BFT is the native digital currency token issued by the CEX platform Bifinance, with the full name Bifinance Token. Initially, it will be based on the Ethereum blockchain for issuing digital assets, and later it will extend its direction towards public chain ecology and BiFinance ecosystem expansion. As an international cryptocurrency platform, BiFinance is professionally operated and maintained by top industry talents from multiple countries and regions, providing one-stop crypto asset services to millions of users from over 130 countries and regions. Leveraging years of experience in traditional finance and brokerage, BiFinance provides security guarantees to users through technical platforms, rich product lines, robust risk control systems, and operational systems.
BiFinance's mission is to solve the financing difficulties faced by small and medium-sized enterprises, and its vision is to link the virtual and real worlds. Simultaneously, it has completed a comprehensive ecological layout around the crypto industry, offering spot trading of cryptocurrencies, derivatives trading, Launchpad, and DeFi derivative trading. BiFinance Labs serves as a primary market investment research and incubator, while also conducting research and development for ecological applications such as BiFinance SocialFi, BiFinance Web3 University, and BiFinance NFT Market.
BFT aims to drive the development of the Bifinance ecosystem and can be used in the community of BiFinance and future decentralized ecosystems. It serves as an important hub supporting various application scenarios such as transaction mining, fee discounts, transaction offsets, participation rights, community rewards, and tip conversions, within the "virtual + real" ecosystem of BiFinance. The total issuance of BFT is 1 billion, with no additional issuance, and BFT will be burned based on a certain destruction cycle according to the overall revenue of the Bifinance platform.
