Tokenomics
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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.
0x1A4b46696b2bB4794Eb3D4c26f1c55F9170fa4C5
As of 2023 May 20th, as authorized by , the current state of token holdings and vesting status is as follows:
BitDAO Treasury aka. Mantle Treasury
Burn
All Others
Various
No remaining vesting schedules.
As of 2022 September 15th, as per launch parameters, all private sale vesting has been completed.
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).
First vesting: October 15, 2021
2.6% for SushiSwap
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)
Private Sale
Launch Partner Rewards
BitDAO Treasury
Mantle Core Budget
Bybit Flexible
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).
For the purposes of tracking and analytics, vested tokens from Bybit Locked will be transferred to Bybit Flexible according to the vesting rules above.
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
All distributions are authorized via , and viewable via
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 .
Initial state schedules are listed below.
All subsequent BIT purchases, BIT disbursements, and BIT burns from the BitDAO Treasury have been authorized via , and are viewable via .
As of 2023 April 5th, as authorized by, the majority of Bybit Locked vesting will be transferred to the BitDAO Treasury for community ownership.
As of 2023 May 20th, as authorized by , all BIP-20 contributions to the Treasury has been accelerated and completed.
As of 2023 May 20th, as authorized by , all Bybit Locked amounts have been vested.
Bybit Flexible and Bybit Locked Bybit has pledged to contribute significantly to the BitDAO treasury, see details . 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.
note: all vesting has been completed by September 15, 2022
Bybit Locked Note: As of 2023 May 20th, as authorized by , all Bybit Locked amounts have been vested.
Note: As of 2023 May 20th, as authorized by , all Bybit Locked amounts have been vested. The information below is for historical record purposes only.
Total number of tokens in Bybit Locked addresses can be viewed here: