The BB token is central to the CyberConnect protocol, a decentralized social network that aims to give users true ownership and control over their digital identities, content, and social connections. The whitepaper outlines how the BB token will empower this new era of Web3 social.
Building a User-Owned Social Graph
CyberConnect's core innovation is the "social graph" – a decentralized, on-chain record of user profiles, content, and connections. Unlike traditional social media, where platforms own your data, CyberConnect allows users to own their social graph. This means your followers, posts, and connections are portable across any application built on the CyberConnect protocol, ensuring you never lose your digital identity or social capital.
Tokenomics and Utility of BB
The BB token has a maximum supply of 100,000,000 and serves several crucial functions within the CyberConnect ecosystem:
Governance: BB token holders can participate in the decentralized governance of the CyberConnect protocol. This allows the community to vote on important proposals, network upgrades, and parameter changes, ensuring the protocol evolves in a user-centric manner.
Payment for Premium Features: The whitepaper indicates that BB will be used to pay for certain premium features within the CyberConnect ecosystem. This could include enhanced profile functionalities, advanced content monetization tools, or custom social graph services.
Incentivization: BB tokens will be used to incentivize various participants in the network. This includes rewarding developers who build applications on CyberConnect, users who contribute to the network's growth, and potentially those who provide infrastructure or moderation services.
Gas Fees: On specific layers or future iterations of the network, BB tokens may also be utilized to cover transaction or "gas" fees, further integrating it into the core operational mechanics.
Empowering the Next Generation of Social Apps
By decentralizing the social graph and empowering users with true ownership, CyberConnect aims to foster an open and permissionless environment for developers. The BB token is designed to drive this ecosystem, allowing for the creation of innovative social applications that respect user privacy, reward content creators fairly, and break free from the limitations of centralized platforms. The ultimate goal is to enable a more equitable and dynamic social internet where users are no longer the product, but the owners.