Blacksmith Token BS Price

What is Blacksmith Token (BS)?

In the dynamic landscape of blockchain technology, Blacksmith Token (BS) emerges as a unique digital asset, serving as the key to unlock the full potential of the Blacksmith AI platform. This innovative token introduces a host of features, including burn mechanisms, liquidity incentives, staking rewards, and the promise of additional use-cases across the expanding Blacksmith suite of products.

At the core of the Blacksmith ecosystem is the staking mechanism, where 90,000,000 BS (9% of the maximum supply) is dedicated to staking and liquidity mining incentives, distributed over a 365-day period. Users can stake their tokens, choosing from various lockup durations to receive a share of liquidity mining incentives, paid in BS tokens. A minimum 14-day lockup period is set, allowing users the flexibility to withdraw their locked stake at any time while burning 50% of their total earned rewards.

For those seeking higher rewards, longer lockup durations are available, albeit with the trade-off of being unable to withdraw the locked stake before the lock period concludes. Users opting for extended lockup periods have the option to claim 50% of their total earned rewards, burning the other half.

However, the real intrigue lies in the exclusive access to the Blacksmith AI platform, achievable only through the possession of the elusive Forge Key NFTs. These keys, which do not exist yet, will be required for full access to the Beta version of the platform. Importantly, users are warned against interacting with anything claiming to be a Forge Key NFT without explicit notice.

To obtain a Forge Key, users must engage in the 'smelting' process, which involves burning BS tokens, forever removing them from circulation. Forge Keys will be crafted on a first-come, first-serve basis, with a hard cap of 50 keys ever to exist. Each time a Forge Key is crafted, approximately 7,000,000 BS must be smelted, contributing to a decrease in the circulating supply.

With a circulatory supply of 225,000,000 BS at launch, only 32 Forge Keys will be craftable for the first round of Beta testing. The remaining 18 keys will become available as the remaining 125,000,000 BS tokens enter circulation through rewards and incentives.

Owning a Forge Key unlocks a realm of privileges, including unlimited access to the Blacksmith platform during the Beta phase, zero-fee trading, exclusive membership in 'The Forge' – a private Telegram group for key holders, and priority consideration for future products, offerings, and rewards.

In conclusion, Blacksmith Token not only introduces novel features within its ecosystem but also offers a tangible and exclusive gateway to the cutting-edge Blacksmith AI platform. As the world eagerly awaits the launch of Forge Keys and the subsequent Beta testing, the Blacksmith ecosystem stands poised to reshape the landscape of blockchain-powered artificial intelligence.

Blacksmith Token's distribution includes mechanisms like staking rewards and the crafting of Forge Keys, where a significant portion of circulating supply needs to be smelted to craft each key, thereby affecting the circulating supply dynamics.

What is unique about Blacksmith Token (BS)?

Blacksmith Token (BS) offers token-gated access to the Blacksmith AI platform and introduces burn mechanisms, liquidity incentives, and staking rewards. It also features Forge Keys, which grant exclusive access to the platform and privileges like zero-fee trading and participation in private groups.

Who are the founders of Blacksmith Token (BS)?

Founder of this project is anonymous.

Who are the backers/investors of Blacksmith Token (BS)?

Specific supporters and investors of the project are unknown. For up-to-date investor/backer information, please visit the project's official website.

Where can I buy Blacksmith Token (BS)?

You can buy Blacksmith Token (BS) on Uniswap V2 (Ethereum) cryptocurrency exchanges.