What is BSC Station (BSCS)?
BSCS is the native token of BSC Station, which is a multi-chain full-stack DeFi platform and an all-in-one incubation hub based on the Binance Smart Chain. In essence, it's a platform that provides users with all the necessary tools for launching new projects on the Binance Smart Chain. In addition to that, it provides users with income generation possibilities. The BSC Station consists of the following tools and services:
- Farms. It allows users to participate in yield farming and earn APR in return;
- GameFi. It provides users with a variety of blockchain-based games;
- Incubation Hub. It provides new projects with everything they might new for launching;
- NFT Marketplace. It's a place where users can exchange NFTs;
- BSCStation Fund. It's a Venture Capital that offers support for projects that need it;
- Launchpad. It's a token launchpad that allows users to launch their own tokens.
If you plan on joining the ecosystem, make sure to check out the BSC Station price chart above. It features the previous and the current BSCS price.
Use Cases of BSCS Tokens
BSCS coins are the driving force of the BSC Station crypto project. The token is based on the BEP-20 token standard. Talking about its use cases, for starters, BSCS holders can stake their tokens in Start Pools to earn other crypto assets. Moreover, BSCS tokens can be used in BSCStation Farms in order to earn more BSCS tokens through yield farming. Additionally, BSCS is an essential part of the NFT marketplace, as it can be used to mint NFTs and purchase them.
Don't forget to make a thorough BSCS price analysis before purchasing BSC Station tokens. Use the BSC Station price chart above.
Who Founded BSC Station?
BSC Station's founder and CEO goes by the pseudonym Scofield. Other members of the team include Thierry Luu who serves as the COO and Alex who is the head of global business.
Tokenomics of BSCS
The max supply is set at 500 million BSCS tokens, with a portion allocated for product development, liquidity and exchange listings, ecosystem growth, and operation costs.
Additionally, the project implements a deflationary buyback-and-burn mechanism that takes a percentage of transaction fees to buy and burn a portion of BSCS tokens. This way, the overall supply is reduced in turn increasing the scarcity of BSCS. This helps to maintain the BSCS price.
