BitNet Whitepaper
  • COMPLIANCE STATEMENT
  • ABSTRACT
  • 2. Introduction
    • 2.1 Background
      • 2.1.1 Market Needs & Challenges
      • 2.1.2 Competitive Landscape
      • 2.1.3 Opportunities
  • 2.2 Vision & Mission
  • 2.3 Overview of the Solution
  • 3. Solution Overview
    • 3.1 Why BitNet is Poised for Success
  • 4. Bitnet Halving
    • 4.1 BitNet Halving: A Sustainable Tokenomics Model
    • 4.2 How the Halving Works
    • 4.3 Impact on Supply, Demand, and Token Value
    • 4.4 Enhancing Network Security and Validator Participation
  • 5. Consensus & Scaling Innovation
    • 5.1 Hybrid Consensus Mechanism for Subnets
    • 5.2 Multi-Layered Scaling Solution
  • 6. Subnet & Execution Innovations
    • 6.1 Adaptive Subnet Structure
    • 6.2 Modular Execution Layers for Subnets
  • 6.3 Optimistic Rollup Flow for AI Subnet
  • 7. Cross-Subnet Composable Smart Contracts
    • 7.1 Next-Gen Interoperability with Cross-Subnet Tech
  • 8. Security & Identity Innovations
    • 8.1 AI Decentralized Identity (AI-DID)
    • 8.2. Quantum-Resistant Cryptography Layer
  • 8.3 Quantum-resistant Wallet
  • 9. Developer & Storage Innovations
    • 9.1 Universal Developer Kit
    • 9.2 Decentralized Storage with Adaptive Compression
  • One-Click Tools
  • 10. ECOSYSTEM
    • 10.1 Decentralized Exchange (DEX)
    • 10.2 NFT Marketplace
    • 10.3 Launchpad
    • 10.4 Bridge
    • 10.5 Oracle
    • 10.6 Subgraph
    • 10.7 zk-Bridge
    • 10.8 Cross-Pool Vault
  • 11. Tokenomic
    • 11.1. Token Allocation
    • 11.2. Token Utility
  • 12. Roadmap
    • Milestone Timeline
  • Social Media
  • References
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  1. 11. Tokenomic

11.2. Token Utility

Utility of the BNC Token

The BitNet Coin (BNC) is the native utility token that powers the BitNet ecosystem. It plays a fundamental role in ensuring secure operations, incentivizing participation, enabling decentralized governance, and driving adoption across dApps and infrastructure.

Key Utilities of BNC

1. Transaction Fees BNC is used to pay for transaction execution and smart contract interactions across the BitNet mainnet and its application-specific subnets. Its low-fee design supports scalable DeFi, NFT, and enterprise use cases.

2. Staking and Network Security To maintain network integrity, users can stake BNC to become validators or delegate to existing nodes. Stakers help secure the Proof-of-Stake layer and receive protocol rewards in return, incentivizing honest participation.

3. Governance BNC holders are granted voting rights to shape the future of the BitNet protocol. Through governance proposals and decentralized voting mechanisms, the community can adjust parameters, approve upgrades, and allocate ecosystem grants.

4. Ecosystem Usage BNC fuels a growing suite of decentralized applications, including DEXs, NFT marketplaces, launchpads, and bridges. It is the core medium of exchange and collateral within BitNet's modular financial layer.

5. Community Rewards Active contributors — from developers and creators to node operators and ecosystem promoters — can earn BNC for their efforts. This incentive structure supports grassroots innovation and broad community engagement.

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Last updated 5 days ago