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What is Blocto (BLT) token?

By Emily Rys | September 29, 2021

Blocto is designed with a user experience first approach and equipped with multiple features to address the aforementioned pain points.

FUTURE/UPCOMING PRODUCTS

Blocto Swap – First DEX on Flow (Launched):

Blocto Swap is the first decentralized exchange (DEX) built on the Flow blockchain, made by the Blocto team. Blocto Swap supports Ethereum / Flow Tether (USDT/tUSDT) teleportation, the accumulated trading volume now exceeds USD 10 million.

Blocto Auction House:

Blocto Auction House is a cross-chain NFT marketplace. Users can trade their digital collectibles on Blocto Auction House no matter where the token is initially issued.

Blocto Balancer:

Blocto Balancer is a cross-chain automated market maker (AMM) where users can deposit their entire crypto portfolio into Blocto Balancer and earn fees as other users trade against their portfolio.

Manage funds & NFTs across different blockchains:

Blocto now supports Ethereum, Tron, Flow, and Solana blockchain. Blocto users can get access to dApps and NFTs on different blockchains in just one App which eliminates the learning curve of getting familiar with different kinds of wallets.

Interact with multiple blockchains without holding its native tokens:

Bloctos’ smart contract wallet design allows users to interact with various blockchain applications across blockchains with Blocto points or BLT. Blocto also supports fiat to crypto purchasing, a convenient and safe entry point for our users.

Customizable user experience with seedless account management:

Blocto users can log in via their email account, a much more streamlined experience as if you’re logging in with any App you download within your App Store and Google Play Store.

Getting started with Blocto and Blocto SDK

Blocto is built with two goals in mind:

Make it simple for average users to use dApps

Make it simple for developers to build good dApps

For these goals we have built:

​Blocto app to reduce entry barrier and improve dApp experience

​Blocto SDK to help developers build awesome dApps with minimal effort

Boost the growth of your dApp with Blocto

In addition to basic web3.js provider functionalities, Blocto app provides various tools to boost your dApp growth.

Deep Linking User acquisition is ridiculously difficult for dApps. Blocto streamlines the sign-up process and make your marketing campaigns 80 times more effective with Blocto deep links.

Batch Transaction You can merge multiple transactions into one atomic transaction on Blocto.

Push Notification Push notification is a powerful tool most mobile web apps are missing. Blocto helps you bridge the gap and helps you push on demand.

Rewards You can improve activation and retention with Blocto’s reward APIs.

BLT TOKENOMICS

Blocto token (BLT) is the utility and governance token of Blocto, which serves as the foundation of our ecosystem and the interconnective link between the wallet, Blocto made products and our users.

dApp Mining: 25%

Staking Payout: 5%

Accelerator fund: 16% Native chain integration, important dApp partnership, or new product launch.

Ecosystem: 16% (75% 48-month linear vesting, 25% no lock-up)

Public Sale: 2% (1% for Community Sale, 1% for Public Sale)

Private Sale: 16% Linear vesting 1/18 each month starting from month 7th to month 24th.

Team & Shareholders: 6% Linear vesting 1/18 each month starting from month 7th to month 24th.

Founders: 14%Linear vesting 1/42 each month starting from month 7th to month 48th.

BLOCTO TOKEN FEATURES

dApp mining: BLT mining is an essential component of the BLT tokenomics and Blocto ecosystem. 25% of BLT supply will be distributed through BLT mining, meaning the majority of BLT is minted to our active users/developers. Since BLT is both a utility and governance token, the mining mechanism reinforces BLT holders’ position as part of the governing body of the Blocto ecosystem.

Utility: BLT holders are granted benefits/privileges when using Blocto-made products. Also, Blocto users can pay BLT as their network fee in supported blockchains. With each new blockchain integration, this particular feature is imminent to the successful adoption of new dApps and blockchains.

Governance: The majority of BLT is minted via mining and staking (30% of total supply). BLT token holders will have an opportunity to participate in the decision-making regarding the development and marketing of Blocto products, such as the Blocto features to be implemented and the blockchains to be integrated with the Blocto products. This ensures the BLT empowers our most active users/developers to shape the future direction of Blocto. We believe in building a decentralized ecosystem for our users by our users.

How and Where to Buy  BLT token?

BLT has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy BLT token.

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

Source: Coin Introduction <https://morioh.com/p/482d701ed114>

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