Tokenomics
Transfer Restrictions
The content contained in this website does not constitute an offer or sale of securities in or into the United States, or to or for the account or benefit of U.S. persons, or in any other jurisdictions where it is unlawful to do so.
Transfer of BIT tokens may be subject to legal restrictions under applicable laws. Under no circumstances shall BIT tokens be reoffered, resold or transferred within the United States or to, or for the account or benefit of, U.S. persons, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act of 1933, as amended.
BIT Token Address
0x1A4b46696b2bB4794Eb3D4c26f1c55F9170fa4C5
Current State
As of 2023 May 20th, as authorized by BIP-21, the current state of token holdings and vesting status is as follows:
| Holder Category | Addresses | Comment |
|---|---|---|
BitDAO Treasury aka. Mantle Treasury | All distributions are authorized via Snapshot Proposals, and viewable via Treasury Monitor | |
Burn | ||
All Others | Various | No remaining vesting schedules. |
Historical State and Changes
Supply and Inflation
Initial State and Authorized Changes
On 2021 July 15th the $BIT token was launched with a max supply of 10,000,000,000 tokens (with no inflation). Other token parameters are described in the following Token Design research article.
Initial state distribution and vesting schedules are listed below.
All subsequent BIT purchases, BIT disbursements, and BIT burns from the BitDAO Treasury have been authorized via Snapshot Proposals, and are viewable via Treasury Monitor.
Notable Items
As of 2022 September 15th, as per launch parameters, all private sale vesting has been completed.
As of 2023 April 5th, as authorized by BIP-20, the majority of Bybit Locked vesting will be transferred to the BitDAO Treasury for community ownership.
As of 2023 May 20th, as authorized by BIP-21, all BIP-20 contributions to the Treasury has been accelerated and completed.
As of 2023 May 20th, as authorized by BIP-21, all Bybit Locked amounts have been vested.
Distribution and Vesting
Summary - Parameters at Launch
| Category | Total Supply | Available at Launch | Cliff Period | Vesting Schedule After Cliff |
|---|---|---|---|---|
Private Sale | 5% | 0% | 3 months | Vested linearly over 12 months |
Launch Partner Rewards | 5% | 5% | N/A | N/A |
BitDAO Treasury | 30% | 10% | 3 months | Vested linearly over 12 months |
Bybit Flexible | 15% | 15% | N/A | N/A |
Bybit Locked | 45% | 0% | 12 months | Vested linearly over 24 months |
Note: Private sale and launch partner rewards are still being finalized, and the numbers are subject to change. Unallocated amounts will be returned to Bybit. (completed December 11, 2022).
Private Sale
First vesting: October 15, 2021
Launch Partner Rewards
2.6% for SushiSwap
BitDAO Treasury
BitDAO Treasury will hold 30% of total BIT tokens
Tokens can be used for swaps, grants, milestone rewards, etc. All usage will be executed only after a DAO proposal and vote.
Treasury tokens are effectively owned by token holders in proportion to their token holdings (e.g. a 1% token holder has a look-through ownership of 1% of the 30%, or an additional 0.3% of overall tokens)
Bybit Flexible and Bybit Locked Bybit has pledged to contribute significantly to the BitDAO treasury, see details here. As a result Bybit will hold a large percentage of BIT tokens at launch. As these tokens are privately held by Bybit, they can be used for any purposes, including: to establish R&D centers to support BitDAO, to support Bybit business growth, to reward Bybit or BitDAO affiliated R&D center employees and stakeholders.
Additional Data
Key Addresses List
| Category | Address |
|---|---|
Private Sale | 0x117c7c3835e7465926AE4ebc3F4e5A3c5afE108d note: all vesting has been completed by September 15, 2022 |
Launch Partner Rewards | |
BitDAO Treasury | |
Mantle Core Budget | |
Bybit Flexible | |
Bybit Locked Note: As of 2023 May 20th, as authorized by BIP-21, all Bybit Locked amounts have been vested. | 0xE5791f93b997c7Fc90753A1f2711E479773a2A87 0xf6032C7c15bF4B56bfc5D69208f9ce47F5958512 0xb67e28a7e0D1AD886eeeb18B0BDa55b7Efb56113 0x991A91681f80cb890338B89C1A72be719A902d8B 0x16fE6e64447051b1Eb68d6408F041ac22f6fd563 0x44b4bABd7cbC8cE32Dc3Ff77ed9B6dF9E2D11003 0x3329Fbcda16f15c4Ed1D6847BF18e9d045EE941F 0xa2E5e8A607562B7BdA05d5820e569C290b43be6D |
BIT Burn |
Note that due to "delegate all" constraint, there may be more Bybit Locked addresses in the future as the delegatee list is expanded (each address can only select a single delegatee to delegate votes to).
Bybit Locked - Vesting Schedule and Tracking
Note: As of 2023 May 20th, as authorized by BIP-21, all Bybit Locked amounts have been vested. The information below is for historical record purposes only.
For the purposes of tracking and analytics, vested tokens from Bybit Locked will be transferred to Bybit Flexible according to the vesting rules above.
Total number of tokens in Bybit Locked addresses can be viewed here: https://portfolio.nansen.ai/dashboard/APE-EJWYHS
| Vesting | Date | Target Units of $BIT remaining in Bybit Locked |
|---|---|---|
0 | 2022-07-16 | 4,500,000,000 |
1 | 2022-08-16 | 4,312,500,000 |
2 | 2022-09-16 | 4,125,000,000 |
3 | 2022-10-16 | 3,937,500,000 |
4 | 2022-11-16 | 3,750,000,000 |
5 | 2022-12-16 | 3,562,500,000 |
6 | 2023-01-16 | 3,375,000,000 |
7 | 2023-02-16 | 3,187,500,000 |
8 | 2023-03-16 | 3,000,000,000 |
9 | 2023-04-16 | 2,812,500,000 |
10 | 2023-05-16 | 2,625,000,000 |
11 | 2023-06-16 | 2,437,500,000 |
12 | 2023-07-16 | 2,250,000,000 |
13 | 2023-08-16 | 2,062,500,000 |
14 | 2023-09-16 | 1,875,000,000 |
15 | 2023-10-16 | 1,687,500,000 |
16 | 2023-11-16 | 1,500,000,000 |
17 | 2023-12-16 | 1,312,500,000 |
18 | 2024-01-16 | 1,125,000,000 |
19 | 2024-02-16 | 937,500,000 |
20 | 2024-03-16 | 750,000,000 |
21 | 2024-04-16 | 562,500,000 |
22 | 2024-05-16 | 375,000,000 |
23 | 2024-06-16 | 187,500,000 |
24 | 2024-07-16 | 0 |
Last updated