Blocto is built as a cross-chain smart contract wallet service. Its core goal is to support mainstream blockchain adoption and make blockchain simpler and more approachable-Blocto even positions itself as offering “the most user-friendly blockchain experience”.

With Blocto, users can reach blockchain applications along with crypto and NFT holdings no matter which chain they were created on. Developers can tap into Blocto’s identity and payment tools with a low-friction onboarding flow.

BLT is Blocto’s utility and governance token. It underpins the Blocto ecosystem and connects the wallet, Blocto products, and the people who use them. The total BLT supply is 500,000,000.

What are Blocto’s key features and how does it work?

Blocto focuses on two groups: everyday (or prospective) blockchain users and blockchain developers. For users, Blocto aims to provide an approachable entry to cryptocurrencies, dApps, and NFTs. It does this through a smart contract wallet that supports multiple blockchains. The wallet lets users pay network fees from supported networks using their Blocto points, and it also supports purchasing crypto with fiat.

Blocto’s smart wallet is designed to deliver a better overall experience than many existing crypto wallets. Users can also handle crypto assets and NFTs across chains, interact with multiple blockchains without needing to hold each chain’s native token, and enjoy a customizable setup through seedless account management.

Developers can take advantage of Blocto’s multichain capabilities, including support for Ethereum, Tron, Solana, and Flow. With broad integrations, developers can reach a larger pool of potential users.

What is noteworthy about Blocto?

Blocto provides additional products, including:

What can BLT be used for?

BLT is Blocto’s utility token, and holders receive benefits when using Blocto’s products and services as described above. It can also be used to pay network fees. BLT may be staked as a stabilizing mechanism for the ecosystem. Developers must stake BLT to qualify for mining, and users can stake BLT to target the highest mining yield.

How can BLT be mined?

Mining is a core component of the Blocto network-40% of the BLT supply is intended to be distributed through BLT mining. 

Blocto supports developer mining: developers receive mining rewards for integrating their projects with Blocto. To participate, developers must lock at least 10,000 BLT. This is intended to encourage broader Blocto collaboration with dApp builders, while also helping reduce potential conflicts of interest between developers and service providers. 

Users can earn mining rewards as well. They need to satisfy certain requirements-for instance, storing an amount equivalent to 1000 USD in their Blocto wallet earns a user 1 BLT. There is a monthly reward cap for users to discourage malicious activity, but staking BLT can raise monthly reward caps by up to 3 times.

Where can you buy BLT?

BLT can be purchased on CEXs such as FTX Spot, Gate.io, and MEXC.