Token Economics
Last updated
Last updated
The native token of the BTFCoin ecosystem is christened “BTF Coin” and denoted by the symbol “BTF”. The total initial issuance quantity of BTF was meticulously calculated, factoring in multiple pivotal aspects. In the nascent stage, a significant portion was earmarked to fuel the early ecosystem construction, covering expenses related to technology infrastructure setup, recruitment of top-tier talent in blockchain, AI, and distributed computing domains, and marketing initiatives to create initial awareness and draw in the first wave of adopters.
Concurrently, with an eye on the long-term economic health of the project, a deflationary model was envisioned. This entailed setting a cap on the total supply, with a view that over time, as the ecosystem matures and certain tokens are locked away through mechanisms like staking for network security and resource contribution rewards burn, the scarcity of BTF would gradually increase, thereby potentially augmenting its value. Regarding the decimal precision, BTF is designed with 6 decimal places, which strikes a balance between granularity for micro-transactions and simplicity in value representation, serving as the fundamental medium of exchange within the BTFCoin project’s economic circuitry. It functions as the lifeblood for transactions, be it for trading digital assets on the platform, compensating resource providers for their computational or storage offerings, or as a means to access exclusive services and features within the ecosystem, thereby establishing a consistent value scale that underpins all economic activities.
The distribution of BTF tokens unfolds across several key streams, as illustrated in the following table:
Percentage of Total Supply
Unlocking Rules
Early Contributor Rewards
47%
A vesting schedule has been established with 20% unlocked at the project’s mainnet launch, followed by [7]% in incremental increments thereafter to ensure continued commitment and support from early backers while aligning incentives with the project’s growth trajectory.
Community Building (Airdrops, Incentives)
27%
Airdrops are conducted regularly, with the amount allocated based on user activity indicators. For community incentives, tokens will be issued after verifying the validity and value of contributions, with a monthly rolling management budget to adapt to community needs and growth dynamics.
Technology R&D Reserve
7%
Locked in a multi-signature wallet accessible only to the core technical team. Releases are tied to achieving specific technological milestones, such as successful implementation of a new consensus algorithm upgrade, enhanced AI model accuracy benchmarks, or scalability enhancements in the distributed computing framework, ensuring funds are channeled precisely where needed to drive innovation and maintain technological edge.
Strategic Partner Allocation
19%
Granted to partners under contractual agreements that stipulate mutual obligations and performance metrics. For instance, partners are required to contribute technical expertise, marketing reach, or access to key industry resources. Tokens are unlocked in tranches corresponding to the fulfillment of these contractual deliverables, with clawback provisions in case of non-compliance to safeguard the project’s integrity and fairness of distribution.
BTF Points Earning The BTF Points acquisition is a multi-faceted formula designed to reward diverse forms of valuable contributions. For computing resource providers, the formula is:
For storage resource providers, the equation stands as:
BTF Points Redemption Benefits
When it comes to redeeming BTF Points for benefits, a carefully calibrated economic balance is maintained. For trading fee discounts, the Points consumption gradient is structured such that for a 1% discount on trading fees, BTF Points are deducted per trade, with increasing logarithmically as the discount level rises to ensure that deeper discounts come at a proportionately higher cost in terms of BTF Points expenditure, thereby discouraging excessive discount hoarding and maintaining a sustainable revenue model for the platform’s operations.
Regarding participation in project governance, a threshold of BTF Points is set. This threshold is determined based on the complexity and significance of the governance decisions at hand. For instance, voting on major protocol upgrades or tokenomics adjustments requires a higher Points stake to ensure that only those with a vested interest and significant contribution history have a say, thereby safeguarding the long-term viability and stability of the project while inciting users to actively engage and accumulate Points through legitimate contributions, sparking a Healthy competition within the community to ascend the ranks of influence and decision-making power.
