> For the complete documentation index, see [llms.txt](https://bitfair.gitbook.io/bitfair/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://bitfair.gitbook.io/bitfair/tokenomics/tokenomics-of-bitfair.md). # Tokenomics of BitFair Symbol: $Fair Total supply: 21,000,000 Fair Launch: 70% Ecosystem Building: 20% Marketing: 5% Early Adopter Incentive: 5% Tax: 2/2 $Fair Address(ERC20) : 0xd20970d1Fb1b0b0388a0A081eDa7197b4f808f00 ## Tokenomics $Fair, the native token of BitFair, serves as the engine driving the decentralized and transparent ecosystem. Its tokenomics are strategically crafted to align with BitFair's principles of fairness, community engagement, and cutting-edge innovation. ## Utility * Participation in Launches: $Fair holders gain exclusive access to participate in Initial DEX Offerings (IDOs) on the BitFair platform. Holding $Fair tokens enhances a user's eligibility and allocation in these token launches, creating a direct link between token ownership and project involvement. * Fee Reduction: Users who hold $Fair tokens can benefit from reduced fees on the BitFair platform. This incentivizes token holders to actively engage in the ecosystem and contribute to its growth. * Governance: $Fair serves as a governance token, allowing holders to participate in decision-making processes. This includes voting on platform updates, new feature implementations, and other significant changes, emphasizing a decentralized approach to governance. * Integration with BRC420: $Fair is not only integral to the core functionalities of BitFair but also plays a role in the integration of BRC420 assets. Token holders may have unique privileges or opportunities related to BRC420, further diversifying the use cases and benefits of $Fair. * Early Adopter Incentive: After the fair launch of $Fair, a series of projects will gradually release their IDO and fair launch. By holding $Fair and participating in the early IDO of these projects, one can become an Early Adopter to the BitFair ecosystem, earning $Fair tokens as incentives. * Referral Bonuses: $Fair holders may be eligible for referral bonuses, incentivizing community growth. ## Distribution ### 1. Fair launch - 70%: A significant portion, constituting 70% of the total $Fair supply, is allocated to the Fair Launch. This emphasizes BitFair's commitment to equitable distribution and the elimination of any preferential treatment. The Fair Launch mechanism ensures that the initial distribution of $Fair is accessible to a broad audience, fostering a diverse and engaged community from the outset. ### 2. Ecosystem Building - 20%: Dedicated to the growth and sustainability of the BitFair ecosystem, 20% of the $Fair tokens are allocated to ecosystem building. This allocation supports the development of innovative features, partnerships, and infrastructure enhancements. It acts as a foundational element for BitFair's expansion, nurturing a robust and thriving ecosystem for users and projects alike. ### 3. Marketing - 5%: Recognizing the importance of visibility and outreach, 5% of $Fair tokens are allocated to marketing efforts. This allocation is directed towards promoting BitFair, attracting new users, and establishing a strong market presence. Marketing plays a crucial role in creating awareness and driving adoption, ensuring the continued evolution and success of the BitFair platform. ### 4. Early Adopter Incentive - 5%: To reward and incentivize early contributors to the BitFair ecosystem, 5% of $Fair tokens are allocated to early adopters. This allocation encourages active participation in the platform's early stages, fostering a loyal community and recognizing the foundational role played by those who engage with BitFair from its inception. ### Transaction Tax and Redistribution: * BitFair imposes a 2% tax on each buy and sell transaction involving $Fair tokens. * A portion of the revenue from this tax, along with the platform's operational profits, which is a mechanism to reward active participants in the ecosystem. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://bitfair.gitbook.io/bitfair/tokenomics/tokenomics-of-bitfair.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.