$BTFLX: Token Utility and Economy

A crypto token symbolizes a tradable asset or utility stored on its own blockchain and lets the possessor utilize it for investment or commercial objectives. Each project has its own unique tokens. Let me introduce the token used in Bitflix.

Token Utility

In Bitflix, our governance token is $BTFLX. $BTFLX is a multifaceted governance and utility token that serves as the lifeblood of the Bitflix NFT ecosystem that is still in the early stages of growth. The Bitflix token is a platform membership token.

A user who has a $BTFLX token can acquire Bitflix NFTs and receive voting rights on the future of the Bitflix platform, with further usefulness expected to be added as the platform evolves. Moreover, individual buyers have casting voting rights, executive producer film credit, and live streaming with celebrities.

If you are one of the VIP Token holders (1000+), you will be rewarded with exclusive access and vote to determine upcoming IMO (Initial Movie Offering) projects.

Fundraising

Bitflix will launch a VC/private fundraising round and a public community fundraising round to raise capital and distribute BTFLX tokens to early adopters and true believers to bootstrap the project’s NFT platform. We will also offer a public community fundraising round to raise capital and distribute BTFLX tokens to true believers. To maximize the value that may bring to Bitlflix, both the money raised in these rounds and the tokens intended for other elements (such as treasure, marketing, and so on) will be utilized in precise ways to maximize their worth.

Funds raised from the VC and private fundraising round will be utilized for strategic purposes, such as jumpstarting the Bitflix economy and hiring the top people in the industry to extend the capabilities and potential of the project.

The public community funding will be used for various purposes that are all incredibly important; these include providing community and exchange liquidity. Moreover, it will be used for market making and advising, and the Bitflix reserve treasury, assuring the long-term viability of our platform and allowing it to continue developing in the years to come.

Tokenomics

The $BTFLX token supply is 400 million.

For the token allocation, 5% will be used in the Seed Round, 10% for Strategic Round, 3% for Private Round, 30% for Ecosystem, 2% for Initial DEX Offering (IDO), 15% for Liquidity, 25% for Team and Advisors and lastly 10% for Marketing and Reserve.

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