BTN：推动丁烷的燃料，卡尔达诺的下一代合成协议

BTN 是 Cardano 上多抵押合成协议 Butane 的治理代币，在预售中筹集了超过 4900 万个 ADA，成为 Cardano 上最高的代币。 BTN 的总供应量为 2500 万枚，目前流通量为 1200 万枚，市值为 840 万美元。它的分布广泛，有超过 5,400 个钱包持有 BTN，并且在五个去中心化交易所拥有 130 万个 ADA，流动性很高。

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

BTN：丁烷的燃料力量，卡尔达诺的下一代合成协议

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.

在快速发展的去中心化金融 (DeFi) 格局中，BTN（丁烷的治理和实用代币）是创新和颠覆的灯塔。 Butane 建立在卡尔达诺区块链的坚实基础上，准备通过其尖端的多抵押协议彻底改变合成资产领域。

BTN Distribution and Tokenomics: A Reflection of Community Confidence

BTN 分布和代币经济学：社区信心的体现

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 的总供应量为 2500 万枚，流通量约为 1200 万枚，占总发行量的 48%。该代币令人印象深刻的预售筹集了超过 4900 万 ADA，证明了社区对丁烷项目坚定不移的信念。 BTN 目前排名卡尔达诺生态系统中排名前 25 的代币，其市值为 8,382,895 美元，完全稀释后市值为 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的分布体现了其包容性和可访问性。超过 5,400 个钱包持有 BTN，近期数量增长了 20.90%。持有者余额中位数为 0.17 BTN，表明该代币在大型支持者社区中广泛分布。

Liquidity and Trading: A Thriving Ecosystem

流动性和交易：繁荣的生态系统

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 在卡尔达诺区块链上的五个去中心化交易所（DEX）中享有强大的流动性，总流动性超过 130 万个 ADA。 Spectrum Finance 在流动性池中占据主导地位，持有高达 98.58% 的份额。 VyFinance 紧随其后，占总流动性的 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.

该代币的交易量同样令人印象深刻，终身交易量为 3283 万个 ADA，大致相当于 7562 万个 BTN。买卖量紧密匹配，表明市场健康平衡。鱼钱包大小（5-25K ADA）和剑鱼钱包大小（25-100K ADA）是交易量的主要驱动因素。

Utility and Value Proposition: A Multifaceted Token

实用性和价值主张：多方面的代币

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

BTN 是丁烷生态系统的命脉，提供广泛的实用功能，为其持有者提供支持：

• 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

治理质押：BTN 持有者可以质押其代币来参与 Butane 协议的治理，影响关键决策并塑造平台的未来方向。抵押品：在 Butane 协议上开设抵押债务头寸（CDP）时，BTN 可以用作抵押品，允许用户在保留其基础资产所有权的同时获得流动性。治理提案：提交新的治理行动提案需要抵押 BTN，确保只有最受支持的提案才会被考虑实施。利息支付：协议用户可以从折扣中受益通过销毁 BTN 来支付 CDP 利息，进一步提升代币持有者的价值主张。 结论：DeFi 创新的催化剂

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.

在不断扩大的 DeFi 领域，BTN 是创新和实用的支柱。它作为丁烷协议的中心代币的角色使其能够推动卡尔达诺区块链上尖端合成协议的开发。凭借其巨大的实用性，BTN 与 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.

该代币令人印象深刻的分布、强大的流动性和活跃的交易量都表明其在卡尔达诺社区中的采用率和受欢迎程度不断提高。 BTN 准备在塑造卡尔达诺 DeFi 的未来方面发挥关键作用，释放新的可能性并帮助用户释放合成资产的全部潜力。