Blackhole is a next-generation ve3,3 decentralized exchange (DEX) built on the Avalanche C-Chain, optimized for deep liquidity, sustainable emissions, and long-term incentive alignment. At its core, Blackhole leverages an enhanced ve(3,3) tokenomics model, combining dynamic governance, emissions-based rewards, and advanced automated market maker (AMM) infrastructure to deliver capital-efficient liquidity solutions.
The native token of the protocol, $BLACK, is used for:
Emission rewards to liquidity providers
Locking into veNFTs to gain governance rights and rewards
Staking to earn protocol revenue and bribes
Perma-locking to mint special Supermassive veNFTs with non-decaying power
Blackhole’s unique two-tier governance system revolves around veBLACK vote-escrowed NFTs minted by locking $BLACK tokens. Users can choose between two types:
Singularity veNFT: Users lock $BLACK for up to 4 years to earn veBLACK, gaining proportional voting power and protocol revenue.
Supermassive veNFT: Created by permanently burning $BLACK tokens. These NFTs receive enhanced rewards, non-decaying voting power, and a 10% rebase bonus. All team tokens are burned into Supermassive veNFTs, eliminating future sell pressure.
How Does Blackhole Work?
Blackhole’s incentive engine operates in epochs. Each week, veNFT holders vote on “gauges” that determine which liquidity pools receive $BLACK emissions. In return, voters earn:
A share of trading fees from voted pools
100% of bribes and partner incentives from those pools
Rebase rewards based on emission dynamics
The protocol features variable AMMs for volatile assets, stable AMMs for correlated pairs like stablecoins, and concentrated liquidity pools for precision market-making. LPs can earn higher fees by focusing capital around price ranges and staking to access emissions.
New projects can launch liquidity via Genesis Pools, a capital-efficient bootstrapping system with fixed price contributions and auto-staking. Genesis participants earn LP tokens and start receiving emissions in the next epoch.
Where is Blackhole available for purchase?
You can exchange BLACK tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Blackhole is LBank, notably the BLACK/USDT pair, which saw a trading volume of $ 1,04 MLN. in the past day. Additionally, Blackhole V3 and KCEX are popular alternatives for trading tokens.
What is the highest value Blackhole (BLACK) has ever reached?
Blackhole (BLACK) reached its peak price at 1.52 $ on 18 July 2025, approximately a month ago ago. Presently, the current price is -73.61% lower than this all-time high.
What is the historical minimum price for Blackhole (BLACK)?
The minimum price reached for Blackhole (BLACK) was 0.3963 $, documented on 18 August 2025, more than 6 hours ago. In comparison, the current price is 1.19%, it above this historical low.
What is the fully diluted valuation of Blackhole (BLACK)?
The fully diluted valuation (FDV) of Blackhole (BLACK) stands at $ 54,73 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of BLACK tokens. The realization of this FDV might take several years depending on the emission schedule of BLACK tokens.