Introduction of Butane Protocol (BTN)
Brief Introduction
Butane is an advanced synthetics platform on the Cardano Network. BTN is the native token of the Butane Protocol, used for governance, staking, and as an alternative for CDP interest repayment.
Please note: All information on this page is provided by the project team. Strictly for references only.
Project Highlights
Trade real-world assets on Cardano without needing to physically own them or needing to use a cross-chain bridge. Explore different synthetic types which can be used to hedge against risk, speculate on price movements, or gain exposure to an asset class. All synthetic tokens are backed by CNT collateral.
Current Token Allocation:
Category | Amount | % of Total Supply |
Public | 10,750,000 | 43% |
Protocol | 6,625,000 | 26.5% |
Team and Partners | 10,000,000 | 17% |
Treasury Hedge | 4,250,000 | 9% |
Private Sale | 2,250,000 | 3% |
Miscellaneous | 750,000 | 1.5% |
Total Supply | 25,000,000 | 100% |
Total Supply: 25,000,000 BTN
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The MEXC Team
28 March 2024