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What Is Butterfly Protocol (BFLY)?
Butterfly Protocol is a decentralized autonomous organization (DAO) that aims to replace the Domain Name System (DNS) system and change the economics of domain ownership.
To learn more about this project, check out our deep dive of Butterfly Protocol.
The team behind the project claims that the ability to remove central control from people and governments is paramount to creating a lasting uncensored internet. Butterfly Protocol launched in February 2021.
BFLY is the platform’s ERC-20-compatible native utility token built on the Ethereum (ETH) blockchain. It is used to sponsor the creation of new top-level domains (TLDs). Token holders can receive 15% of the airdrop of ERC-20-compatible tokens created with each domain.