Press Release
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Dec 15, 2022 16:00 EST
PLEASANT GROVE, Utah, December 15, 2022 (Newswire.com)
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Block Busters Tech, Inc. is the company behind the Block Busters token on the Binance Smart Chain. The company has created a protocol function that allows the token to generate liquidity from various sources in DeFi, ensuring the provision of liquidity for the project.
What is the Growth Rewards Pool?
The Growth Rewards pool is a component in the contract that collects a variety of DeFi tokens that have a similar function; they reward users for simply maintaining possession of the token. For example, Glow is a token on the Binance Smart Chain that provides users a combination of rewards in the form of BUSD, XRP, and BBTF. The rewards pool as a result of the BBTF fee structure will collect Glow at the rate of 2% of each transaction. As a result, each transaction in the token will increase the amount of Glow in the Growth Rewards Pool. As transactions of Glow occur, the holdings in the Growth Rewards Pool will receive rewards in BUSD, for example. Once the BUSD is received, it is variably converted to BNB and then used to inject liquidity into the BBTF token.
The innovation in this design is that it is both automated and perpetual. As the tokens reflected by BBTF evolve, the rewards pool becomes increasingly diversified, resulting in the collection of rewards tokens from more diverse sources.
Theoretically, this function could continuously trigger liquidity injections at a rate that rapidly increases. While the model is contingent upon volume, it ensures that BBTF will be a more probable benefactor of potential volume in DeFi.
Source: Block Busters Tech, Inc.
