Butterfly Protocol
BFLY
- Name Service
- Infra
Frequently Asked Questions
Butterfly Protocol is a decentralized autonomous organization ([DAO](https://coinmarketcap.com/alexandria/article/what-is-a-dao)) that aims to replace the Domain Name System (DNS) system and change the economics of domain ownership. To learn more about this project, check out our deep dive of [Butterfly Protocol](https://coinmarketcap.com/alexandria/article/what-is-butterfly-protocol-bfly). The team behind the project claims that the ability to remove central control from people and governments is paramount to creating a lasting uncensored internet. Butterfly Protocol launched in February 2021. BFLY is the platform’s [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20)-compatible native utility token built on the Ethereum ([ETH](https://www.coinlive.com/coin/ethereum)) blockchain. It is used to sponsor the creation of new top-level domains (TLDs). Token holders can receive 15% of the airdrop of ERC-20-compatible tokens created with each domain.


