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.

The Background

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.

Why Burn $BSX?

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.

Looking Ahead

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.