Fungible Tokens and Membership Use Cases

When uniqueness is not the goal

If the objective isn't to have a unique, numbered instance (like with NFTs), but rather to ensure that someone holds a specific amount of tokens to be eligible for something, then:

Fungible tokens are the ideal solution.

These are typically ERC-20 tokens on Ethereum, or similar standards on other blockchains (e.g. Solana, Binance Smart Chain). They work like regular cryptocurrencies but are issued for specific community or membership purposes.

What can a "membership token" be used for?

Loyalty programs: holding 100 XYZ tokens may grant discounts.
Access control: owning 1 token grants access to a private event, Discord server, or website.
Voting rights: tokens can be used to participate in decentralized community decisions (DAO style).

How is this different from an NFT?

Feature	NFT	Fungible Token (e.g. ERC-20)
Uniqueness	Unique, numbered	All tokens are identical
Use case	Digital art, ownership	Membership, voting, loyalty
Value logic	One token = one specific item	Multiple tokens = amount matters

What should such a system look like?

A functional fungible token membership system should include the following key components:

Custom token creation: Issue your own token using standards like ERC-20 (Ethereum), SPL (Solana), or BEP-20 (Binance Smart Chain).
Defined utility logic: Establish clear rules for what different token amounts entitle users to (e.g., "1 token = basic access", "10 tokens = premium perks").
Wallet integration and verification: Implement a website or app that can connect to a user's crypto wallet and verify their balance to grant access or privileges.

This approach is ideal for projects that want to integrate community membership, access, or voting features using blockchain technology.

Token Distribution and Common Concerns

Since fungible tokens often function as membership or discount passes, it’s common for a significant portion of the total supply to remain in the issuer’s wallet. This can sometimes raise flags in automated token analysis tools, which may label such tokens as potential “honey pots” or “poorly distributed.”

What is a "honey pot"?

A "honey pot" is a term used to describe smart contracts that appear functional but prevent users from selling or transferring tokens under certain conditions. These are considered malicious by nature. BORDollar and similar systems are not honey pots; the contract allows full freedom of transfer, and ownership can be verified transparently via blockchain explorers.

What does "poor distribution" mean?

This label refers to tokens where a large percentage is held by one or a few wallets. While this may indicate a potential risk in speculative assets, in the case of utility or membership tokens, centralized holding is often intentional. It allows the issuing organization to distribute tokens as needed, and ensure program sustainability.

Why users can feel safe

Transparent smart contracts: Anyone can inspect the code and verify that transfers are permitted.
No lock-ins: Tokens can be freely transferred to and from user wallets.
Utility-first design: The focus is on access, not speculation.

In short, while automatic tools may flag certain token behaviors, these are often false positives when it comes to well-intentioned utility tokens used for membership and community access.

BORDollar (BORDO)

BORDollar is a unique ERC20 token on the Ethereum blockchain, originally created to support wine auctions, tasting events, and enhance the experience of wine enthusiasts.

Membership and Access with Blockchain-Based Tokens

BORDollar acts as a digital membership card.

How it works:

Acquire 1 BORDollar token
Your token balance automatically determines your access rights
Our systems check your wallet for the required balance
If criteria are met, you gain access to gated benefits: exclusive groups, events, voting, and discounts

Benefits:

Decentralized and transparent access control
Automatic verification
No centralized database or account required
Tokens can be freely transferred between users

Join our growing wine community and unlock new experiences with BORDollar!

What is this all about?

The Borivók VIP program is a digital discount system that works similarly to familiar city cards – but in a modern, digital format using blockchain technology.

At the heart of the Borivók VIP membership is a digital "card" – specifically a crypto token called BORDollar (short: BORDO). This token acts as a digital pass – if someone owns it, they automatically become eligible for discounts and perks offered by our partner network.

🔍 What is a crypto token and how does it work?

In simple terms, a crypto token is a digital "coin" or "access key" that exists online and operates through a technology called blockchain.

The blockchain is a public, transparent, and tamper-proof database that tracks all token movements and ownership.

BORDollar is an ERC-20 token that runs on the Ethereum blockchain – one of the world's most secure and widely used systems.

🏷️ Why can't you search for it by name?

In the blockchain world, token names are not unique. That means searching "BORDollar" may return unrelated results.

The only way to reliably identify the correct token is to use its unique contract address. This is standard practice in crypto.

🧐 What is a "Honey Pot" and why do some tools label it that way?

Some automated token-checking platforms (like Token Sniffer) mistakenly label BORDollar as a "Honey Pot".

A "Honey Pot" is a scam-type token where users can buy but cannot sell or transfer their tokens.

BORDollar is not a Honey Pot!

Its behavior is completely open and fair:

• The token is freely transferable

• If you no longer use the card and there is demand for it, you can sell or send it away at any time.

• The smart contract is public and verifiable on the Ethereum blockchain

The false flagging comes from the fact that BORDollar is a utility token, not a speculative trading token. It is meant to be used for access and benefits, not financial speculation.

💡 What does this mean for service providers?

By joining as a partner, you decide what kind of benefit to offer guests who hold BORDollar tokens, for example:

• 10% off accommodations

• Free wine cellar tours

• Early booking for events

• Discounted museum entry

• Time-limited coupon discounts (e.g., monthly or seasonal promotions)

Guests don’t need to carry a physical card – they just need to hold at least 1 BORDollar token in their crypto wallet.

The system automatically verifies eligibility.

🛠️ How does verification work?

• Guests use a crypto wallet (e.g. Uniswap Wallet, MetaMask)

• They acquire BORDollar or receive it

• To redeem a benefit, the guest opens the Borivók App and displays a QR code

• The service provider scans the QR code with their phone camera

• The app immediately shows whether the guest is eligible for the discount

• Alternatively, the guest can show their wallet and prove token ownership directly

No technical development or software setup is needed on your end.

✅ Why should you join?

• Joining only requires holding 1 BORDollar token

• No subscription fees or setup costs

• The system is easy to use and requires no IT infrastructure

• The token's validity is checked through a quick scan

🔐 Security and Responsibility

The Borivók Társasága Project:

• Does not manage wallets

• Does not collect personal data

• Does not control the blockchain

The system is open, fully decentralized and transparent.

Participation in the crypto world is always voluntary, and everyone uses blockchain tools at their own risk.

👉 Interested in becoming an official partner or want more info?