BTN：推動丁烷的燃料，卡爾達諾的下一代合成協議

BTN 是 Cardano 上多抵押合成協議 Butane 的治理代幣，在預售中籌集了超過 4900 萬個 ADA，成為 Cardano 上最高的代幣。 BTN 的總供應量為 2,500 萬枚，目前流通量為 1,200 萬枚，市值為 840 萬美元。它的分佈廣泛，有超過 5,400 個錢包持有 BTN，並且在五個去中心化交易所擁有 130 萬個 ADA，流動性很高。

BTN: The Fueling Force of Butane, Cardano's Next-Generation Synthetics Protocol

BTN：丁烷的燃料力量，卡爾達諾的下一代合成協議

Within the rapidly evolving landscape of decentralized finance (DeFi), BTN, the governance and utility token of Butane, stands as a beacon of innovation and disruption. Built upon the robust foundation of the Cardano blockchain, Butane is poised to revolutionize the realm of synthetic assets with its cutting-edge multi-collateral protocol.

在快速發展的去中心化金融 (DeFi) 格局中，BTN（丁烷的治理和實用代幣）是創新和顛覆的燈塔。 Butane 建立在卡爾達諾區塊鏈的堅實基礎上，準備透過其尖端的多抵押協議徹底改變合成資產領域。

BTN Distribution and Tokenomics: A Reflection of Community Confidence

BTN 分佈與代幣經濟學：社區信心的體現

With a total supply of 25 million tokens, BTN has a circulating supply of approximately 12 million, representing a significant 48% of the total issuance. The token's impressive pre-sale raised over 49 million ADA, a testament to the community's unwavering belief in the Butane project. Currently ranked among the top 25 tokens in the Cardano ecosystem, BTN boasts a market capitalization of $8,382,895, with a fully diluted market capitalization of $17,464,365.

BTN 的總供應量為 2,500 萬枚，流通量約 1,200 萬枚，佔總發行量的 48%。該代幣令人印象深刻的預售籌集了超過 4900 萬 ADA，證明了社區對丁烷計畫堅定不移的信念。 BTN 目前排名卡爾達諾生態系統中排名前 25 的代幣，其市值為 8,382,895 美元，完全稀釋後市值為 17,464,365 美元。

The distribution of BTN is a reflection of its inclusive and accessible nature. Over 5,400 wallets hold BTN, with the number growing by 20.90% in recent days. The median holder balance is a modest 0.17 BTN, indicating the token's widespread distribution among a large community of supporters.

BTN的分佈體現了其包容性和可近性。超過 5,400 個錢包持有 BTN，近期數量增加了 20.90%。持有者餘額中位數為 0.17 BTN，顯示該代幣在大型支持者社群中廣泛分佈。

Liquidity and Trading: A Thriving Ecosystem

流動性與交易：繁榮的生態系統

BTN enjoys strong liquidity across five decentralized exchanges (DEXes) on the Cardano blockchain, with a total liquidity of over 1.3 million ADA. Spectrum Finance dominates the liquidity pool, holding a remarkable 98.58%. VyFinance follows with a modest 0.56% of the total liquidity.

BTN 在卡爾達諾區塊鏈上的五個去中心化交易所（DEX）中享有強大的流動性，總流動性超過 130 萬個 ADA。 Spectrum Finance 在流動性池中佔據主導地位，持有高達 98.58% 的份額。 VyFinance 緊隨其後，佔總流動性的 0.56%。

The token's trading volume is equally impressive, with a lifetime trading volume of 32.83 million ADA, roughly equivalent to 75.62 million BTN. Buy and sell volumes are closely matched, suggesting a healthy and balanced market. The fish wallet size (5–25K ADA) and swordfish wallet size (25–100K ADA) are the primary drivers of trading volume.

該代幣的交易量同樣令人印象深刻，終身交易量為 3,283 萬個 ADA，大致相當於 7,562 萬個 BTN。買賣量緊密匹配，顯示市場健康平衡。魚錢包大小（5-25K ADA）和劍魚錢包大小（25-100K ADA）是交易量的主要驅動因素。

Utility and Value Proposition: A Multifaceted Token

實用性與價值主張：多方面的代幣

BTN serves as the lifeblood of the Butane ecosystem, offering a wide range of utility functions that empower its holders:

BTN 是丁烷生態系的命脈，提供廣泛的實用功能，為其持有者提供支援：

• Governance Staking: BTN holders can stake their tokens to participate in the governance of the Butane protocol, influencing key decisions and shaping the platform's future direction.
• Collateral: BTN can be used as collateral when opening a Collateralized Debt Position (CDP) on the Butane protocol, allowing users to access liquidity while retaining ownership of their underlying assets.
• Governance Proposals: Submitting new proposed governance actions requires staking of BTN, ensuring that only the most well-supported proposals are considered for implementation.
• Interest Payments: Protocol users can benefit from discounted CDP interest payments by burning BTN, further enhancing the value proposition for token holders.

Conclusion: A Catalyst for DeFi Innovation

治理質押：BTN 持有者可以質押其代幣來參與Butane 協議的治理，影響關鍵決策並塑造平台的未來方向。抵押品：在Butane 協議上開設抵押債務頭寸（CDP）時，BTN 可以用作抵押產品，允許用戶在保留其基礎資產所有權的同時獲得流動性。治理提案：提交新的治理行動提案需要抵押BTN，確保只有最受支持的提案才會被考慮實施。利息支付：協議用戶可以從折扣中受益透過銷毀 BTN 來支付 CDP 利息，進一步提升代幣持有者的價值主張。結論：DeFi 創新的催化劑

In the ever-expanding realm of DeFi, BTN stands as a pillar of innovation and utility. Its role as the central token of the Butane protocol empowers it to drive the development of cutting-edge synthetic protocols on the Cardano blockchain. With its substantial utility, BTN aligns perfectly with Butane's mission to push the boundaries of DeFi.

在不斷擴大的 DeFi 領域，BTN 是創新和實用的支柱。它作為丁烷協議的中心代幣的角色使其能夠推動卡爾達諾區塊鏈上尖端合成協議的開發。憑藉其巨大的實用性，BTN 與 Butane 突破 DeFi 界限的使命完美契合。

The token's impressive distribution, strong liquidity, and vibrant trading volume are all indicators of its growing adoption and popularity within the Cardano community. BTN is poised to play a pivotal role in shaping the future of DeFi on Cardano, unlocking new possibilities and empowering users to unlock the full potential of synthetic assets.

該代幣令人印象深刻的分佈、強大的流動性和活躍的交易量都表明其在卡爾達諾社區中的採用率和受歡迎程度不斷提高。 BTN 準備在塑造卡爾達諾 DeFi 的未來方面發揮關鍵作用，釋放新的可能性並幫助用戶釋放合成資產的全部潛力。