5. As a platform token, what are the differences and strengths of $BIB in comparison to other to
$BIB is distinctive in terms of functionality and application. Besides the common applications of platform tokens (IEO whitelist, discounts on trading fee, etc.), $BIB is extremely useful in BIB Meta ecosystem as it:
Mints NFT through burning $BIB - Exclusive deflationary mechanism supports profits from platform token and NFT
Endows NFT with value and liquidity - Support on values is provided
Pays token dividends - $BIB holders get to enjoy dividends in BUSD
Allows staking - $BIB holders get to mine $BIB through delegation to community nodes and pay 20% to the node owner as delegation fee
Allows participation in GameFi: Users get to take part in various GameFi in the BIB Meta ecosystem using $BIB
Previous4. What is the issuance distribution of $BIB?Next6. What is the deflationary mechanism of $BIB?
Last updated