Store Finance (SEF): The native token of the Bitcoin Store platform
Learn all about Store Finance (SEF), the cryptocurrency that acts as the driving force behind the Bitcoin Store ecosystem.
Table of contents:
What is the Store Finance (SEF) token?
Store Finance, (symbol SEF), is the native "utility" token of the Bitcoin Store cryptocurrency exchange platform.
It is a cryptocurrency that provides users with various benefits through the use of current and future services on the Bitcoin Store platform.
The SEF token is primarily used for paying lower transaction fees on the Bitcoin Store platform.
As the ecosystem continues to evolve and expand, the functionalities and potential applications of the SEF token will correspondingly broaden.
How does it work? Technical features of the Store Finance (SEF) token
Store Finance (SEF) is an ERC-20 token. It was issued on the Ethereum network. The token will also be issued on the BNB blockchain as BEP-20 token.
In the long run, this feature will give token more flexibility and operability.
SEF Tokenomics and Token Allocation
Store Finance (SEF) has a fixed total supply of 200 million tokens, which will never be increased. Here's how the token distribution is structured:
35% of the total supply is allocated to the treasury. These tokens will be used to support the development of new products and services, B2B initiatives, partnerships, and other strategic goals in the future.
20% is reserved for team members. To ensure long-term commitment, these tokens are subject to a two-year vesting period starting after the pre-sale phase. During this time, team members will not be able to sell their tokens.
20% is allocated for the second round of the token pre-sale.
10% is designated for initial liquidity on external CEX and DEX platforms where the SEF token will be listed and available for trading.
10% was used during the first pre-sale phase, which took place from March 3, 2022, to May 1, 2022. Tokens that were not sold during this period were returned to the treasury.
5% is reserved for marketing and promotional activities, which will be used to reward Bitcoin Store users and help ensure stable growth of the overall ecosystem.
Key Benefits of the Store Finance (SEF) Token
The Store Finance (SEF) token brings two major advantages to Bitcoin Store users: lower trading fees and access to a VISA crypto card for spending cryptocurrency in everyday life.
By using SEF tokens to pay for trading fees, users can save up to 50% on both the online platform and in physical exchange offices.
The discount is applied automatically based on the amount of SEF held in your account, following a tiered system:
- Regular (< 1,000 SEF): 5% discount
- VIP 1 (> 1,000 SEF): 10% discount
- VIP 2 (> 2,000 SEF): 15% discount
- VIP 3 (> 10,000 SEF): 20% discount
- VIP 4 (> 50,000 SEF): 30% discount
- VIP 5 (> 100,000 SEF): 40% discount
- VIP 6 (> 500,000 SEF): 50% discount
In addition, SEF token holders can also use a VISA crypto card that connects directly to their Bitcoin Store Wallet.
This makes it easy to pay with crypto online, in-store, or withdraw euros at ATMs — with your SEF tokens converted automatically at the time of the transaction.
How to pay lower fees with the SEF token?
First, you will need to own some Store Finance (SEF) token in order to unlock this feature.
If you already have SEF token in your Bitcoin Store Wallet follow these instructions:
1. Log into your own Bitcoin Store account.
2. Within the Bitcoin Store Wallet, click on the profile settings icon in the top right corner.
3. Click on the "Discount on trading fees" section.
4. Enable the toggle button to turn on the option to get up to 50% discount on fees with SEF token.
Benefits of the Referral Program
Through the SEF token referral program, which involves inviting friends and acquaintances to purchase and further use the tokens, users can reap additional benefits while trading cryptocurrencies on the platform.
Early Access to New Projects
Crypto enthusiasts who are constantly in search of early projects (that have not become "mainstream") will be able to participate in the Bitcoin Store Launchpad program and attend token sales.
Many investors in the crypto industry strive to find a project in its early stage (before it becomes popular) hoping that it will skyrocket in value over a certain period.
Those who succeed usually secure substantial returns on their initial investment.
In essence, a Launchpad is an incubator for new crypto projects that provides such investors with an opportunity for earlier access at a more favorable price before they get listed on global crypto exchanges.
Bitcoin Store platform users who hold Store Finance (SEF) tokens will be able to participate exclusive token sales of a new project on the Launchpad.