exchange is burning 2,000,000 unclaimed $BSX tokens from our initial airdrop. This step reduces the total supply and reinforces our commitment to a strong, focused DeFi trading ecosystem on Base. Here’s what’s happening and why it matters.
We launched the $BSX Token Generation Event (TGE) on January 16, 2025, with a 10% airdrop—100,000,000 $BSX—aimed at active traders and early supporters. To claim, users had to connect a Base wallet and act by February 22, 2025. ~4,000,000 $BSX remained after filtering out ineligible or suspicious accounts.
Instead of reallocating the full amount to the rewards treasury as initially planned, we are burning 2,000,000 unclaimed tokens—half of the unclaimed total. This reduces the total supply from 1,000,000,000 to 998,000,000 $BSX, effective March 3, 2025. The burn transaction will be trackable on the Base explorer once completed.
Burning unclaimed tokens keeps our ecosystem lean:
Fewer Tokens, Stronger Focus: Reducing supply rewards active users—traders, stakers, and depositors—who drive BSX forward.
Supports $BSX Value: Less $BSX in circulation aligns supply with demand, especially as more [redacted] products gain traction.
Fairness: Unclaimed tokens shouldn’t linger. Burning them ensures the airdrop benefits those who engaged, not dormant wallets.
This burn is part of our ongoing efforts to deliver value to BSX token holders. We will continue executing strategic token burns and buyback programs, alongside launching new products to expand utility and strengthen the BSX ecosystem.
Thanks for being part of BSX journey. Questions? Please reach out to our support team.
March 1, 2025
BSX Exchange is burning 2,000,000 unclaimed $BSX tokens from our initial airdrop. This step reduces the total supply and reinforces our commitment to a strong, focused DeFi trading ecosystem on Base. Here’s what’s happening and why it matters.
We launched the $BSX Token Generation Event (TGE) on January 16, 2025, with a 10% airdrop—100,000,000 $BSX—aimed at active traders and early supporters. To claim, users had to connect a Base wallet and act by February 22, 2025. ~4,000,000 $BSX remained after filtering out ineligible or suspicious accounts.
Instead of reallocating the full amount to the rewards treasury as initially planned, we are burning 2,000,000 unclaimed tokens—half of the unclaimed total. This reduces the total supply from 1,000,000,000 to 998,000,000 $BSX, effective March 3, 2025. The burn transaction will be trackable on the Base explorer once completed.
Burning unclaimed tokens keeps our ecosystem lean:
Fewer Tokens, Stronger Focus: Reducing supply rewards active users—traders, stakers, and depositors—who drive BSX forward.
Supports $BSX Value: Less $BSX in circulation aligns supply with demand, especially as more [redacted] products gain traction.
Fairness: Unclaimed tokens shouldn’t linger. Burning them ensures the airdrop benefits those who engaged, not dormant wallets.
This burn is part of our ongoing efforts to deliver value to BSX token holders. We will continue executing strategic token burns and buyback programs, alongside launching new products to expand utility and strengthen the BSX ecosystem.
Thanks for being part of BSX journey. Questions? Please reach out to our support team.
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