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⚙️ Utility
The BJF Token incorporates multiple utilities to incentivize player engagement and token holding:
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Burning Mechanism
- Purpose: To reduce the total supply of BJF Tokens, thereby increasing scarcity.
- Mechanism: Up to 50% of the tokens from lost bets are burned monthly.
- Burning Process: Every month, the total amount of lost bets in BJF is calculated, and tokens are burned according to the active burn percentage.
- Impact: As the circulating supply decreases, each token may become more valuable.
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Staking Rewards
- Purpose: To reward token holders and encourage long-term investment.
- Mechanism: Up to 20% of the tokens from lost bets are allocated to a staking pool.
- Rewards: Stakers earn a share of the staking pool proportional to their stake.
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Operational Expenses
- Purpose: To maintain and develop the platform.
- Allocation: Up to 30% of tokens from lost bets are used to cover operational costs.
- Transparency: Regular reports on expenditures ensure community trust.
By incorporating these utilities, the BJF Token aims to create a dynamic ecosystem that benefits both players and investors.