# Tokenomy FAQ

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

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

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

BET is a utility token of betfin platform. All transactions on the Betfin platform are settled only in BET token. That brings the BET token its utility.

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

BET token has value because there is a supply that is generated by users who want to use the Betfin technology.&#x20;

Price is derived only by demand and supply and there is no central entity that controls or backs the BET token's price

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

**Yes**, there are protection mechanisms tha technically guarantess that developers or initial airdrop holder con not dump tokens and run away. The mechanisms are following:

* [community-lockup](liquidity-and-lockups/community-lockup "mention")of initial airdrop winners
* [team-pool](bet-initial-distribution/team-pool "mention")vesting is set for 5 years starting after 3 years since the project launched.
* [team.finance-lockups](liquidity-and-lockups/team.finance-lockups "mention")

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

BET token itself has no security function as it does not represent and is not backed by any asset, service or value. Its value is fully created by community demand. \
\
Moreover BET token was never subject initial public token sale such as IEO and is not even listed on any centralized exchange.&#x20;

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<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;

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<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.

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