BlueSparrow Token (BLUESPARROW) aims to be a decentralized platform where users earn daily, weekly, and monthly rewards. If a user wishes to earn these rewards, they must hold at least 500 billion tokens in their wallet. The platform also seeks to provide charity to those in need. The community may nominate and vote for the concerning charity, and an allocated amount of BlueSparrow tokens gets transferred from the charity wallet. The platform has designed a smart contract that aims to host seven giveaways and 2% trading dividends into users’ wallets. Here, dividends mean distributing a share of trading to eligible users. Further, the platform runs on blockchain technology that allows developers to innovate, invent, and build on the platform. According to the whitepaper, the platform seeks to bring transparency and empowerment to the ongoing reward system and build a strong community.
The platform charges a 5% tax to avoid pump and dump. Pump and dump is an unlawful way to increase the price of an asset. From the 5% tax, 2% is distributed among the token holders, 1% is removed from the total supply, 0.5% goes to charity, and the remaining 0.5% is used for daily, weekly, and monthly draws.
The draw mechanism is the primary utility feature of BlueSparrow. This is something that will always remain a part of BlueSparrow. The 0.5% of each transaction is transferred to the draw wallet. Of the transaction fee, 0.35% is distributed among seven daily reward winners, 0.1% is distributed to the seven winners of the weekly draw after accumulating for seven days, and the remaining 0.05% gets distributed among seven winners of the monthly draw after getting accumulated for thirty days.
BLUESPARROW is the ticker of the BlueSparrow token. Users can earn tokens through the reward system, trading dividends, and charity donations. The platform may soon enter into the metaverse where BLUESPARROW holders may gain benefits.
