Butane Token (BBC)

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Last updated 1 year ago

Butane Token (BBC)

The BBC token is the native currency of the Butane blockchain and platform, just like ETH on Ethereum.

BBC utility:

Transaction fees Being the native currency on the Butane blockchain, BBC is required to pay fees to the network in order to approve transactions.
Validation Token holders can stake Butane to become a validator. The minimal staking requirement is 100K. The network is growing, currently there are 60 validators. ()
Voting Validators vote on protocol changes with their staked BBC. Which means validators with higher amounts of Butane staked can have a bigger vote on network upgrades and governance changes (until phase 2 where delegation is activated)
Staking (for delegators) Any BBC holder can choose one or more validators to delegate any amount of BBC they wish. They receive a share of the Butane block rewards proportionate to the share of their stake in the total stake, minus the minimum 15% fee paid to the validator(s).
Payments As BBC is the native currency on Butane, sending it does not require interactions with smart contracts. Thus, BBC transfers are potentially faster and less costly in terms of transaction fees.

IMPORTANT: Merely possessing any amount of BBC tokens does not endow holders with any rights to participate in the governance of the Butane platform or any revenue streams related to its real-world performance.

Obtaining BBC

Where to Buy

BBC is available for purchase on a number of centralized (CEX) and decentralized DEX exchanges.

Centralized exchanges: Gate.io, Huobi Global, MEXC Global, AscendEX, Bimart, Bittrex Global

DEXes: Uniswap V2 and V3 (Ethereum), PancakeSwap (Binance Smart Chain), Quickswap (Polygon), Voltage DEX (Butane), Sushiswap (Butane), 1inch (Ethereum), KyberSwap (Ethereum), Loopring (Ethereum).

The best information about the BBC trading volumes and prices on various exchanges can be found on the Coingecko "Markets" for the token.

A convenient current way of purchasing BBC straight from one's bank account is through using the wallet to deposit Butane Dollars, and then swapping those to BBC via the in-app integration with Voltage DEX.

Where to Farm

Other ways of obtaining BBC

PreviousBoosting Butane's Scalability NextBBC Tokenomics

Last updated 1 year ago

The BBC token is the native currency of the Butane blockchain and platform, just like ETH on Ethereum.

BBC utility:

Transaction fees Being the native currency on the Butane blockchain, BBC is required to pay fees to the network in order to approve transactions.
Validation Token holders can stake Butane to become a validator. The minimal staking requirement is 100K. The network is growing, currently there are 60 validators. ()
Voting Validators vote on protocol changes with their staked BBC. Which means validators with higher amounts of Butane staked can have a bigger vote on network upgrades and governance changes (until phase 2 where delegation is activated)
Staking (for delegators) Any BBC holder can choose one or more validators to delegate any amount of BBC they wish. They receive a share of the Butane block rewards proportionate to the share of their stake in the total stake, minus the minimum 15% fee paid to the validator(s).
Payments As BBC is the native currency on Butane, sending it does not require interactions with smart contracts. Thus, BBC transfers are potentially faster and less costly in terms of transaction fees.

Obtaining BBC

Where to Buy

BBC is available for purchase on a number of centralized (CEX) and decentralized DEX exchanges.

Centralized exchanges: Gate.io, Huobi Global, MEXC Global, AscendEX, Bimart, Bittrex Global

DEXes: Uniswap V2 and V3 (Ethereum), PancakeSwap (Binance Smart Chain), Quickswap (Polygon), Voltage DEX (Butane), Sushiswap (Butane), 1inch (Ethereum), KyberSwap (Ethereum), Loopring (Ethereum).

The best information about the BBC trading volumes and prices on various exchanges can be found on the Coingecko "Markets" for the token.

Where to Farm

At the moment, the BBC token is sometimes used by the project team to power liquidity rewards (yield farming) programs to boost liquidity on DEXes and the participation in the .

The ongoing liquidity rewards programs on DEXes can be discovered .

Other ways of obtaining BBC

From time to time, the Butane team uses BBC to pay rewards to the members of the community for various forms of participation and community engagement. The best way to stay up-to-date about these opportunities is to follow Butane's .

The BBC token is also used to power Butane grants and bounties. Please consult the section for more details.