Fee Reduction for Token Holders
As previously discussed, wallet users will be subject to a service fee when using certain privacy features. However, $BLANK token holders will benefit from notable fee reductions. Such fee reductions will be tier-based and will depend on the number of tokens held.
Token Burn from 50% of the Fees
Half of the fees collected from BlockWallet's smart contracts will be used on buying back the $BLANK tokens from the market and burning it. As a result, the overall circulating token supply will be reduced. We believe that such a strategy will best position us for success long-term - as proved by similar buyback-and-burn programs from the likes of Binance or Bitfinex.
Liquidity Providers earn 50% of the Fees
Contributing your tokens to a DEX liquidity pool ensures that $BLANK tokens are available to trade when needed. Thus, we want to reward users helping to address liquidity concerns on decentralized liquidity provision platforms. We will distribute half of our fees to those who provide LP on DEXes - this will be distributed proportionately to the amount pooled by the user.
Referral and Reward Systems use only $BLANK Tokens
Emphasized as an important feature of our growth strategy, referrals will become another important use case of $BLANK tokens. Referral and reward systems will be used to promote BlockWallet in various ways across suitable platforms.
Exclusive Features and "access-first" Functionality to Token Holders
Some of BlockWallet's features will be limited only to those holding $BLANK tokens. For example, non-token holders may not have access to as many hosted addresses. Also, if a user passes a specific threshold of held tokens, they may be welcomed to participate in our invite-only initiatives (such as Alpha or Beta testing of the wallet).