Bitica Token (BDCC)
Last updated
Last updated
The BDCC token is the native currency of the Bitica blockchain and platform, just like ETH on Ethereum.
Transaction fees Being the native currency on the Bitica blockchain, BDCC is required to pay fees to the network in order to approve transactions.
Validation Token holders can stake Bitica to become a validator. The minimal staking requirement is 100K. The network is growing, currently there are 60 validators. ()
Voting Validators vote on protocol changes with their staked BDCC. Which means validators with higher amounts of Bitica staked can have a bigger vote on network upgrades and governance changes (until phase 2 where delegation is activated)
Staking (for delegators) Any BDCC holder can choose one or more validators to delegate any amount of BDCC they wish. They receive a share of the Bitica block rewards proportionate to the share of their stake in the total stake, minus the minimum 15% fee paid to the validator(s).
Payments As BDCC is the native currency on Bitica, sending it does not require interactions with smart contracts. Thus, BDCC transfers are potentially faster and less costly in terms of transaction fees.
IMPORTANT: Merely possessing any amount of BDCC tokens does not endow holders with any rights to participate in the governance of the Bitica platform or any revenue streams related to its real-world performance.
BDCC is available for purchase on a number of centralized (CEX) and decentralized DEX exchanges.
Centralized exchanges: Gate.io, Huobi Global, MEXC Global, AscendEX, Bimart, Bittrex Global
DEXes: Uniswap V2 and V3 (Ethereum), PancakeSwap (Binance Smart Chain), Quickswap (Polygon), Voltage DEX (Bitica), Sushiswap (Bitica), 1inch (Ethereum), KyberSwap (Ethereum), Loopring (Ethereum).
The best information about the BDCC trading volumes and prices on various exchanges can be found on the Coingecko "Markets" for the token.
A convenient current way of purchasing BDCC straight from one's bank account is through using the wallet to deposit Bitica Dollars, and then swapping those to BDCC via the in-app integration with Voltage DEX.
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At the moment, the BDCC token is sometimes used by the project team to power liquidity rewards (yield farming) programs to boost liquidity on DEXes and the participation in the .
The ongoing liquidity rewards programs on DEXes can be discovered .
From time to time, the Bitica team uses BDCC to pay rewards to the members of the community for various forms of participation and community engagement. The best way to stay up-to-date about these opportunities is to follow Bitica's .
The BDCC token is also used to power Bitica grants and bounties. Please consult the section for more details.