What is Blocery (BLY)?
BLY is the native token of Blocery, which is a food supply chain ecosystem that utilizes a distributed ledger structure to exercise data transparency and reliability. The Blocery crypto project aims to build a strong bond between each of the participants in the chain to promote a new generation of food supply chain ecosystem that is both efficient and reliable. It aims to incentivize ecosystem participants by rewarding them with BLY tokens for sharing their data. This data can include production history, quality management, and more.
In order to maintain transparency in the ecosystem, the Blocery project uses IoT devices and a distributed ledger database to establish quality control that can’t be forged or altered. Blocery also launched MarketBly and Nicefood, which are decentralized applications that enable DTC to overcome the traditional centralized system that capitalizes on excessive gross profits.
Besides, Blocery provides consumers with production history and sales information to build trust. The Blocery price on the market is completely dependent on the trust built between each of the participants in the ecosystem.
The network consists of four market participants – producers, manufacturers, distributors, and consumers. Producers are contracted through smart contracts. They ensure quality management and minimal food waste. Manufacturers improve brand identity and trust. They minimize costs in the supply chain. Distributors expand and improve the logistics value chain. They ensure transparency and stability in the distribution of goods. Finally, consumers are the last party in the chain.
Use Cases of BLY Tokens
The native token of the Blocery ecosystem is called BLY. The BLY price in the market relies on this utility token to properly motivate participation in the ecosystem.
Within the Blocery ecosystem, BLY Token can be used as a medium for all transactions and contracts. This includes data provision, payment for data usage, dispute resolution, and contract fulfillment guarantees.
Moreover, BLY tokens can be used for staking. Besides, by staking, users receive rewards in BLY tokens, which leads to another use case.
Lastly, Blocery provides various dApp services. BLY tokens can be used as a means of payment within these dApps.
Tokenomics of BLY
There is a total token supply of 1 million Blocery coins, and no more tokens will ever be issued. However, the project may buy back BLY tokens and burn them if necessary to maintain the Blocery price stability in the market.
These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.
Followers
7.32K
Followers: 7,321
0.41%
Following
70
0.00%
Posts count
139
0.00%
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
Subscribers
-
Subreddit type
-
Moderators
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Currently, official Blocery (BLY) Reddit Stats account doesn't exist or wasn't submitted. 🔆 Submit Now
These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
Members
2.3K
Members: 2,304
0.35%
Title
Blocery Official
These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Website Rating (DR)
21 / 100
4.35%
Ahrefs Rank
7,262,950
3.46%
Organic Traffic (mo.)
0
These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
Public repos
6
Type
Organization
These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.
Stars
-
Watchers
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Forks
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Language
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Currently, official Blocery (BLY) GitHub Public Repository doesn't exist or wasn't submitted. 🔆 Submit Now
Blocery hot topics
Currently, official Blocery Reddit account doesn't exist or wasn't submitted. 🔆 Submit Now
@blocery posts