Butterfly Protocol tokens (BFLY) are publicly traded on several exchanges.
Maximum total supply will drop from the original 100 million when Top-Level Domains are sponsored. As of June 2021, close to 1 million or 1% of total supply has already been burned.
Original Tokenomics
The tokenomics around Butterfly are in place to bring hundreds
or thousands of new Top-Level Domains (TLD) to the decentralized web.
Each TLD is sponsored with either a community focused TLD or a private
TLD. The tokenomics around a public TLD is based on a decreasing use
of BFLY starting at the original 10,000 being burned to create a new
TLD and decreasing over time to the minimum of 100. Private sponsorship
requires 100,000 BFLY and then give the sponsor takeover rights for the TLD.
All TLDs are ERC-721 tokens and carry on as the respective TLD Root. However, private
TLD sponsors can have the root locked and then take the TLD cross chain. This opens
up a significant range of opportunities for sponsors.
See the original tokenomics here.
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