> For the complete documentation index, see [llms.txt](https://blocktify.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://blocktify.gitbook.io/docs/blocktify-token-btf.md).

# 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 <a href="#id-7.3-gas-fees" id="id-7.3-gas-fees"></a>

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.