
Although 'BFI' was the ticker assigned at the deployment of the BitDefi Token's smart contract, it is also in use by another asset with a larger market presence and higher trading volume on major exchanges. To avoid confusion in the marketplace, the alternative ticker 'BITDEFI' has been adopted for this token. This designation ensures that assets are distinctly identified.
BitDEFi (BFi) is a fully-embedded governance, loyalty discounts, and deflationary mechanisms at its core. Decisions made on the DeFiat network are voted on and fully orchestrated by BFi holders. Every time a transaction occurs on the network, a fee is distributed to network participants and tokens are burned to facilitate the transaction, naturally decreasing supply. Transaction fees are repurposed as staking rewards, creating a circular economy.