The native token of the Bitlocus ecosystem — the BTL token is a core part of Bitlocus. It is also closely connected to the Bitlocus Loyalty Program offering different benefits for different account levels.
If you don’t have any clue how these two could be intertwined, dive deeper into this article.
The Bitlocus Token
The official token of the Bitlocus ecosystem is the BTL token. It’s the native utility token of the Bitlocus exchange, which fuels the whole Bitlocus ecosystem.
The main utility purposes for the token include:
- DeFi — Using the Bitlocus DeFi tool BTL holders can expect significantly larger interest rates.
- Access — Some certain features and services are only available for BTL holders.
- Rewards — BTL token holders can earn extra rewards on and off the platform by participating in staking events.
These are only the current BTL token use-cases. In the future, we plan to open up a lot more avenues for Bitlocus Token holders to utilize their tokens.
The Bitlocus Account Level Program is a system of rewarding Bitlocus platform users with extended benefits based on their account level.
The size of the benefits depends on which level of account you are included in — Base, Silver, Golden, and Platinum.
BTL Tokens and Account Levels
The amount of BTL tokens you hold determines your account level. Thus, it determines the amount of maximum interest rate you can earn. The more BTL tokens you hold, the higher your account level and the more benefits you get.
How to Raise Your Account Level?
There are 4 account levels in the Bitlocus Loyalty Program — Base, Silver, Golden, and Platinum. Every account level requires a different amount of BTL tokens to be held or staked on your account.
The Base Level (Default Level) requires no BTL tokens and gives interest rates of up to 12%.
The Silver Level requires having at least 5% of your portfolio in BTL tokens and allows earning up to 14% of interest.
To reach the Golden Level, you’d need at least 10% of BTL tokens to earn 15% of annual interest.
The highest — Platinum Level, requires holding at least 15% of your investments in BTL tokens to earn up to 16% of interest on your investments.
Here’s an example:
You have 10,000 EUR in your portfolio as an investment. But you want to have the Silver Level for your account to earn 14% interest. You’d have to additionally acquire 5% of that sum in BTL tokens — around 500 EUR.
Bitlocus Token Staking
Another way you could utilize the BTL tokens that you’ve acquired for your account level — is BTL token staking. BTL staking is a great way to earn extra BTL rewards by barely lifting a finger.
We organize various staking events, that run anywhere from 30 to 90 days — distributing as much as 300,000 $BTL tokens in rewards. You can earn as much as 50–60% interest rate on your staked Bitlocus Tokens, easily increasing your total token amount and upgrading your account level.
Currently, you can stake your $BTL tokens on the Terraformer platform. The 90-day staking event will be available until May 5th. 300,000 BTL tokens will be distributed as a reward among all the participants of the staking program.