B token
Token Details
Name:
BorBSymbol:
BDecimals:
18Total Supply:
1,000,000Address:
0xfcC9b8a55F63b1fec16622F02c64D85CC53D38A6
The B token is the utility and governance token of the BorB platform. The main application of B as a utility token is in the Liquidity protocol where it is used as access to provide liquidity.
Derivatives trading is peer-to-peer by nature. In BorB, it's a bet between a trader and a pool owned by the house. BorB is built on a decentralized house model using the B token. Anyone with B tokens can add funds to the pools and place themselves on the house side of the trades.
Each B token correlates with liquidity in a ratio of 1:1. It means that for 1 B you can supply up to 1 USDC/USDT to the pool.
To maximize capital efficiency and maintain high APY for all B holders, we have limited access for deposits. Depending on the daily trading volume, you can supply:
Trading volume (24h) ≥ $0 - $100K | Ratio 1:1 (1 B = 1 USDC/USDT)
Trading volume (24h) ≥ $100K - $200K | Ratio 1:2 (1 B = 2 USDC/USDT)
Trading volume (24h) ≥ $200K - $400K | Ratio 1:4 (1 B = 4 USDC/USDT)
Trading volume (24h) ≥ $400K - $800K | Ratio 1:8 (1 B = 8 USDC/USDT)
Trading volume (24h) ≥ $800K - $1.6M | Ratio 1:16 (1 B = 16 USDC/USDT)
Trading volume (24h) ≥ $1.6M - $3.2M | Ratio 1:32 (1 B = 32 USDC/USDT)
Trading volume (24h) ≥ $3.2M - $6.4M | Ratio 1:64 (1 B = 64 USDC/USDT)
Trading volume (24h) ≥ $6.4M - $12.8M | Ratio 1:128 (1 B = 128 USDC/USDT)
and so on...
As soon as the daily trading volume reaches the previous supply limit, it doubles along with the ratio.
Example
The current daily trading volume is less than $100K, respectively, the ratio is 1:1. You have 500 B tokens, so you can supply up to 500 in USDT or USDC.
One month later the platform's daily trading volume reaches $200K, the ratio is 1:2 now, and you can supply up to 1000 in USDT or USDC.
As the trading volume grows, so does the value of the B token.
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