On-Chain Mechanisms
On-Chain Mechanisms
A 3% Gas fee is required when buying or selling BLF tokens. This percentage is common in blockchain projects, aimed at ensuring reasonable utilization and maintenance of network resources.
Gas fees are an essential part of blockchain transactions, used to measure the computational power and storage resource costs of transactions. In the BLF project, the collection of trading Gas fees helps prevent network abuse by malicious attackers and ensures secure and stable network operation. Additionally, by charging fees, it incentivizes miners to actively participate in transaction confirmation and packaging, maintaining normal network operations.
This mechanism also affects the supply and demand of cryptocurrencies. When Gas fees are high, it may suppress some transaction demand, leading to reduced liquidity of BLF tokens in the market. When Gas fees are relatively low, it can attract more traders to participate, increasing the circulation speed and market activity of BLF tokens, thus influencing token price trends and supply-demand relationships.
The BLF token holding dividend mechanism stipulates that users with a single wallet address holding ≥6666 BLF tokens can participate in dividend distribution. Dividends are distributed proportionally based on token holdings from Gas fees, and the distribution is automatically executed by smart contracts, settled daily to wallets.
This mechanism has significant incentive effects. It attracts investors to hold BLF tokens long-term, increasing their confidence and loyalty. Investors receive continuous dividend income from holding BLF, which to some extent enhances the attractiveness of BLF tokens to investors and helps expand BLF's user base and community size.
The daily dividend model allows investors to enjoy returns promptly, enhancing project transparency and trust, thereby attracting more capital inflow, promoting BLF token value appreciation, and fostering long-term stable project development.
