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What is DeBox (BOX)?

DeBox basic info

Name:DeBox
Ticker:
Introduction:

What is DeBox (BOX)?

DeBox (BOX) is an advanced social platform designed for the Web3 era, leveraging Decentralized Identity (DID) technology. It’s built within the Ethereum ecosystem and incorporates additional technologies like Layer2 and the Cosmos Inter-Blockchain Communication (IBC) protocol. If you’re familiar with WeChat, DeBox aims to be its Web3 equivalent, providing a similar experience but with enhanced security and privacy features inherent to blockchain technology.

The platform offers a range of functionalities including one-on-one and group chats, DAO management, and asset handling. It’s especially suitable for managing KOL fan groups and other communities where access can be controlled and monetized.

Who Created DeBox (BOX)?

DeBox was founded by Blackiron, a company that began developing the platform in 2021. The Chief Operating Officer (COO) of DeBox is Fang Kuai, who has experience working with humanDAO, a global decentralized autonomous community that integrates Play-to-Earn mechanics. The management team, with a background in major tech companies like Alibaba, is currently based in Singapore. However, the founders have chosen to remain anonymous, with only the COO’s LinkedIn profile available to the public.

What VCs Back DeBox (BOX)?

DeBox has attracted significant attention from venture capitalists, reflecting its potential in the Web3 space. The platform has completed five rounds of financing. Notably, it secured 2 million in seed funding on January 9, 2023. In subsequent strategic rounds, DeBox received additional investments from notable firms including DWF Labs and OKX Ventures.

How DeBox (BOX) Works

DeBox is designed to tackle several pressing issues in the digital and crypto communities:

Bots and Scams: The platform addresses the rampant problem of bots and phishing links that plague social media and crypto forums. By using DID and advanced identification algorithms, DeBox minimizes the impact of malicious actors.

Centralized Control in DAOs: Traditional DAOs often face criticism for centralized control, where a small group of individuals or entities holds significant power. DeBox aims to democratize DAO governance by involving community members in decision-making and ensuring that asset management is more transparent and decentralized.

DeBox operates on a foundation of decentralized identity, which is a significant departure from traditional centralized systems. Here’s how it works:

1. Decentralized Identity (DID)

DID technology is at the core of DeBox. Unlike traditional systems where identities are managed by central authorities, DID allows users to control their own identities on the blockchain. This enhances privacy and security, as personal data is not stored in a centralized database but rather in a decentralized manner.

2. Integration with Ethereum and Layer2

DeBox is built on the Ethereum blockchain, leveraging its robust infrastructure for dApps. It also utilizes Ethereum Layer2 solutions, which help in scaling and improving transaction speeds. Additionally, the platform incorporates the Cosmos IBC protocol, allowing it to interact with other blockchains seamlessly.

3. Box Feature

One of the standout features of DeBox is its “Box” functionality. Each Box is a digital asset that can be used in various ways. For instance, it can function as an entry ticket to exclusive groups or be used for managing DAO assets. The Box has a fixed floor price of 0.01 ETH during the presale stage to ensure that users are protected from significant losses. During the public sale, users can trade these Boxes, with a transaction fee of 10% distributed between the creator, holder, and platform.

4. Community and DAO Management

DeBox enhances community management through its DAO capabilities. DAOs are decentralized organizations governed by their members. In DeBox, DAOs can manage group assets and make decisions through proposals. The platform uses DID to verify the identity and eligibility of members, ensuring that only those who meet specific criteria can participate. This helps in reducing the risk of malicious activities and spam.

5. Combating Phishing and Bots

The platform addresses issues like phishing and bots by implementing advanced identification algorithms and community governance principles. For example, if an account is reported by multiple groups, it may face a mute period to curb spam. Additionally, NFT holders on the platform have the authority to judge and vote on reported content, ensuring that the community plays a significant role in maintaining the platform’s integrity.

BOX Goes Live on Bitget

DeBox is carving out a niche in the Web3 world by offering a comprehensive social platform that leverages decentralized identity and advanced blockchain technologies. Its innovative features and commitment to security and privacy make it a noteworthy addition to the digital landscape.

BOX is the native token of DeBox. As a versatile asset, BOX plays a crucial role in various aspects of DeBox, including payments for game items, premium features, and more. It also offers opportunities for staking rewards, lending through the DeLend protocol, and participation in governance decisions. With a deflationary model that reduces total supply based on ecosystem activity, BOX is designed to provide long-term value.

