🪙Token $BUD
The $BUD token is at the heart of the Budly ecosystem. The token will be listed on the BNB Chain (formerly known as Binance Smart Chain).
The token takes an innovative approach to its utility within the Budly ecosystem:
It can be used to purchase resources within the Budly app.
It can be used to buy cosmetics within the Budly app.
It allows you to purchase NFT companions.
Generally, it can be used to purchase anything related to the Budly ecosystem. However, users can also make payments using mobile and Web 2.0 payment methods through the app (such as credit cards), in which case the Budly team will repurchase $BUD with 10% of the amount paid in FIAT currency and then burn these $BUD tokens.
"The success of a digital currency lies in its ability to become more than just a means of transaction; it must enrich the ecosystem to which it belongs, creating a virtuous cycle of investment, usage, and appreciation."
This mechanism ensures that the $BUD token consistently experiences buying pressure, allowing the token to increase in value, and as tokens are burned, the supply naturally decreases, further enhancing its value.
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