🔴Examples of BITLAYER📉📈

Example 2: Governance Voting

Let's assume Bitlayer wants to reduce transaction fees.

Ravi has 5000 BTR tokens.

A proposal was made to reduce the fees by 20%.

Ravi uses his tokens to vote in favor of the change.

The proposal passed because the majority of token holders agreed to it.

Here, BTR acted as a voting card.

Example 3: Staking for Rewards

Maya has 10,000 Bitcoins. Instead of leaving them idle, she stakes them in the Bitlayer network.

By participating, she helps secure the network.

In return, she receives additional BTR tokens as rewards every month.

Example 4: Daily Utility

Let's assume Alex wants to send data or execute a smart contract on Bitlayer.

The network charges a small transaction fee in BTR.

Alex pays the fees using his BTR tokens, just like paying gas fees in Ethereum.

A Real-World Analogy

Think of Bitlayer as a country and BTR as its official currency:

You can earn it by contributing to the country's economy (building applications, bringing users, providing services).

You use it to pay for services within the country (transaction fees and premium features).

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