# Burned $IBET = $bIBET

Discover the value of `$bIBET`, a specialized staking derivative that offers you unique benefits as a token holder:

* <mark style="color:purple;">**Permanent $IBET Supply Reduction**</mark><mark style="color:purple;">:</mark> When you choose `$bIBET`, you're contributing to reducing the total circulating supply of `$IBET`, by permanently burning your tokens.
* <mark style="color:purple;">**Enhanced Fee Revenue**</mark><mark style="color:purple;">:</mark> Committing to `$bIBET` is rewarded with a substantial <mark style="color:purple;">**50% share of the platform's fees**</mark>, which is a notable increase over the <mark style="color:purple;">**35% offered**</mark> by `$sIBET`.
* <mark style="color:purple;">**Exclusive Reward for Believers**</mark><mark style="color:purple;">:</mark> Holding `$bIBET` signifies your long-term confidence in InsanityBet's protocol, positioning you to receive the highest fee percentage among all $IBET derivatives.
* <mark style="color:purple;">**Non-Redeemable for**</mark><mark style="color:purple;">**&#x20;**</mark><mark style="color:purple;">**`$IBET`**</mark>: Unlike `$sIBET`, `$bIBET` stands as a testament to your belief in the project and cannot be directly exchanged back to `$IBET`, solidifying its exclusivity.

By holding `$bIBET`, you not only benefit from an increased share of fees but also align closely with the protocol's long-term success.

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