Fuel Bae
  • Hello, Fuel Bae !
  • The Origin Story of Fuel Bae
  • Fuel Bae Agent Intro
  • Key Features
  • Architecture
  • Workflow
  • Use Cases For Fuel Bae AI
  • Tokenomics - $FBAE
  • Token Utility
  • About the Team
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Token Utility

Ticker: $FBAE


Core Utilities of $FBAE

Utility

Description

Purpose/Benefits

Transaction Fee Discounts

Users pay reduced fees for bridging and gas automation when using $FBAE.

Incentivizes token usage, improves user cost efficiency.

Gas Automation Payments

Users can pay gas fees across networks directly in $FBAE.

Streamlines cross-chain transactions by removing the need for native tokens on multiple chains.

Staking for Gas Coverage

Users can stake $FBAE to earn gas credits that cover automated gas costs every 10 transactions.

Rewards long-term holders while ensuring operational sustainability of gas automation services.

DeFi Gateway Fees

Use $FBAE to pay for access to FuelBae's integrated DeFi protocols and tools (lending, swaps).

Encourages adoption of DeFi features while making $FBAE integral to accessing premium services.

Governance

$FBAE holders can propose and vote on platform upgrades, supported networks, and fee structures.

Aligns community interests with platform growth and decentralization.

Revenue Sharing

A portion of FuelBae's platform fees (e.g., transaction fees) is distributed to $FBAE stakers.

Creates a direct economic incentive to hold and stake tokens.

Rewards and Loyalty

$FBAE is distributed as rewards for frequent usage, referrals, and completing milestones.

Encourages user retention and growth by incentivizing participation and engagement.

Token Flow

1. Bridging of Funds

  • Action: Users bridge funds across networks.

  • Utility:

    • $FBAE can be used to pay for bridge transaction fees.

    • Users receive a 10-20% discount on fees when paying with $FBAE.

2. Gas Automation

  • Action: Automate gas fees for users for every 10 transactions.

  • Utility:

    • Users can prepay for automated gas services in $FBAE.

    • Staking $FBAE allows users to earn gas credits, reducing out-of-pocket gas costs.

    • Revenue from gas automation is partially used for buybacks and burns, reducing supply.

3. DeFi Access

  • Action: Users access integrated DeFi tools (e.g., lending, yield farming, swaps) through FuelBae.

  • Utility:

    • $FBAE is the native currency for transaction fees, earning users additional perks such as higher APYs on staking or reduced interest rates.

    • Exclusive DeFi features (e.g., premium analytics or strategy tools) require $FBAE.

4. Staking

  • Action: Users stake $FBAE.

  • Utility:

    • Earn gas credits for automated transaction fees.

    • Receive a portion of platform revenue (e.g., transaction fees, gas automation fees) as staking rewards.

    • Gain governance rights proportional to the amount staked.

5. Governance

  • Action: Token holders participate in platform governance.

  • Utility:

    • $FBAE holders vote on:

      • Supported networks for bridging and automation.

      • Fee structures for transactions and DeFi tools.

      • Allocation of development grants.

    • Enables community-driven growth and decentralization.

6. Rewards System

  • Action: Users engage with the platform (e.g., frequent bridging, referrals, milestones).

  • Utility:

    • $FBAE is distributed as rewards for:

      • Completing 10, 50, or 100 transactions.

      • Referring new users to the platform.

      • Contributing to governance decisions.

Deflationary Mechanisms

To maintain long-term value, $FBAE employs deflationary mechanisms:

  1. Buybacks and Burns:

    • A portion of platform revenue (e.g., 10-20% of transaction and gas fees) is used to buy back $FBAE and burn it quarterly.

  2. Transaction Fee Burning:

    • A small percentage (e.g., 1%) of each $FBAE-based fee is burned automatically.

  3. Limited Rewards Pool:

    • Staking and rewards pools are capped, creating urgency for early adoption.

Example Use Case

  1. User Action: Alice uses FuelBae to bridge $500 from Ethereum to Solana.

    • Transaction Fee: 1% ($5).

    • With $FBAE: Alice uses $FBAE to pay and receives a 20% discount, reducing her fee to $4.

  2. Gas Automation: Alice opts into automated gas management.

    • After 10 transactions, FuelBae automatically deducts $FBAE for gas costs, simplifying her cross-chain activity.

  3. DeFi Access: Alice stakes $FBAE to access FuelBae’s lending tools, earning 5% higher APY on her stablecoin deposits.

  4. Governance: Alice votes on adding support for Avalanche to FuelBae's bridging ecosystem.

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Last updated 3 months ago