Blocktify Token (BTF)

The Blocktify Token (BTF) is both the governance and gas coin of the Blocktify Protocol.

BTF is both inflationary and deflationary.

  • Inflationary: A BTF reward is issued to Validators for each new block.

  • Deflationary: 30% of every gas fee (paid as BTF) is burned.

At TGE, there will be 1,000,000,000 BTF total supply, allocated as follows:

  • 50% - Ecosystem Development (e.g. user rewards, developer grants, etc.)

  • 25% - Project Development (e.g. marketing, developer costs, etc.)

  • 9% - Foundation Allocation

  • 10% - Private Allocation

  • 5% - Public Allocation

  • 1% - Airdrop

However, circulating supply at TGE will be 82,500,000 BTF (8.25% of total supply).

Gas Fees

The gas fees (denominated in BTF) within each validated block on Blocktify are distributed as follows:

  1. 70% BTF to Validators

  2. 30% BTF Burned

Users who stake to receive feeless transactions receive their eligible gas costs back within 24 hours, from a pool separate to the above.

PreviousQuota SystemNextRoadmap

Last updated