Don't miss out - trade BOX on Bitget today and become a part of the future of decentralized social platforms.

BOX on Bitget PoolX

BOX will be a part of Bitget PoolX, a platform for users to earn new tokens for free on an hourly basis. Join now to get the best out of it!

Lock SOL to get BOX airdrop: Users can lock up to 400 SOL in Bitget PoolX to earn from a 1,400,000 BOX pool, from 16 September, 12:00 – 26 September, 12:00 (UTC)

To use Bitget PoolX, follow these simple steps:

Step 1 - Coin Locking: Begin by selecting a pool from the available options. Choose the cryptocurrency you want to lock and the duration of your locking period. Once selected, confirm your amount to join the pool.

Step 2 - Coin Distribution: After locking your coins, you'll automatically grab a share of the prize pool based on the proportion of your locked amount compared to the total pool amount. Airdrops are distributed hourly, so you can expect to see your earnings accumulate over time.

Step 3 - Results Display: Keep track of your rewards by checking the 'PoolX History.' Here, you can view the distribution of airdrops and monitor your locking progress.

Lock SOL to Get BOX now!

How to Trade BOX on Bitget

Listing time: September 16, 2024

Step 1: Go to BOXUSDT spot trading page

Step 2: Enter the amount and the type of order, then click Buy/Sell

Trade BOX on Bitget now!

Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

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Current price:
All-time high:$0.2000
All-time low:$0.01200

BOX supply and tokenomics

Circulating supply:-- BOX
Total supply:-- BOX
Max supply:0 BOX
Market cap:--
Fully diluted market cap:--

Links

Buy DeBox for $1Buy BOX now

What is the development prospect and future value of BOX?

The market value of BOX currently stands at --, and its market ranking is #999999. The value of BOX is not widely recognized by the market. When the bull market comes, the market value of BOX may have great growth potential.

As a new type of currency with innovative technology and unique use cases, BOX has broad market potential and significant room for development. The distinctiveness and appeal of BOX may attract the interest of specific groups, thereby driving up its market value.

What will the price of BOX be in 2025?
Based on BOX's historical price performance prediction model, the price of BOX is projected to reach $0.00 in 2025.
What will the price of BOX be in 2030?
In 2030, the BOX price is expected to change by +44.00%. By the end of 2030, the BOX price is projected to reach $0.00, with a cumulative ROI of -100.00%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of BOX and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is BOX worth investing or holding? How to buy BOX from a crypto exchange?

If you want to buy BOX, the following information may be helpful for your investment decisions:
In the last 7 days, the price of BOX has fallen by undefined%, leading to negative returns for most BOX investors. The market is currently pessimistic about the price trend of BOX.
It is important to note that the current price of BOX has retreated by -86.39% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether BOX is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in BOX or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of BOX, if you want to buy or sell BOX, you can consider Bitget for your trading needs. The best place to buy BOX is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in DeBox has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy DeBox. Here's a step-by-step guide on how to buy DeBox on Bitget.

How to get DeBox through other methods?

Using cash to buy DeBox is not the only way to obtain DeBox. If you have the time to spare, you can get DeBox for free.
Learn how to earn DeBox for free through the Learn2Earn promotion.
Earn free DeBox by inviting friends to join Bitget's Assist2Earn promotion.
Receive free DeBox airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to DeBox through Bitget Convert, Bitget Swap, or spot trading.

What is DeBox used for and how to use DeBox?

The use case of DeBox may expand as the crypto market and the project itself develop. Currently, you can use BOX to achieve the following goals:
Arbitrage by trading BOX: Since BOX is a frequently traded cryptocurrency, the price of BOX is always fluctuating. Earn more BOX by buying low and selling high on the exchange. Bitget spot market provides a variety of BOX trading pairs to fully meet your needs.
Earn by staking BOX: You can also generate income through financial management methods such as staking BOX or lending BOX. Bitget Earn offers a variety of financial products designed to help you earn more income from your BOX.
Send or pay BOX: If you want to give BOX to your friends, a charity, or a fundraiser, or you want to pay someone with BOX, you can quickly and easily send BOX to the recipient through their payment address.
You can also go to the official website of the DeBox project to learn more about the use cases of BOX. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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