Blackhole PriceBLACK

What is Blackhole (BLACK)?

Blackhole (BLACK) is a next-generation decentralized exchange (DEX) built on the Avalanche C-Chain, designed to deliver deep liquidity, sustainable emissions, and long-term incentive alignment across the DeFi ecosystem. At its core, the protocol leverages an enhanced ve(3,3) tokenomics model that combines dynamic governance, emissions-based rewards, and advanced automated market maker (AMM) infrastructure to provide capital-efficient liquidity solutions.

The native token, $BLACK, powers the entire system. It is used for emission rewards to liquidity providers, locking into vote-escrowed NFTs (veNFTs) to gain governance rights and rewards, staking to earn protocol revenue and bribes, and perma-locking to mint special Supermassive veNFTs with non-decaying voting power. BLACK launched in July 2025 on the Avalanche C-Chain. The total supply of BLACK is 312,311,077 tokens (per CoinMarketCap registry data), with a self-reported circulating supply of 295.82M BLACK (per CoinMarketCap); under CoinMarketCap's registry data, circulating supply is shown as 0, reflecting a different reporting basis. The project continues to expand its DEX infrastructure and governance features.

Key Specifications & Tokenomics

• Name: Blackhole
• Symbol / Ticker: BLACK
• Blockchain / Network: Avalanche C-Chain
• Category / Tags: Avalanche Ecosystem
• Explorer: snowscan.xyz
• Contract Address (Avalanche C-Chain): 0xcd94a87696FAC69Edae3a70fE5725307Ae1c43f6
• Launch Date: 2025-07-15
• CoinMarketCap Listing Date: 2025-07-17
• Security: audit status and audit reports are published via the project's official documentation (docs.blackhole.xyz).
• CMC Ranking: #4610 (CoinMarketCap, as of 2026-10-23)
• Total Supply: 312,311,077 BLACK
• Self-reported Circulating Supply: 295.82M BLACK (per CoinMarketCap)
• Max Supply: Uncapped. BLACK has no hard supply cap; new tokens are issued through the protocol's emission schedule, while a built-in burn mechanism (including permanent burns into Supermassive veNFTs) removes tokens from circulation over time.
• FDV: $1,056,771 (CoinMarketCap, as of 2026-10-23)
• Tokenomics Model: Enhanced ve(3,3) model
• Emission Phases: Four emission phases including early growth and inflation stages
• Holders: 17.84K (CoinMarketCap, as of 2026-10-23)

Who created Blackhole?

Public project listings identify Elliot Wainman as a co-founder of Blackhole; the project's official documentation does not publish a full team page. The same listings also associate Justin Blau, Co-Founder at Royal, and Ivan Liljeqvist, Founder & CEO at Moralis, alongside the Blackhole project, along with an individual identified as Peter. A YouTube tutorial video frames Blackhole as a project associated with Alex Becker and Ellio Trades; this association is not confirmed in the project's official documentation. Public listings describe Blackhole DEX as developed by SuperVerse and supported by the Avalanche Foundation; this has not been confirmed in the project's official documentation (docs.blackhole.xyz).

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 the pools they voted for, 100% of bribes and partner incentives from those pools, and rebase rewards based on emission dynamics.

The protocol features multiple AMM types: variable AMMs for volatile assets, stable AMMs for correlated pairs such as stablecoins, and concentrated liquidity pools for precision market-making. Liquidity providers can earn higher fees by focusing capital around specific 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 begin receiving emissions from epoch one.

What makes Blackhole unique and valuable?

Blackhole distinguishes itself through a dual veNFT system that offers both flexible and permanent locking options for long-term governance. The Singularity veNFT allows users to lock $BLACK for up to four years to earn veBLACK and gain proportional voting power and protocol revenue. The Supermassive veNFT is created by permanently burning $BLACK tokens, granting enhanced rewards, non-decaying voting power, and a 10% rebase bonus. All team tokens are permanently burned into Supermassive veNFTs and removed from circulation, which reduces — but does not eliminate — potential sell pressure from team allocations.

Another key differentiator is the dynamic emissions model, which spans four emission phases including early growth and inflation stages, designed to balance incentives over time. The combination of variable AMMs, stable AMMs, and concentrated liquidity pools provides capital-efficient liquidity solutions tailored to different asset types, making the protocol adaptable and attractive for a wide range of DeFi participants.

What is Blackhole used for?

The $BLACK token serves multiple core functions within the ecosystem. It is used for emission rewards distributed to liquidity providers, locking into veNFTs to gain governance rights and a share of protocol rewards, staking to earn protocol revenue and bribes, and perma-locking to mint special Supermassive veNFTs with non-decaying voting power. Additionally, veNFT holders participate in weekly gauge voting to direct emissions to specific liquidity pools, earning trading fees and bribes in return. The token is also integral to the Genesis Pools bootstrapping mechanism, where new projects can launch liquidity and participants receive LP tokens and emissions from the first epoch.

How Is the Blackhole ecosystem developing?

The Blackhole ecosystem is centered around the Blackhole DEX on Avalanche C-Chain, which public listings describe as being developed by SuperVerse and supported by the Avalanche Foundation. The ecosystem includes Genesis Pools for capital-efficient project bootstrapping, weekly gauge voting for emission allocation, and the veNFT system with Singularity and Supermassive tiers. A Blackhole DEX Testnet Campaign has been conducted, with a full guide available on YouTube. BLACK launched on 2025-07-15 and was listed on CoinMarketCap on 2025-07-17. The project continues to expand its governance and liquidity infrastructure. Community engagement is active through social channels listed on CoinMarketCap.

How to mine Blackhole?

Blackhole does not use traditional mining. Instead, participants can acquire $BLACK through liquidity provision, staking, and governance participation. Liquidity providers can stake their LP tokens to access emissions, while users can lock $BLACK into veNFTs to earn voting power, protocol revenue, and bribes. Perma-locking $BLACK to mint Supermassive veNFTs offers enhanced rewards and non-decaying voting power. Additionally, new projects can launch liquidity through Genesis Pools, where participants contribute at fixed prices and automatically stake to receive LP tokens and emissions from epoch one. These mechanisms replace mining with incentive-driven participation.

How to keep your Blackhole Coin safe?

To keep your BLACK tokens safe, always use official and reputable wallets that support Avalanche C-Chain assets. Store your private keys securely offline and never share them with anyone. When interacting with the Blackhole DEX or any DeFi protocol, verify the official contract address (0xcd94a87696FAC69Edae3a70fE5725307Ae1c43f6) and website through trusted sources such as CoinMarketCap. Be cautious of phishing links and fake tokens, especially given the existence of similarly named projects like BLACKHOLE PROTOCOL on Ethereum, Black Hole on Solana, and BLACK HOLE (BLKH) on Base. Use hardware wallets for large holdings, enable two-factor authentication where possible, and regularly review your approvals to revoke unnecessary permissions. Remember that crypto is highly volatile, and you should always do your own research before making any investment decisions.