BH Network Bites the Dust: Web3 Hub Shuts Down

BH Network Closes After Less Than 5 Years

The crypto landscape can be unforgiving. Be Hero Network (BH Network), a European-compliant Web3 hub, recently announced its closure, highlighting the challenges of operating in the volatile crypto industry. The company offered a Web3 launchpad and an NFT marketplace, among other products, supporting crypto firms on MultiversX and EVM blockchains.

What Happened?

A combination of factors led to the company's demise:

• eGLD Price Decline: A significant drop in the value of MultiversX's native token, eGLD, severely impacted BH Network's liquidity.
• Market Volatility: The broader crypto market's inherent volatility created an unstable environment.
• Intense Competition: The Web3 space is crowded, making it difficult to gain and retain users.
• Bear Market Timing: The listing of BH Network's native token, BHAT, coincided with the prolonged bear market following the Terra (LUNA) crash.
• Premature Product Launches: Some products were launched before the market was ready for them.
• High Operating Costs: Operating in a foreign jurisdiction due to regulatory uncertainty in Romania led to considerable legal expenses. Building complex products also drove up engineering costs.

BH Network's Product Suite

Over its lifespan, BH Network launched several products, including:

• TopIQs: A blockchain-based freelance marketplace.
• BHero: A Web3 launchpad.
• FLIPiX: An NFT marketplace.
• xAudits: Smart contract audit services.
• xAnalyze: A crypto wallet intelligence platform.

Only BHero and xAudits achieved meaningful traction.

xAudits Survives

While most products are being discontinued, xAudits will continue operating under a new company, offering on-demand services.

Airdrop for BHAT and BHAgents NFT Holders

BH Network is offering an airdrop to holders of BHAT tokens and BHAgents NFTs. This involves burning the tokens/NFTs in exchange for USDC (wUSDC on MultiversX):

• 0.00325 wUSDC (MultiversX) for 1 BHAT token
• 5 wUSDC (MultiversX) for 1 BHAgent NFT

The deadline to claim the airdrop is Dec. 15, 2025, 15:00 UTC.

Key Takeaways

• The crypto industry is highly competitive and volatile.
• Liquidity management is crucial for survival.
• Regulatory clarity is essential for reducing operational costs.
• Market timing plays a significant role in the success of token launches.