Build3rs.io

Use of blockchain

General

What is the purpose of the $PLAY or $LAY tokens?

On Build3rs, the $PLAY and $LAY tokens allow you to:

  • Contribute to the creation of digital twins (finance data acquisition or produce 3D models),

  • Purchase licenses enabling exports to be used in all types of digital creations, and to automate redistribution of the products generated (revenues) to the rights holders,

  • Weight the powers of DAO contributors and provide access to the digital twin when it is used for a project.

What's the difference between the $PLAY token and the $LAY token?

The $PLAY is the first version of the $LAY token deployed on Polygon's testnet (Mumbai). This token enables the community to start using the various Build3rs features before the $LAY token is officially deployed. In addition to the Build3rs services, these $LAY tokens make you eligible for all the exclusive community benefits we'll be offering right up to deployment.

Technical data

What is a fungible token (ERC-20)?

A fungible token (ERC-20) is a digital token created and managed on the Ethereum standards-compliant blockchain, conforming to a set of specific standards that ensure interoperability. These standards define how these tokens can be transferred, how transactions are approved, how users can access data such as total balance and individual balance, and how these tokens can be issued or destroyed. This standardization enables ERC-20 tokens to be exchanged seamlessly on a variety of platforms, and to be managed by a wide range of e-wallets.

$PLAY (tesnet) and $LAY (mainnet)

The $PLAY is a prototype of the $LAY, with the same features but deployed on a test network to enable our developers to improve functionality and security. It's our safety net to offer you a secure and efficient product when deployed on the main Polygon blockchain network.

Deploying a cryptocurrency token prototype on a testnet prior to public deployment offers several crucial advantages.

  • It allows developers to safely test token functionality and mechanisms without risking the loss of real funds.

  • It's the ideal environment for detecting bugs, security holes or inconsistencies in code.

  • The testnet allows potential users to become accustomed to the token's features and to offer useful feedback.

  • This gives teams time to make adjustments based on this user feedback, optimizing performance for launch on the main network.

What technology is behind the $LAY token?

We decided to deploy our ERC-20 token and all the smartcontracts for our services on the Polygon blockchain.

This choice is based on the following characteristics of this technology:

  • Scalability: Polygon improves Ethereum's processing capacity, enabling more transactions per second and reducing costs.

  • Lower transaction costs: Using Polygon reduces the cost of use compared to the main Ethereum.

  • Fast confirmation times: Polygon blocks are generated faster than Ethereum, improving the user experience.

  • Compatibility: Compatible with Ethereum smart contracts and uses the Solidity programming language, well established in the developer community.

  • Interoperability: Enables the seamless transfer of assets and data between different blockchains via gateways.

  • Growing ecosystem: Many projects, dApps and users adopt Polygon, offering a wide range of tools and resources.

  • Secure: Takes advantage of the robustness of the Ethereum network while offering advantages in terms of scaling.

  • Developer-oriented: Provides development tools and frameworks that facilitate the creation of decentralized applications.

  • Portability: Applications and contracts deployed on Polygon can be easily migrated to other Layer 2 solutions or the main Ethereum.

  • Decentralized governance: Polygon enables community governance, giving token holders a say in the platform's evolution.

Quelles sont les caractéristiques du token $LAY ?

  • Total supply : 1,000,000,000 tokens

  • Decimals: 18

  • Symbol: $LAY

  • Burnable, Non-Mintable

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