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
