😎Tokenomics

$Btcm is the lifeblood of the first collaborative universe, and its design and distribution are critical to ensure that those who have believed in the Doodles vision are given the highest ability to collaborate. Here we outline $Btcm’s key tokenomics:

Multi-Chain Adoption

$Btcm will launch with a total supply of 210000000 tokens​, initially on the Bsc blockchain for fast and low-cost transactions. We will bridge $Btcm to Base L2 shortly thereafter, establishing it as a cross-chain asset. This allows the widest reach (Bsc for speed and breadth, Ethereum/Base for integration with existing NFT markets and the first iteration of DreamNet).

$Btcm Utility

$Btcm will pair with various idea tokens as DreamNet is expanded. We will be starting this implementation with the Agent Terminal and its subsequent tokens.

  • Agent Token Pairs:

    • Every Agent Token is paired with $Btcm in its liquidity pool​, requiring market purchases of $Btcm for every $<agent> purchase.

    • The creation of an Agent Token requires the lockup of $Btcm to fund its creation, reducing its liquid supply.

    • Agent inference and ability levels are charged in $Btcm from an autonomously controlled wallet.

    • Agent-to-Agent Token purchases create an automated economy of $Btcm swaps that scale with the size of the character universe.

  • Place Pairs and Reference Fees:

    As these elements of DreamNet are developed we will update this document to reflect $Btcm's potential integrations with these features. The designed intent would be:

    • Lock $Btcm in the creation of Place Tokens (and lock Place Tokens in order to move an agent to this place or become a Contributor).

    • Leverage $Btcm as the asset of payment for the use of the Vector Worldstate via Reference Fees.

  • Additional Utilities:

    • $Btcm will be used to pay for inferences in graphics and media creation tooling used to propel the creator ecosystem. These may be built in house or by developing partners.

    • $Btcm holders (or stakers) may be able to earn Universe Tokens from platform created universes as they are created.

    • As the foundational universe to bootstrap the creation of DreamNet, $Btcm may receive lock ups from fees accrued by additional universe infrastructure costs.

Use Cases

In all cases, $Btcm is the medium of exchange: to create, you need $Btcm; to participate, you need $Btcm.

This means as the Doodles universe grows and more content is created and consumed, demand for $Btcm should increase. Moreover, significant portions of $Btcm become locked in liquidity pools (every new character or place ties up $Btcm, and idea tokens cumulatively lock up liquidity as they graduate) or in protocol reserves (from fee splits). This creates a deflationary pressure in practice, benefiting $Btcm holders.

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