What is the BROCK Token?

The native token of the Bitrock blockchain is BROCK, launched with a fully circulating supply, meaning there are no locked or vested tokens waiting to be released into the market. This eliminates concerns around potential token dumps by early investors or team members, a common issue with projects that maintain locked supplies or extended vesting schedules.

The BROCK token serves multiple functions in the Bitrock ecosystem, supporting its operations and providing utility to participants. As an ERC-20 token launched on the Ethereum blockchain, BROCK can be easily traded and used across Ethereum-based decentralized applications (DApps) and exchanges. Here’s a breakdown of its utility and tokenomics:

Utility of BROCK Token

1. Transaction Fees: BROCK is used to pay for transaction fees on the Bitrock blockchain. With Bitrock’s near-zero gas fees, users can perform transactions with minimal costs, with the low fees making it efficient for decentralized finance (DeFi) projects, developers, and users who require high transaction throughput at minimal costs.
2. Staking and Validator Rewards: BROCK supports staking, allowing users to lock up their tokens and contribute to the security of the network. Validators, in turn, are rewarded with tokens for validating transactions and securing the network, which incentivizes participation and keeps the network decentralized.
3. Governance: BROCK holders have the ability to participate in governance decisions, enabling them to vote on proposals that affect the future development of the network.

Tokenomics of BROCK

1. Total Supply: Bitrock launched with a fully circulating supply, meaning all tokens were available at launch with no locked or vested tokens, to ensure transparency and avoid concerns about token unlock events leading to potential dumps by early investors.
2. Tax Distribution: Transactions involving the BROCK token are subject to a 4% tax. Of this, 3% is allocated for development, which supports ongoing project advancements and innovations, and 1% goes toward liquidity, ensuring the market remains stable and liquid.
3. Listings: BROCK is listed on several decentralized and centralized exchanges, such as Uniswap, Bitmart, and MEXC. This makes it accessible to a wide range of users, providing liquidity and trading opportunities across platforms.

These aspects of BROCK’s utility and tokenomics make it a versatile token within the Bitrock ecosystem, supporting low-cost transactions, incentivizing network security, and fostering community-driven governance.

What is USDB?

The USDB token is the native stablecoin on the Bitrock blockchain, designed to maintain a 1:1 peg with USDT (Tether) on the Ethereum network. This stablecoin was created in partnership with Wanchain to facilitate cross-chain transactions between the Bitrock and Ethereum ecosystems.

USDB’s primary function is to provide users with a stable asset for conducting transactions within the Bitrock ecosystem. As a stablecoin, USDB mitigates the price volatility associated with most cryptocurrencies, making it ideal for applications where value stability is necessary, such as payments, remittances, or financial services within decentralized applications (DApps).

Utility of USDB Token

1. Cross-chain Transactions: USDB facilitates cross-chain asset transfers within the Bitrock ecosystem. Users can easily bridge their USDT (ERC-20) from Ethereum to USDB (BROCK-20) on the Bitrock network, allowing for stable, low-cost trading across different blockchains.
2. Stable Store of Value: USDB provides stability in value, making it ideal for use in decentralized finance (DeFi) applications within the Bitrock ecosystem. Users can trade, stake, or provide liquidity using USDB, which offers a consistent value pegged to the U.S. dollar, shielding users from the volatility of other cryptocurrencies.
3. Trading on Rockswap: USDB can be used on Rockswap, Bitrock’s native decentralized exchange (DEX), for trading across multiple chains. The stability offered by USDB allows for reliable liquidity pools, ensuring efficient trading and minimal slippage during swaps.

Tokenomics of USDB

1. Pegged to USDT: USDB maintains a stable value by being bridged 1:1 with USDT, a widely used stablecoins in crypto. This peg is sustained through the Bitrock Bridge, allowing users to convert USDT to USDB and back.
2. Bridging Fees: When transferring USDT to USDB using the Bitrock Bridge, a 0.5% bridging fee is applied. This fee supports the operational costs of the bridge and incentivizes liquidity in the ecosystem. Users are required to approve their tokens for the first transfer when using the bridge, after which the process becomes more streamlined for future transactions.
3. Liquidity and Stability: USDB provides liquidity to the Bitrock ecosystem by offering a stablecoin option within decentralized applications. USDB helps maintain liquidity pools and ensures that users have access to a reliable medium for trading and transactions

Staking Opportunities and APYs for Users

Staking is an important feature of the Bitrock ecosystem, allowing users to lock up their BROCK tokens to help secure the network while earning rewards. Staking is available on both the mainnet and Ethereum sides of the platform, with different APY rates depending on where the tokens are staked.

On the Bitrock mainnet, staking rewards can reach up to 60% APY, making it an attractive option for users looking to earn high yields on their holdings. The high APY on the mainnet is designed to incentivize participation and long-term commitment to the network. Users who stake their tokens contribute to the security and functionality of the network by validating transactions and participating in consensus mechanisms.

For users who prefer to stake on the Ethereum side of the platform, the APY is slightly lower, averaging around 30% APY. While still competitive, this option allows users to participate in staking without fully migrating their assets to Bitrock’s mainnet.

Highlights

• The total supply of BROCK matches its circulating supply, ensuring transparency and eliminating the risk of token dumps.
• BROCK is primarily used for paying transaction fees, staking, and governance in the Bitrock ecosystem.
• USDB is a stablecoin bridged with USDT, facilitating cross-chain transactions and maintaining liquidity.
• Staking opportunities are available on both the mainnet (60% APY) and the Ethereum side (30% APY), providing users with flexible options for earning rewards.
• Staking not only offers rewards but also contributes to the network’s security and decentralization.