After 30 days of the token generation event of the BTORO tokens, the tokens will be unlocked on October 26, 2024.
Early investors in the Bitoro platform can make use of this opportunity to get the tokens in hand and devise various strategies to come to the forefront.
They can hold, trade, or re-stake these tokens. After the token unlock event, all the unclaimed BTORO tokens will be burnt to reduce the token supply to keep its value intact.
What is the BTORO Platform?
Bitoro is a perpetual future trading platform and liquidity aggregator. This platform combines optimal prices, fees, liquidity, incentives, and unparalleled ease of use for traders.
It has an inbuilt liquidity ecosystem aggregator that streamlines the fragmented liquidity data of the perpetual trading market into a single platform.
Traders are also allotted Bitoro points for engaging with the platform that they can utilize at the airdrop to win free BTORO coins. The Bitoro platform upholds the values of efficiency, transparency, and inclusivity.
BTORO Tokenomics
The BTORO token is central to the existence of the Bitoro network. The BTORO token decentralizes the protocol, stimulates network growth, incentivizes user participation, and ensures overall economic stability.
BTORO tokenomics is structured to align the interests of the stakeholders with those of the platform.
The token supply is allocated to support governance and staking activities, enhance liquidity for BitoroCore, and foster active community engagement.
Before we move on to tokenomics let us discuss the stakeholders of the Bitoro platform who are active in driving liquidity, dynamism, and innovation to the platform.
- Traders: Traders are vital in keeping the platform dynamic by buying and selling on the platform. They make use of the liquidity to increase the trading volume.
- BTORO Holders: The token holders have long-term jurisdiction over the Bitoro platform and its future. They can contribute to the governance of the platform and ensure its overall stability.
- Builders: Builders develop decentralized applications (dApps), smart contracts, and protocols to promote the Bitoro platform’s integrity and usability. Bitorocore is the infrastructure layer where builders bring in innovation and usability by improving real-world applications.
- Market Makers: Market makers are providers of liquidity needed to reduce price volatility to enable the smoothness of transactions. They are rewarded for their effort through trade profits and liquidity provision rewards.
The total supply of 1,000,000,000 BTORO tokens is distributed in the following manner.
Community: 35%
Launch Airdrop: 15%
Strategic Partners: 15%
Core Contributors: 10%
Ecosystem/Protocol Development: 25%
BTORO Tokens Utility
BTORO tokens have many utility cases that promote platform adoption and the varied interests of the stakeholders.
- Governance Rights: Users can participate in the governance of the Bitoro platform by staking the $BTORO tokens that they hold.
- Earning APY: The staking program of the Btoro platform offers an attractive APY and incentivizes users to stake their tokens and generate passive income.
- Token Burn Program: With the token burn program, a portion of the platform’s revenues will be allocated to repurchase $BTORO tokens and burn them so that the circulating supply is maintained at a steady rate.
- Boosting Trading Rewards: $BTORO token staking empowers traders by providing them with a higher share of the trading rewards and fee rebates.
- Boosting Market-Making Rewards: Market makers of the Bitoro platform earn high market-making rewards.
Benefits of BTORO Token Burning
The burning of BTORO tokens provides many benefits to the users as well as helps in enhancing the value of the token.
Token burning provides a deflationary effect for BTORO tokens and prevents any unregulated variations in their price.
The resulting rise in value with the fall in supply is an encouragement for token holders to hold BTORO tokens.
The fully automated and decentralized burning process ensures transparency of the whole process. The resultant value appreciation of the BTORO token will boost investor confidence in the users.
The Bottom Line
BTORO is expected to make it big in the crypto market with its innovative modes of operation. You can leverage the benefits of this platform by investing in it at the earliest possible opportunity.
The BTORO airdrop is also happening now. This is the right time for you to invest in the platform to get the tokens airdropped as well as benefit from the upcoming token unlock and burn events.
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