JuChain Ecosystem Butterfly Protocol Market Value Exceeds 300 Million USD and Introduces Smart Insurance Mechanism

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According to ChainCatcher, since the JuChain decentralized computing protocol Butterfly went live on May 16th, the BF token has surged over 310 times, with its circulating market value breaking through $300 million.

As the core protocol of the JuChain public chain, Butterfly has introduced an insurance contract mechanism where project parties can activate the smart insurance system by injecting 30% of funds. When a project encounters abnormal interruption, the Butterfly protocol will automatically execute compensation, reducing risks and safeguarding user assets. JuChain states that it will continue to promote Web3 security ecosystem construction based on this protocol.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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