BZRX is the most powerful open finance protocol to build applications that empower lenders, borrowers, and traders with the most flexible decentralized finance protocol on Ethereum.
The BZRX token is a governance token. Collectively, the token holders have the power to upgrade the protocol as they see fit, only constrained by the checks-and-balances of the bZxDAO. This allows token holders to create incentives to reward participation and drive usage of the protocol. A number of proposals have been made to capture value and drive participation in governance. These include:
Fee sharing for participation in governance; fee mining incentives for protocol users; using the floating liquidity from unclaimed fees to liquidity mine BAL rewards; asset backing the token with the insurance fund.s
Full name: bZx Protocol
Token symbol: BZRX
Issue date: July 13, 2021
Total supply: 1,030,000,000
Circulating supply: 156,166,585
Official website: https://bzx.network/
White paper: https://bzx.network/
Blockchain explorer: https://cn.etherscan.com/token/0x56d811088235F11C8920698a204A5010a788f4b3
Disclaimer: this introduction derives from the white paper and other official information released by the official project team so that investors can better understand the token and the corresponding project. The content of this paper is obtained through legal channels to ensure the reliability, accuracy and completeness of the information as far as possible, but the accuracy and completeness of the information mentioned in the report are not completely guaranteed. The content of this paper cannot be used as the basis for investment research decisions, moral, responsibility and legal basis or evidence, whether explicitly or implicitly.