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:

Allocation%AmountNotes

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

PreviousComptroller FunctionsNextToken Emissions

Last updated