Berlin, Germany--(Newsfile Corp. - May 26, 2022) - Blitz Labs - a WEB3 collective dedicated to developing tools, services, and products, aims to build a one-stop cross-chain shop where users can conveniently complete all of their tasks without unnecessary complexity, in one site, while paying the least fees possible.
The first project to be launched under the Blitz Labs brand is BLITZSale, which will also be included in the overall endeavor.
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$BLITZ Token
$BLITZ is the primary token utilized by the products and services of Blitz Labs. In order to grow the value of the token with price action, scarcity and underlying value; Blitz will be a fixed supply token that is deflationary by nature.
What benefits do Blitz token holders have?
- Dividends paid in stables out to $BLITZ holders from profit streams coming from Blitz Labs services & products
- Buybacks, which result in a higher price floor and a larger LP
$BLITZ will also facilitate Blitz Labs governance and allow holders to contribute to the network's evolution. The vast majority of $BLITZ tokens are owned by the community.
Revenue Distribution System
Profits from Blitz Labs products and services after the deduction of operating costs (Opex) will be used to achieve three main goals:
• Paying out dividends in stables to $Blitz token holders.
• Increase available resources for Blitz...
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