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:
70% BTF to Validators
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.
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