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    CryptoSML@bbs
    CryptoSML@bbs
    Feb 1, 2022, 19:39

    Find Your Answer  (Source - @AlaaEddineAhmed metabbs post)

    What is it ? 

    BBS is an ERC-20 token. It is used as the native currency of the BBS network, flowing between boards,  is also the standard payment method accepted by all BBSes in the network for : NFT, Ad buys

    Reason 

    to establish financial interoperability between the nodes 

    How it benefits you ?

    -  BBS tokens enable the holder to participate in the BBS DAO governance via staking and voting

    - Advertisers can use BBS tokens to purchase ad space on every board in the network and benefit from engagement mining

    Royalties from Ad revenues are distributed to the:

    -BBS DAO -BBS operators -board owners 

    How you can participate in  bbs DAO ?  

    To participate in the BBS DAO governance and participate in the staking rewards, BBS holders need to stake their tokens

    How much time is staking period ?

    - Staking period is user-defined and is at minimum until the end of the current quarter, and up to 12 additional quarters (three years).

    ★The benefits of staking ?

    BBS DAO revenues, staking rewards and liquidity fees are distributed to BBS token stakers Each additional quarter locked (up to 12), the staker will benefit from:

    ○ 25% DAO Voting power boost (up to 300%)

    ○ 25% Earning boost from staking rewards, liquidity fees and BBS DAO royalties

    ★What you can change as holder ? 

    BBS token holders can vote on governance proposals such as: ○ Smart contract upgrades ○ Liquidity management ○ Cross-BBS interoperability standards

    Note : if you have questions about BBS Network don't forget to  put it in the AMA channel 

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