What is the butterfly protocol (bfly) token?

BFLY is the platform’s ERC-20 -compatible native utility token built on the Ethereum ( ETH) blockchain. It is used to sponsor the creation of new top-level domains (TLDs). Token holders can receive 15% of the airdrop of ERC-20-compatible tokens created with each domain. Who Are the Founders of Butterfly Protocol?

Where to buy butterfly protocol stock?

If you would like to know where to buy Butterfly Protocol at the current rate, the top cryptocurrency exchange for trading in Butterfly Protocol stock is currently MEXC. You can find others listed on our crypto exchanges page. What Is Butterfly Protocol (BFLY)?

What is butterfly and how does it work?

Butterfly is more than a replacement. It’s an upgrade. Websites are constantly being blocked by hostile state actors. With Butterfly, your name lives on the blockchain forever and can’t be taken down. Butterfly takes control back from centralized authorities and gives it to the people who own the names.

What is a domain in butterfly protocol?

In the Butterfly Protocol ecosystem, the term domain actually represents a single name, which is in turn represented by a single token. Whoever holds this token is considered the domain owner. On top of this, each domain can be associated with a range of ERC-20 compatible tokens, which can represent fractional ownership.