BCNEX gave bounty hunters an option to exchange BCNX tokens earned from bounty for XRP. Now, you cant get BCNX back. You can convert it back. I think thats BCNEX team decision to prevent dumping once listed.
The opportunity given to swap Bcnex tokens to XRP was actually given to the participants of the earned programme which is similar to airdrops and not the bounty hunters. Bcnx is yet to be distributed to the bounty hunters because the bounty is still ongoing and tokens are yet to be distributed.
Bcnex swap programs has been going very well and I guess those who are willing to swap their bcnx for xrp has completely done that, I'll like to know if the swap arrangement would be available for bounty hunters after the tokens is distributed, because the bounty would be over by this weekend and distribution should commence by next week or at best next month ending.
Yes, almost all bounty hunter dumps tokens at the time of listing, so by giving them opportunity to swap their tokens with XRP, they kind of put a limit to dumping of tokens