🪙Byte (BYTX ) - Gas

BYTX, the native token of ByteChain, functions as the gas that powers the network. Its efficient design ensures smooth and cost-effective blockchain interactions. Here are the key aspects of BYTX as gas:

Low Gas Fees:

Affordable Transactions: With gas fees averaging just $0.000019 per transaction, BYTX allows users to interact with ByteChain without high costs. This affordability opens up a wide range of possibilities for decentralized applications.

Transaction Speed:

Fast Confirmations: BYTX facilitates transactions that typically confirm within 1-5 seconds. This quick processing makes ByteChain suitable for applications that require high-speed transactions, like gaming and DeFi.

Fixed Supply:

Deflationary Model: BYTX has a fixed supply of 160 million tokens, which ensures a deflationary economic model and protects the value of the token over time.

Multi-Functional Token:

Ecosystem Utility: BYTX is not just for gas fees; it also plays a role in governance, staking, and rewards, making it a versatile asset within the ByteChain ecosystem.