Utility of Bitberry Token

*Please note that Bitberry Finance is still in ongoing development and the utilities listed below are subject to change due to development and condition of the protocol.

Fee discount from Bitberry Wallet

BBR will be used as a fee of Bitberry Wallet. In the future, when the BBR holders or users of Bitberry Wallet select BBR as a transaction fee, they can get a 50% discount on token transactions made from the Bitberry Wallet by using BBR as a transaction fee. This is planned to be applied before the second quarter of 2022. In addition to the transfer fee discount, if the users of the Bitberry Wallet use CeFi fund product provided in Bitberry Wallet such as Deposit & Earn, they will get a 50% fee discount from the operational fee by using BBR as a fee.

Usage for Bitberry Smart Farm (Working Title)

Bitberry Smart Farm (working title) consists concept of referral(proxy) farming in the future. BBR will be used as a payment method to purchase referral codes, which will be one of the core features of Bitberry DEX. The users will be able to pay a certain amount of BBR to purchase the referral code. Referral codes enable the farmers to become a landowner (Referrer or Referee) who can hire (obtain) farmers (Referral recipient or referred person). the landowners will obtain a portion of the farming from the hired farmers.

BBR from the purchase of referral codes is planned to be used for the development of new yield farming methods and Vaults products. Some of BBR can be used for airdrops to core LP providers of Bitberry Swap.

Usage for Bitberry Level-Pool (Working Title)

Bitberry Level-Pool consists concept of accelerating yield farming through a level system. Level-pool is one of the core functions of the Bitberry Swap that allows the user to gain access to a higher level farming pool that guarantees better farming rate through proof of BBR holding. The users must have BBR tokens to access the level-pool and hold more amount to level-up their access to the higher farming pool.

The difficulty of the number of BBR required for proof of each level can be adjusted through the voting of BBS (Bitberry Swap token) holders.

Minimizing IL (Impermanent Loss) Tool

In the case of tokens with a high risk of impermanent loss in Bitberry Exchange, IL may be resolved through pairing the high-risk token with BBR. Volatile tokens paired with BBR allow the users to farm more BBS (Bitberry Swap token) than regular pairs. Farming more BBS tokens will increase the general This may minimize the tokens with the high volatility that causes IL, which may cause various token's liquidity flows into Bitberry Swap.

Governance token usage related to BBR

Whereas the features of Bitberry Swap will be governed by BBS token, any other product that is related to BBR token including bbr.finance will be governed by BBR holders.