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Bolt Share

$BTS
Today
0
Total
0
BNB Address:
0xc2e1acef50aE55661855E8dcB72adB182A3cC259

Coin Info

Market Cap:
$213,519
Launched:
04/01/2021
Network:
BNB
Categories:

Coin Safety

Project Brief

Bolt Shares, is the governance tokens of the ecosystem. These tokens follow a Seigniorage Shares system that maintains a peg by auctioning coins for shares and shares for coins. After each epoch (8 hours) the protocol mints BTD and distributes it proportionally to all BTS holders who have staked their BTS in the Boardroom. But it only does so when the TWAP (time-weighted average price) of BTD is above $1.01. So in essence BTS stakers gain 'free' BTD every epoch.
As a governance token BTS grants holders voting rights and, subsequently, the ability to suggest improvements to the protocol or the ecosystem.

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