# Tokenomy FAQ

<details>

<summary>Where can I buy or sell a BET token?</summary>

You can purchase BET through uniswap.com for any tradable token.

</details>

<details>

<summary>What is a BET token and how is it connected to Betfin?</summary>

It is a native utility token settled as the sole unit for all protocol interactions, including providing liquidity and betting.

</details>

<details>

<summary>Why does the BET token have a value and how is it derived?</summary>

Demand is driven by the utility of BET as the mandatory access point for independent operators and providers to use the protocol infrastructure.

</details>

<details>

<summary>Are BET and stakers holders protected against rugpull or team dump?</summary>

**Yes**, protection is guaranteed by immutable smart contracts including the 8-year team token exit plan (3-year cliff + 5-year vesting) and the community lockup for initial liquidity providers.

* [Community lockup](/betfin-public/tokenomy/liquidity-and-lockups/community-lockup.md)of initial airdrop winners
* [Team Pool](/betfin-public/tokenomy/bet-initial-distribution/team-pool.md)vesting is set for 5 years starting after 3 years since the project launched.
* [Team.finance lockups](/betfin-public/tokenomy/liquidity-and-lockups/team.finance-lockups.md)

</details>

<details>

<summary>Is't BET a security token?</summary>

No. BET is a native utility token. It does not represent equity, a debt obligation, or a right to a share in company profits. Its value is created solely by community demand and technological utility.\
\
Moreover BET token was never subject initial public token sale such as IEO and is not even listed on any centralized exchange.&#x20;

</details>

<details>

<summary>What chains are supported by Betfin?</summary>

BetFin currently runs on Polygon. Network name: Polygon Mainnet. RPC URL: <https://polygon-rpc.com>. Chain ID: 137. There are no official wrapped versions on other chans.&#x20;

</details>

<details>

<summary>Why does the BET token exist?</summary>

BET token is here to allow Betfin technology fast expansion as third party issued asset would require significant investment of initial value while creation of unique asset which empowers the technology allows the value creation thanks to the community demand.

</details>


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