Tokenomics
Current plans are to launch Bitlend v1 without a governance token.
V2 of the protocol will include a token, titled BLEND, that will feature fee accrual via staking, governance rights, and a gauge model.
Introduction
BLEND tokens represent voting powers to effect change over the protocol code. BLEND is an BRC-20 token that acts as the native governance token of the Bitlend Protocol. The BLEND token address is: 0xd7878b71eAc29080559491D16419Ca97cfcFfD3a.
More information about BLEND can be found on Bttcscan.
Breakdown
The total supply of BLEND is 100,000,000. The initial X-year breakdown of the BLEND total supply is as follows:
Incentives
40%
40,000,000 BLEND
Launching with v2.
Private sale
25%
25,000,000 BLEND
6 mo cliff + 24 mo vesting. Cliff starts on 17/11/2022.
Team & Advisors
20%
20,000,000 BLEND
6 mo cliff + 24 mo vesting. Cliff starts on 17/11/2022.
DAO Treasury
11%
11,000,000 BLEND
Locked until DAO launches.
IEO
2%
2,000,000 BLEND
No vest.
Initial Liquidity
2%
2,000,000 BLEND
No vest.
TOTAL
100%
100,000,000 BLEND
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