$BTP Token

The $BTP utility token powers our whole ecosystem. Supply will be burnt through organic deflation generated by Bitperp.io.

$BTP supports the liquidity efficiency of the USDT vault by minting rewards for Liquidation bots and affiliates, allowing the USDT to remain within the vault. This adds stability by reducing vault drawdowns and supporting its over-collateralization.
$BTP can be burned when the USDT vault becomes sufficiently overcollateralized to offer a suitable buffer for USDT vault stakers. This is done to counter the inflation from Liquidation bot and affiliate rewards.
$BTP ensures that people supporting the community early on will not have the percentage of their platform interest diluted by a large whale in future - it gives an equal playing field to community support.
$BTP will be distributed in our Liquidate-To-Earn program, where locked tokens are distributed to traders who were liquidated as a form of compensation contingent on their continued trading volume on the exchange.
$BTP is a backstop to traders winning, as $BTP can be minted to re-collateralize the bUSDT vault (at a maximum inflation rate of 18.25% per year)
$BTP is going to be one of the main ways to govern the protocol.

Traders are initially allocated tokens depending on their volume liquidated. This helps to subsidize losses through the eventual airdrop and incentive degen risk taking behavior
Token incentive mechanism helps to drive trading volume , rewards naturaly follow a decreasing curve to incentivise early users.

Staked $BTP receives fee redistribution on the protocol
Staked $BTP will receive emissions based on LP, trading volume, and other actions that are incentivised within the protocol
Staked $BTP can be used to vote on governance proposals, eg. adding new pairs, changing params, etc.

Last updated 28 days ago

The $BTP utility token powers our whole ecosystem. Supply will be burnt through organic deflation generated by Bitperp.io.

$BTP supports the liquidity efficiency of the USDT vault by minting rewards for Liquidation bots and affiliates, allowing the USDT to remain within the vault. This adds stability by reducing vault drawdowns and supporting its over-collateralization.
$BTP can be burned when the USDT vault becomes sufficiently overcollateralized to offer a suitable buffer for USDT vault stakers. This is done to counter the inflation from Liquidation bot and affiliate rewards.
$BTP ensures that people supporting the community early on will not have the percentage of their platform interest diluted by a large whale in future - it gives an equal playing field to community support.
$BTP will be distributed in our Liquidate-To-Earn program, where locked tokens are distributed to traders who were liquidated as a form of compensation contingent on their continued trading volume on the exchange.
$BTP is a backstop to traders winning, as $BTP can be minted to re-collateralize the bUSDT vault (at a maximum inflation rate of 18.25% per year)
$BTP is going to be one of the main ways to govern the protocol.

Traders are initially allocated tokens depending on their volume liquidated. This helps to subsidize losses through the eventual airdrop and incentive degen risk taking behavior
Token incentive mechanism helps to drive trading volume , rewards naturaly follow a decreasing curve to incentivise early users.

Staked $BTP receives fee redistribution on the protocol
Staked $BTP will receive emissions based on LP, trading volume, and other actions that are incentivised within the protocol
Staked $BTP can be used to vote on governance proposals, eg. adding new pairs, changing params, etc.

Last updated 28 days ago