Verified OGs:
9
CryptoFam:
224
Projects:
26530
BTC:
$108,746
0.13%
ETH:
$4,458.21
1.34%
ETH Gas
Low
Avarage
High
Data by Etherscan
Market Cap:
$3.87T
Fear&Greed:
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Butterfly Protocol BFLY Logo
Butterfly Protocol BFLY
$0.00433 0.00%
OG Score 0
Reviews 0
Butterfly Protocol BFLY Logo

Butterfly Protocol BFLY Price

$0.00433 0%
Low All Time High
$0.00430866 $2.43

Introduction

Butterfly Protocol (BFLY) is a blockchain-based solution aiming to decentralize domain registration. More

OG Score 0
Reviews 0
Market Cap $81,796
Market Cap Rank # 4747

Token Stats

Fully Diluted Valuation $433,267
24H Trading Volume $6
24H Low / High $0.00 / $ 0.00
Circulating Supply 18.88 M
Total Supply 100.00 M
Max Supply

Info

Categories NFT
Founder Josh Robinson 2 more
Website butterflyprotocol.io
Socials 1 more
Explorer Etherscan 1 more

BFLY/USD Price Chart

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$BFLY Community Sentiment

OG Evaluation

OG Score

OG Score Rank #NA
Reviews 0
Gem Score N/A

OGAudit Coin Evaluation Metrics

Innovation 0 .00
Innovation Evaluates whether the project introduces a unique, impactful solution that clearly outperforms competitors.
Security 0 .00
Security Assesses the robustness of smart contracts or protocol security, and the availability of up-to-date audit reports.
Community 0 .00
Community Measures how actively the team engages its community and whether governance decisions involve on-chain voting or transparent input.
Tokenomics 0 .00
Tokenomics Examines the utility of the token, distribution fairness, and whether there are clear incentives for long-term holding or usage. Also evaluates the project’s revenue model, including income sources, sustainability, and whether value flows back to token holders or the ecosystem.
Team 0 .00
Team Evaluates the experience,credibility of the founding and development team.
Roadmap 0 .00
Roadmap Assesses the clarity, transparency, and timely execution of the project's development roadmap.

Butterfly Protocol $bfly User Reviews

What Crypto OGs are Saying About Butterfly Protocol

$bfly Markets

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About Butterfly Protocol $bfly

What is Butterfly Protocol (BFLY)?

The digital realm is witnessing a paradigm shift with the emergence of Butterfly Protocol, a blockchain-based solution challenging the conventional domain registration landscape. Let's explore the core aspects of Butterfly Protocol and its potential to redefine domain ownership.

Decentralizing Domain Registration:

Butterfly Protocol stands out as a pioneering initiative aiming to decentralize domain registration. By leveraging blockchain technology, it seeks to offer users permanent ownership of their domains, thereby challenging the centralized control prevalent in the traditional DNS system.

Token Economy and Utility:

Central to Butterfly Protocol's ecosystem is its native utility token, BFLY. Running on the Ethereum blockchain as an ERC-20 token, BFLY facilitates the creation of new top-level domains (TLDs) and enables domain sponsorship. Additionally, token holders receive 15% of ERC-20 compatible tokens created with each domain, fostering community engagement.

Ownership and Control:

One of Butterfly Protocol's distinguishing features is its emphasis on granting users absolute control over their domain information. By eliminating intermediaries like domain registrars, it allows users to securely purchase and own TLDs using BFLY tokens, ensuring uninterrupted ownership.

Innovative Token Structure:

Butterfly Protocol employs an innovative token structure comprising ERC-721 non-fungible tokens (NFTs) for individual domain names and ERC-20 tokens for fractional ownership. This transparent framework enables trustless buying and selling of domains through a built-in auction site.

Expanding Ecosystem and Use Cases:

As Butterfly Protocol progresses along its development roadmap, it aims to expand its ecosystem by introducing more decentralized applications (DApps) and unlocking additional TLDs for sale. Furthermore, plans are underway to utilize the Interplanetary File Transfer Protocol (IPFS) for hosting DApps and data, ensuring robustness and resistance to tampering.

Accessing the Butterfly Protocol Network:

Accessing domains registered through Butterfly Protocol requires the installation of a browser extension or the use of the proprietary Butterfly browser, slated for future release. This alternative root system ensures compatibility while offering users enhanced control over their digital assets.

In essence, Butterfly Protocol represents a groundbreaking endeavor poised to democratize domain ownership and foster a more decentralized web ecosystem.

What is unique about Butterfly Protocol (BFLY)?

Butterfly Protocol revolutionizes domain ownership by utilizing blockchain technology, offering permanent ownership of domains without recurring fees, and allowing for flexible naming structures, including emojis and non-ASCII characters.

Who are the founders of Butterfly Protocol (BFLY)?

Butterfly Protocol is led by a multidisciplinary team, including President Dana Farbo, and co-founders Josh Robinson, Justin Laue, and Cortland Langworthy.

Who are the backers/investors of Butterfly Protocol (BFLY)?

While specific backers/investors may vary, Butterfly Protocol successfully completed an initial DEX offering (IDO) on the Polkastarter platform, raising over 70 Ether (ETH) in February 2021.

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