Unlocking Social Media Transactions with BluebirdX on Songbird
BlueBird is bridging social media and blockchain. Built on the Songbird Network.
White Paper
White Paper
White Paper
Welcome to the dawn of a new era in blockchain technology and social media interaction. BlueBirdX is at the forefront of this revolution, with a core project goal to achieve cross-platform functionality and bridge the gap between blockchain and social media. This groundbreaking initiative is set to redefine how we transact and interact ac
Welcome to the dawn of a new era in blockchain technology and social media interaction. BlueBirdX is at the forefront of this revolution, with a core project goal to achieve cross-platform functionality and bridge the gap between blockchain and social media. This groundbreaking initiative is set to redefine how we transact and interact across various platforms, bringing the power of blockchain to the fingertips of social media users worldwide.
**Proof of Exchange: Igniting the Revolution**
As the first step in this exciting journey, BlueBirdX is launching a unique decentralized application (dApp) that leverages a novel mining process called "Proof of Exchange". This innovative concept allows users to transact eligible tokens and mine the initial supply distribution of BlueBirdX (BBX) tokens. Built on the Songbird Network, an EVM-compatible blockchain, BlueBirdX ensures fast, secure, and cost-effective transactions.
**Commitment Rewards: Celebrating Loyalty**
BlueBirdX isn't just about transactions; it's about building a community. To encourage user loyalty and long-term participation, BlueBirdX offers a varied array of rewards systems to users who commit to the project and keep their tokens in their wallet and liquidity pools. It's a unique way of saying 'thank you' to our dedicated users.
**The Future: Uniting Blockchain and Social Media**
While the Proof of Exchange dApp marks the beginning of our journey, it's just the tip of the iceberg. BlueBirdX has ambitious plans to bring decentralized payment services to all major social media platforms, enabling users to link their chosen handles with their crypto wallets for seamless transactions across various platforms. In addition, BlueBirdX aims to provide comprehensive wallet solutions, advanced charting capabilities for Songbird and Flare, and integrated token exchange functionality.
Stay tuned as we embark on this exciting journey to revolutionize blockchain and social media interaction!
Tokenomics
White Paper
White Paper
BlueBirdX Tokenomics: A Comprehensive Guide
BlueBirdX operates with a unique and robust tokenomics model designed to create a balanced and stable ecosystem. The model incorporates a blend of mining, rewards, fees, anti-whale mechanisms, and liquidity provider incentives.
### Total Supply:
BBX has a capped total supply of 5 billion tokens. Th
BlueBirdX Tokenomics: A Comprehensive Guide
BlueBirdX operates with a unique and robust tokenomics model designed to create a balanced and stable ecosystem. The model incorporates a blend of mining, rewards, fees, anti-whale mechanisms, and liquidity provider incentives.
### Total Supply:
BBX has a capped total supply of 5 billion tokens. This fixed supply creates scarcity, a fundamental aspect that can potentially drive the value of the tokens over time.
### Mining and Reward Distribution:
BBX tokens are primarily distributed through a mining process. Users transacting eligible tokens are rewarded with BBX tokens. The reward amount is calculated based on the transacted amount and the current mining rate. The base mining rate is reduced by 10% each time the total mined supply hits a 10% milestone of the remaining supply. This mechanism ensures a gradual decrease in the rate of new token creation, further promoting scarcity and potentially enhancing the tokens value over time.
In addition to the user, the liquidity pool, development fund, and team advisors also receive a portion of the minted reward tokens. The distribution rates are set at 17% of all tokens mined dedicated to liquidity, project development and promotions, and 3% for the team and advisors. The portion distributed to team and advisors goes to a unique time lock contract that only allows for withdrawal of 25% of the contracts content once every 30 days. These funds may be used for anything related to project expenses including retaining any potential future team members while supporting liquidity and development of BBX rewarding the team and advisors for their contributions ensuring long term commitment to the project.
### Claiming Rewards:
Users can claim rewards dynamically, with the frequency of claims set to accommodate demand and market conditions. The reward is 0.01% of the user's token balance. However, users who have moved tokens from their wallet or transacted on DEX are disqualified from claiming rewards. This mechanism encourages users to hold their tokens and discourages frequent transfers, which can lead to price volatility.
### Strategies for Accumulation:
1. **Mining Tokens on the Platform**:
Users can accumulate BBX by mining tokens on the platform and utilizing the claim rewards button without transferring tokens. This strategy incentivizes users to hold tokens without spending.
2. **Becoming a Liquidity Provider on FeatherSwap**:
Holders of eligible FeatherSwap LP tokens deposited to eligible farms will be subject to additional liquidity rewards from the BlueBirdX project funds accumulated through mining and transaction fees. This alternative strategy provides another avenue for users to accumulate BBX.
**Note**: Users may hold BBX and utilize the claim rewards function or become a liquidity provider on FeatherSwap, but not both at the same time from one wallet. Interacting on DEX will disqualify users from the claim rewards function. If a user wants to implement both strategies, they may employ two separate wallets.
### Team Advisor Distribution:
Team advisors have their tokens allocated to a separate timelock contract that only allows withdrawal of 20% of its contents once every 30 days. This staggered distribution ensures that the team advisors remain committed to the project over the long term.
### Anti-Whale Mechanisms:
BBX incorporates several anti-whale mechanisms to discourage large holders from manipulating the token's value and to deter volatility. These mechanisms include a tiered fee structure, a maximum wallet balance, and a transfer limit.
#### Tiered Fee Structure:
BlueBirdX's transfer fee structure is crafted to disincentivize dumping large amounts of tokens all at once. It's a sliding scale that targets whales creating high volatility:
- Up to 100,000 BBX: 0.111% fee (Smallest fee for regular users)
- 100,000 to 250,000 BBX: 1% fee
- 250,000 to 500,000 BBX: 1.5% fee
- 500,000 to 1,000,000 BBX: 2.5% fee
- Above 1,000,000 BBX: 5% fee (Highest fee targeting whales)
Why This Structure?
This fee structure encourages healthy trading and holding behavior. Small transactions face minimal fees, making the token accessible and attractive to everyday users. On the other hand, large transactions (whales) incur significant fees, discouraging sudden large sell-offs that can destabilize the market.
How Are Transfer Fees Used?
- 85% supports the project's development and growth.
- 15% rewards team advisors for their contributions.
#### Maximum Wallet Balance and Transfer Limit:
The maximum wallet balance is set at 0.5% of the total BBX supply, preventing any single address from accumulating a large percentage of the tokens. The transfer limit restricts the amount of tokens that can be transferred in a single transaction, further discouraging large transfers.
Through these mechanisms, BBX aims to create a more balanced and stable token ecosystem, rewarding active participants, supporting liquidity, and discouraging manipulation and volatility. The dual strategies for accumulation—mining tokens on the platform and becoming a liquidity provider on BlazeSwap—provide users with diverse opportunities to grow their BBX holdings.
Our GitHub
Note that the development build is not optimized, the contents of this page may not accurately represent the entire state of the project.
