Tokenomics

$BLEU serves multiple purposes within the Bleu Velour ecosystem. It acts as a currency for transactions, a stake in the platform's governance, and a means for rewarding community engagement. The token distribution, staking rewards, and mechanisms for earning and spending $BLEU will be outlined in detail.

Utility of $BLEU:

• Currency: $BLEU acts as the primary medium of exchange within the Bleu Velour ecosystem, facilitating transactions such as NFT purchases and sales.

• Governance: Token holders have a say in platform decisions, with voting power proportional to the amount of $BLEU they hold.

• Rewards: Active community members are rewarded with $BLEU for contributions such as content creation, platform engagement, and participation in events.

Token Distribution:

• Total Supply: The total supply of $BLEU will be capped to ensure scarcity and value retention.

• Public Sale: A percentage of the total supply will be made available to the public, allowing broad participation and distribution.

• Team Allocation: Tokens allocated to the team will be vested over a period to align their interests with the long-term success of the project.

• Partners and Advisors: A portion of tokens will be reserved for partners and advisors who contribute to the growth and development of Bleu Velour.

• Community Incentives: A significant portion of the supply is dedicated to community incentives, ensuring an active and engaged user base.

• Reserves: A reserve fund will be established to ensure liquidity and to support future development and unforeseen events.

Staking Rewards:

• Staking Mechanism: Holders of $BLEU can stake their tokens to receive rewards, contributing to the stability and security of the platform.

• Reward Calculation: Rewards are calculated based on the amount of $BLEU staked and the length of the staking period.

• Slashing Conditions: To discourage malicious activities, specific conditions may result in a reduction of staking rewards, known as slashing.

Earning and Spending $BLEU:

• Earning Mechanisms:

  • Staking NFTs and $BLEU tokens.

  • Participating in community governance and platform events.

  • Contributing to the platform as creators or collaborators.

• Spending Mechanisms:

  • Acquiring NFTs and exclusive items within the Bleu Velour ecosystem.

  • Accessing premium features and services.

  • Engaging in community proposals and governance actions.

Token Burn:

• Deflationary Measures: A percentage of $BLEU used in transactions may be burned, reducing the overall supply and potentially increasing the token's value over time.

Liquidity Pools:

• DEX Integration: $BLEU will be integrated into decentralized exchanges, with liquidity pools established to facilitate trading and provide liquidity.

• Liquidity Incentives: Providers of liquidity will be incentivized with a share of transaction fees or additional $BLEU rewards.