B3X Token (B3X)

B3X is the utility token of the neobank Bnext which objective is to support the expansion and growth of the company to achieve the goal of leading the fintech sector in Spanish-speaking countries.

The Bnext utility token is developed following the ASA standard of tokens issued on the Algorand blockchain. By so doing, B3X takes advantage of the functionalities of an efficient network, with fast, low-cost transactions and clean carbon emissions.

During the IEO phase, the company's tokens were valued between €0.015-0.02 and 25% of the total B3X Token supply of 3.5 billion tokens was offered through the Bit2Me Launchpad. At the beginning of November 2021, Bnext offered 10% of B3X to private investors, raising 5 million euros. In 2019, it closed the largest Series A of a fintech in Spain, raising 22.5 million euros and reaching more than 300,000 active accounts. It also raised €3 million in a crowdfunding campaign for its customer community, which broke the previous record by raising €1M in 1 hour.