# Dog Biscuits (BSCT)

Dog Biscuits -- `BSCT` tokens -- are ERC20 tokens issued to all bidders of Degen Dog auctions, *including both unsuccessful and winning bidders*.  `BSCT` tokens are issued at a ratio of 1000:1 based on the bid submitted.  For example, a bid of `1 WETH` would result in `1000 BSCT` tokens.

In addition, `BSCT` tokens are issued to the sender of *Auction Settlement* transactions, *even if they did not bid in the auction*. The same ratio of 1000:1, based on the *winning* bid, applies.

{% hint style="info" %}
**Note:** Consecutive bids from the same address will not earn `BSCT`. For clarity, if you are the highest bidder, and then you outbid yourself, your bid will succeed, but `BSCT` will not be issued for the second bid. On the other hand, if you bid, then someone else outbids you, and then you bid *again*, you will receive `BSCT` for *both* of your bids.
{% endhint %}

### Why?

Two reasons:

1. Degen Dogs need to eat something in the Club.
2. The Degen Dogs community is greater than just the Dog (NFT) owners. `BSCT` holders are also important.

### Utility of BSCT Tokens

We all need to eat to survive, including the Degen Dogs.  Dog Biscuits have the potential to help Dogs grow strong, to prepare them for the journey ahead. The specific utility of BSCT tokens is yet to be discovered. :smile: