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BlueBird is bridging Twitter and blockchain. Built on the Songbird Network.
BlueBird is a decentralized application (dApp) that connects Twitter and blockchain technologies. The platform allows Twitter users to link their accounts with their crypto wallets and send transactions to other Twitter users. BlueBird is built on the Songbird Network and soon after Flare, an EVM-compatible blockchain that provides fast,
BlueBird is a decentralized application (dApp) that connects Twitter and blockchain technologies. The platform allows Twitter users to link their accounts with their crypto wallets and send transactions to other Twitter users. BlueBird is built on the Songbird Network and soon after Flare, an EVM-compatible blockchain that provides fast, secure, and low-cost transactions. The platform incentivizes users to transact with its two tokens, the Songbird (SGB) and the BlueBird (BRD) token, which has a broad range of potential future use cases beyond the BlueBird dApp. BlueBird's innovative solution bridges the gap between social media and the blockchain, offering a new level of convenience and accessibility for crypto enthusiasts.
The BlueBird project tokenomics is built around two tokens, Wrapped Songbird (WSGB) and the BlueBird (BRD) token. WSGB is the primary means of exchange on the platform, while BRD is an incentive reward token earned by users who transact on the platform. The BRD token has a total supply of 1 billion tokens and is distributed as follows: 50
The BlueBird project tokenomics is built around two tokens, Wrapped Songbird (WSGB) and the BlueBird (BRD) token. WSGB is the primary means of exchange on the platform, while BRD is an incentive reward token earned by users who transact on the platform. The BRD token has a total supply of 1 billion tokens and is distributed as follows: 50% for platform mining rewards, 30% for liquidity pool rewards, 15% for development fund, and 5% for team and advisors. The team and advisor allocation is locked for a period of 12 months, with a 25% release each quarter after the initial 12-month lockup period. The BRD token is designed to have a broad range of utility and future use cases beyond the BlueBird dApp, including governance, staking, and cross-chain utility.
BlueBirdx - Bridging Twitter and the Blockchain.
The BlueBirdx project is a decentralized application (dApp) that aims to bridge the gap between Twitter and the blockchain. It provides a platform for Twitter users to link their Twitter handles with their crypto wallets and seamlessly send transactions to other Twitter users. BlueBird i
BlueBirdx - Bridging Twitter and the Blockchain.
The BlueBirdx project is a decentralized application (dApp) that aims to bridge the gap between Twitter and the blockchain. It provides a platform for Twitter users to link their Twitter handles with their crypto wallets and seamlessly send transactions to other Twitter users. BlueBird is built on the Songbird Network, an EVM-compatible blockchain that provides fast, secure, and low-cost transactions.
Tokenomics;
The BlueBirdx dApp uses two tokens, the Songbird (WSGB) and the BlueBird(BRD) token. WSGB is the primary means of exchange on the platform, while BRD is an incentive reward token that is earned by users who transact on the platform. The BlueBird token has a total supply of 1 billion tokens, and the token distribution is as follows: 50% for platform mining rewards, 30%, for liquidity pool rewards, 15% for development fund, 5% for team and advisors.
Platform Mining Rewards;
The BlueBirdx smart contract has a built-in mining function that rewards users with BRD tokens for every WSGB transaction they make on the platform. Initially, the mining reward is set at 1 BRD for every 1 WSGB. When the total mined supply reaches 10% of the total token supply (100 million tokens), the mining reward is halved to 0.5 BRD for every 1 SGB. This halving continues every time the total mined supply reaches the next 10% milestone until the mining reward reaches 0.
Liquidity Pool Rewards;
A portion of the transaction fee (0.1%) is allocated to the liquidity pool reward. This reward incentivizes users to provide liquidity to the BlueBird token and SGB pool, improving the overall liquidity and stability of the platform.
Development Fund;
A portion of the transaction fee (0.01%) is allocated to the development fund. This fund is used to improve the platform's features, security, and user experience.
Team and Advisor Allocation;
The team and advisor allocation of the BlueBird token is important to ensure the long-term development and success of the project. The allocation is structured as follows: 2.5% of the total supply is allocated to the founding team, 2.5% of the total supply is allocated to advisors. The team and advisor allocation is locked for a period of 12 months, with a 25% release each quarter after the initial 12-month lockup period.
BRD Token Utility and Future Use Cases;
The BlueBirdx dApp is just the first step in the BlueBirdx project's roadmap. The BRD token is designed to have a broad range of utility and use cases beyond the BlueBird dApp. Some potential future use cases for BRD token are: Governance: The BRD token can be used for governance, allowing token holders to vote on proposals and decisions related to the BlueBird project's development and direction. Staking: The BRD token can be used for staking, allowing token holders to earn rewards for providing security and stability to the network. Cross-chain utility: The BRD token can be used as a bridge between different blockchains, allowing users to transfer value and assets between them.
Conclusion;
The BlueBirdx project is an innovative solution that aims to bridge the gap between Twitter and the blockchain. The project's tokenomics and reward system incentivizes users to transact on the platform while providing liquidity and stability. The BRD token is a crucial part of the BlueBirdx project and has a broad range of potential future use cases beyond the dApp. The team and advisor allocation is structured to ensure the long-term development and success of the project
Note that the development build is not optimized, the contents of this page may not accurately represent the entire state of the project.
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