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:
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.
Transaction Fee Burning:
A small percentage (e.g., 1%) of each $FBAE-based fee is burned automatically.
Limited Rewards Pool:
Staking and rewards pools are capped, creating urgency for early adoption.
Example Use Case
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.
Gas Automation: Alice opts into automated gas management.
After 10 transactions, FuelBae automatically deducts $FBAE for gas costs, simplifying her cross-chain activity.
DeFi Access: Alice stakes $FBAE to access FuelBae’s lending tools, earning 5% higher APY on her stablecoin deposits.
Governance: Alice votes on adding support for Avalanche to FuelBae's bridging ecosystem.
Last updated