Token Economy

• Native Token BOC (Beonechain Token) is the native token of Beonechain, serving as the primary currency within the ecosystem, similar to how BNB functions on Binance Smart Chain (BSC) or ETH on Ethereum. The BOC token is used for various functions within the Beonechain network, including:

  • Transaction Fees: BOC is used to pay for transaction fees, such as deploying smart contracts or performing other transactions within the Beonechain network.

  • Staking on Validators: Users can stake BOC on selected validators and earn rewards based on the amount of tokens staked. This staking process helps secure the network and maintain consensus.

  • Cross-Chain Operations: BOC enables users to perform cross-chain operations, such as transferring token assets across Beonechain, opBNB, and Greenfield. This provides flexibility for users to leverage Beonechain within a broader ecosystem.

  Therefore, BOC serves as the foundation for all activities within Beonechain, powering everything from transactions to staking and cross-chain interactions.

• Seed Fund The Seed Fund is a critical component of Beonechain's initial funding to build and expand its ecosystem. This fund is used to facilitate technology development, marketing, and network expansion. Early investors will receive B20 tokens at a lower price, giving them the opportunity to gain profits as the platform grows.

• Token Circulation Control Mechanism

  Beonechain implements a token circulation management system designed to maintain long-term economic balance through the following mechanisms:

  • Staking & Locking Mechanism: A significant portion of tokens will be locked in validator staking, naturally reducing the number of tokens circulating in the market.

  • Dynamic Reward Distribution: Incentives for validators and delegators are distributed based on their contributions to the network, encouraging active participation and supporting ecosystem sustainability.

  • Inflation Reduction Model: Token emissions are controlled through a distribution mechanism that adjusts to network activity levels, ensuring long-term token value stability.

  This approach ensures optimal token circulation control, supporting ecosystem growth without disrupting Beonechain's economic stability.