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4.2 What is BSPT used for? BSPT serves as the basis for transactions and interaction within the NFT platform, and it can be used and acquired by Athletes, Creators, Clubs and Fans in multiple ways. • Access the NFT platform: Creators spend BSPT to mint sports NFTs. Collectors use BSPT to auction or buy NFTs. Fan Token sales drive demand for BSPT to purchase Fan Tokens. • Staking: BSPT allows for staking, which allows for passive revenues on NFTs: you get more BSPT by staking NFTs or BSPT. • Governance: Holders of BSPT tokens can participate in community governance and manage the platform's NFT for creators and clubs. • Voting: Holders of BSPT can submit and vote on proposals about trading fees and new features to be developed. 4.3 Token Distribution There will be a total of 1,000,000,000 BSPT tokens that will be created, and the token distribution of the BSPT will be as follow: Seed Round 3% Private 11% Staking 40% Public 1% Advisor 3% Team 20% Marketing 12% Strategic 10%PDF Image | Blocksport NFT Platform Whitepaper
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