Butterfly Protocol News
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Butterfly Protocol News pinned «CORTEX APP IS BUILDING AND WILL LAUNCH ON BUTTERFLY 📓Cortex is a web3, note taking and publishing social app. By using Cortex with Butterfly domains, users will be able to create web pages where no one server controls the content nor location that's published.…»
Plato Technologies Inc. and Butterfly Protocol Leaders Announce a Joint Venture to Leverage Plato’s W3 Blockchain for Integration with Plato’s Intelligence Platform.

https://platoblockchain.net/plato-data-and-butterfly-protocol-leaders-announce-partnership-to-leverage-platos-w3-blockchain-and-integrated-data-environment/


The next of many to come. Private partnerships will help drive investment into building out the toolset for the entire Butterfly ecosystem. The announcement of the Plato partnership paves the way for a strategic model of helping companies maximize the use of the decentralized web.
The price of Butterfly is low and we need our community to spread the word that we are a key part of the Web 3.0 movement. It is a great time to acquire BFLY and use these to sponsor a Blockchain TLD. Thank you for hanging in there. The best is yet to come.
Butterfly Protocol News pinned «Plato Technologies Inc. and Butterfly Protocol Leaders Announce a Joint Venture to Leverage Plato’s W3 Blockchain for Integration with Plato’s Intelligence Platform. https://platoblockchain.net/plato-data-and-butterfly-protocol-leaders-announce-partnership…»
Butterfly Protocol News pinned «https://dafarbs-15544.medium.com/partnerships-with-butterfly-available-183b4f687a3»
Insiders selling tokens – Reasons why it is done

There are many reasons why an insider to a business sells stock or in the case of Butterfly Protocol – tokens. Some may sell because they fear that the price may go down and they want to get out while they can. Some may sell because they need to fund other things in their lives. You may have heard that Ripple founder Jed MaCaleb has been selling XRP on a consistent basis and at a high level. It happens and we don’t know the reasons he is doing it, but we do know why it has been done at Butterfly.

First, you must look at the sale that was held in February. The presales and Polkastarter sales raised about $1 million and there were various marketing and sales expenses that dopped the net down closer to $700,000 USD. The community was strongly opposed to additional selling at that time. The published tokenomics showed that over 12 million tokens would be available for supporting business activities for marketing and development. Butterfly is frugal with resources but $700,000 is not a large number for building a tech company.

The tokens being sent from large holding wallets are being used to do one primary thing.
Provide for supportive development with partners. We have active projects with groups like Plato Blockchain and others to accelerate certain build outs of the tech. As these come online, they can be deployed for all Butterfly domains. This includes custom wallets and indexed search across connected decentralized sites.

Nobody likes to sell at low prices and the only way Butterfly can rise is to get more usage and interest. It is upon all the community to spread the word of what Butterfly is. I personally have spent (which were burned) over 510,000 BFLY tokens to sponsor blockchain top-level domains (bTLD). I created a community bTLD and 5 private bTLD’s of which I have used to entice partnerships. I am working closely with those partners to showcase the value of Butterfly.

Plato Blockchain is a key partner and if you review their site, you will see reference to .W3 and the .W3 Registry. https://platoblockchain.com/ . These are the partnerships that drive awareness to new levels. Realize that only 980 private bTLD registrations would burn almost all the ever-to-be-created BFLY tokens. Imagine the demand on last 100 bTLDs available.

So, there will be some selling. But there will also be building as that is the only way to create sustainable value.

Dana Farbo
For the record – I am not a Founder, nor do I hold any equity or other ownership in Butterfly Protocol as an entity. I support Butterfly without a salary through my actions to help partners build on top of the Butterfly Protocol.
Forwarded from Sergio Verdugo
🚨BPROTO AND BUTTERFLY PARTNER WITH ESCROW PROTOCOL

🔥Bproto partners with Escrow Protocol, a new-gen launchpad + fundraising platform which is designed to protect investors from scams and rugpulls, and that allows a better development of projects. Escrow will be leveraging Butterfly's NFT domain technology in its core using these NFTs as a key part in their project.

💸We are thrilled to present you this partnership as it will bring more adoption to Butterfly domains and therefore provide a greater value to the project. We are confident over the idea of Escrow being an important player in this industry with its launchpad, start-up fundraising accelerator and crowdfunding platform.

🤝Give Escrow a warm welcome!

https://medium.com/bproto-organization/bproto-partners-with-escrow-protocol-5531d6cbe9cf
Butterfly Protocol News pinned «🚨BPROTO AND BUTTERFLY PARTNER WITH ESCROW PROTOCOL 🔥Bproto partners with Escrow Protocol, a new-gen launchpad + fundraising platform which is designed to protect investors from scams and rugpulls, and that allows a better development of projects. Escrow will…»
📄Very interesting article written by Sergio Verdugo about Butterfly and the exciting tech behind it

🧐You will also be able to understand better Bproto's function and why it will be key in order to build on top of Butterfly and therefore increase the platform's value
Butterfly Protocol News pinned «📄Very interesting article written by Sergio Verdugo about Butterfly and the exciting tech behind it 🧐You will also be able to understand better Bproto's function and why it will be key in order to build on top of Butterfly and therefore increase the platform's…»
🤝BUTTERFLY PROTOCOL PARTNERS WITH XIN FIN (XDC) NETWORK

🔥Butterfly has been selected by Xin Fin for initial blockchain DNS for the XDC blockchain. This will allow developers and users of dApps to register domains and use a growing set of open-source tools to develop a standardized URL path to data and processes. This initiative will also create human-readable wallet naming and will bring the opportunity to create single sign-on access across the dApp ecosystem.

💻Thanks to this partnership led by Dana Farbo, Butterfly goes cross-chain and becomes the first blockchain-based, cross-chain DNS.

👉 For more info about this exciting partnership, check this article
Butterfly Protocol News pinned «🤝BUTTERFLY PROTOCOL PARTNERS WITH XIN FIN (XDC) NETWORK 🔥Butterfly has been selected by Xin Fin for initial blockchain DNS for the XDC blockchain. This will allow developers and users of dApps to register domains and use a growing set of open-source tools…»
Butterfly Protocol News pinned «Good chance for Butterfly to be recognized in the world of domains: https://namescon.online/»
Forwarded from Sergio Verdugo
📓Since you asked for it, here you have it!

We have transformed those really interesting questions into a medium article
Leave your claps over there😉
Butterfly Protocol News pinned «📓Since you asked for it, here you have it! We have transformed those really interesting questions into a medium article Leave your claps over there😉»
Bilaxy Exchange Hack: As most know, the Bilaxy Exchange, https://bilaxy.com/ was hacked on August 28, resulting in a massive drain from their hot wallet with hundreds of millions in potential losses to Bilaxy account holders. 109,811 BFLY were stolen in this hack and almost immediately swapped on Uniswap, resulting in a dip in the price of BFLY. Thankfully, it was not a much larger amount but it shows that there are vulnerabilities in our world that continually need to be secured. We don't advise on how people trade so be safe out there.