# BADGE Token

BADGE is the native gas coin of the BitBadges chain (denom `ubadge`). Read the [BADGE disclosure](https://bitbadges.io/credits-disclosure) and the other policies on the site for full disclaimers.

## Purposes

1. Gas and transaction fees.
2. Proof of stake and proof of authority. Validators bond BADGE to secure the network.
3. In-site currency. The site prioritizes more established coins such as USDC for in-site use.
4. Fee sink. The 0.1% taker fee on swaps goes to the community pool. See [FAQ](https://docs.bitbadges.io/about/faq) for the fee schedule.

## Distribution

The [explorer](https://explorer.bitbadges.io) shows current supply, distribution, and validators. Read current chain state rather than treating a historical allocation as today's circulating supply.

BADGE trades on Osmosis at [app.osmosis.zone/assets/BADGE](https://app.osmosis.zone/assets/BADGE) and works with other IBC-enabled services.

## Security Model

BitBadges combines proof-of-stake validator rewards with a proof-of-authority delegation model.

### Validator Rewards and Delegations

Validator rewards, program eligibility, and delegated allocations can change independently. A delegation shown in the explorer is voting power assigned to a validator; it is not evidence that the validator owns those tokens or that a historical reward has been paid.

Use the [BADGE disclosure](https://bitbadges.io/credits-disclosure) for published program terms, and check the [explorer](https://explorer.bitbadges.io) and relevant governance proposals for current delegations and executed distributions. Do not infer circulating supply or a restriction on selling from delegated balances alone.

## Related

- [FAQ](https://docs.bitbadges.io/about/faq)
- [Network](https://docs.bitbadges.io/chain)
- [Run a Node](https://docs.bitbadges.io/chain/run-a-node)