sBTCL3 (Smart BTCL3)
Last updated
Last updated
Smart BTCL3 (sBTCL3), a constituent of our governance model which can be acquired primarily through participating in the staking process of the standard BTCL3. When users stake their BTCL3 tokens, they receive an equivalent amount of sBTCL3 in 1:1 ratio, symbolizing their staked investment. This process secures your holdings for long-term investment, aligning stakeholder interests with the platform's growth and governance.
Holding sBTCL3 will grant users governance rights, which can be exercised in the later-introduced on-chain and off-chain snapshot-based voting systems. Token holders can propose and vote on key decisions that shape the project's future, which includes -
Voting Rights: sBTCL3 holders vote on ecosystem changes and proposals.
Proposal Submission: sBTCL3 users suggest new features and improvements.
Priority Access: Early access to new applications for sBTCL3 holders.
Discounts and Incentives: sBTCL3 offers special perks in future services.
Progressive Staking Rewards: Enhanced APYs and rewards for sBTCL3 staking.
Collateral Use: sBTCL3 as collateral in DeFi applications.
DApp Integration: Utilizing sBTCL3 in DApps for governance and payments.
Cross-Platform Utility: sBTCL3 eases transactions across the ecosystem.
The more sBTCL3 tokens a user holds, the greater their influence in these vital governance decisions, fostering a truly decentralized and community-led project.
To facilitate a transparent and efficient governance process, we use , a decentralized voting platform. This platform allows sBTCL3 holders to participate in governance proposals without spending gas fees, making the process accessible and cost-effective.
Snapshot.org offers several features that enhance our governance model like Gasless Voting, Proposal Creation and Transparent Voting Records.