# The Bit Hotel Token

You probably have seen the purple currency icon multiple times in your journey to explore the bit Hotel. It is time we shine some light on the workings of this in-game currency. It's called Bit hotel token or $BTH and here's how it works.

$BTH is a blockchain based so-called BEP-20 currency solely used for the Bit Hotel Ecosystem. Holders can use $BTH to purchase native in-game items on the primary market ([shop](/bit-hotel/features-to-explore/shop.md)), trade NFTs on the Bit Hotel [NFT marketplace](/bit-hotel/features-to-explore/nft-marketplace.md), participate in [staking](/bit-hotel/features-to-explore/staking.md), enter into tournaments and [mini-games](/bit-hotel/features-to-explore/mini-games.md), and participate in Bit Hotel Governance proposals. 

In order to get this currency in-game you need to do a few simple things: \
1\. Open a wallet\
2\. Get a few dollars worth of so-called gas tokens (BNB)\
3\. Get $BTH itself.\
\
Here's an article that explains how to do those 3 things: <https://medium.com/@bithotelnftgame/guide-how-to-get-started-in-bit-hotel-695bbbfe6d74>

<figure><img src="/files/uZnhOGXABftcvdAuglpd" alt=""><figcaption><p>$BTH</p></figcaption></figure>

The BTH token can currently be traded on multiple decentralized and centralized exchanges as well as directly purchased with credit card [here](https://fiat2bnb.com/?integration=4\&embed=1).&#x20;

![Your BTH holdings can be viewed after wallet connect in the top-right corner](/files/SagadZGnx6SGGpfqf0yO)

**The Bit Hotel Token Staking BTH**\
Bit Hotel's staking model allows users to stake $BTH to earn more $BTH. Holders can receive an APY boost by holding a Bit Hotel room in their wallet. Please visit [staking.bithotel.io](https://staking.bithotel.io) to stake your $BTH. And read all about how it works [over here](/bit-hotel/features-to-explore/staking.md).<br>

![Staking Multipliers by owning a Room NFT](/files/L29Qu40Wifuz7eddwhJq)

**Burning Mechanics of BTH**

A 3% transaction fee in $BTH is incurred when trading NFTs on the NFT marketplace, and when using Bit Hotel guests use the **Peer 2 Peer trading** functionality. Do note that 25% of this fee is burned, meaning taken out of the total supply of $BTH forever. Furthermore, a proportion of the proceeds from the NFT sales hosted on 3rd party platforms is bought back from the open market and burned too.&#x20;

![](/files/5kEhb5SMgJ4LrbiQijpe)

If you want to learn more about the usage of BTH in the Bit Hotel, head over to the respective sections linked above and dive in!

![](/files/Asy12ComPJ0x8OOwvvAz)

For questions you can find us on our [Discord ](https://discord.gg/RFFZNwxY9n)as well as [Telegram](https://t.me/bithotelcommunity)!<br>


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