BTP token is the native token of Bitpaid Network that is fully decentralised and 100% Community Driven, having more than 10000 holders with 4.5 million transactions. More than 30% supply of BTP tokens has staked by community based staking program on CVIP that is the indigenously developed decentralised exchange (Dex). No single wallet holders own more than 1% of supply. Bitpaid (BTP) has received an “A” grade in the transparency score provided by Nomics, which means Nomics has vetted BTP’s trade history and verifies that BTP meets the highest reliability, consistency, and data integrity standards. No one can manipulate it because this is the only coin that has 100% circulated into the community, having no hidden wallet.
Bitpaid token holders have complete control over the protocol. All privileges, which on other platforms are exclusive to miners, will be given to the Relay Chain participants (BTP holders), including managing exceptional events such as protocol upgrades and fixes.
Token holders keep the network secure and collect rewards by staking BTP. Bitpaid’s advanced staking system is designed for maximum decentralization and fair representation, rewarding good actors and punishing bad actors to ensure network security.
New parachains are added by bonding tokens. Outdated or non-useful parachains are removed by removing bonded tokens. This is a form of proof of stake.
Find answers to the questions we get asked the most about Bitapid.Don't find the answer? Contact us here