BitDAO
bitdao.io
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  • Introduction
  • Litepaper
    • Governance
    • Delegation
    • Tokenomics
  • Partners
    • Early Partners
    • Bybit Pledge
    • SushiSwap DAO
  • ADDITIONAL DOCUMENTS
    • FAQ
    • Official Links
    • Audit Reports
    • Brand Assets
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  • BIT Token Address
  • Current State
  • Historical State and Changes
  • Supply and Inflation
  • Distribution and Vesting
  • Additional Data

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  1. Litepaper

Tokenomics

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Last updated 1 year ago

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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.

BIT Token Address

0x1A4b46696b2bB4794Eb3D4c26f1c55F9170fa4C5

Current State

As of 2023 May 20th, as authorized by , the current state of token holdings and vesting status is as follows:

Holder Category
Addresses
Comment

BitDAO Treasury aka. Mantle Treasury

Burn

All Others

Various

No remaining vesting schedules.

Historical State and Changes

Supply and Inflation

Initial State and Authorized Changes

Notable Items

  • As of 2022 September 15th, as per launch parameters, all private sale vesting has been completed.

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)

Additional Data

Key Addresses List

Category
Address

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).

Bybit Locked - Vesting Schedule and Tracking

For the purposes of tracking and analytics, vested tokens from Bybit Locked will be transferred to Bybit Flexible according to the vesting rules above.

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

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:

BIP-21
Token Design research article
distribution and vesting
Snapshot Proposals
Treasury Monitor
BIP-20
BIP-21
BIP-21
here
BIP-21
https://portfolio.nansen.ai/dashboard/APE-EJWYHS
0x78605Df79524164911C144801f41e9811B7DB73D
Snapshot Proposals
Treasury Monitor
0x000000000000000000000000000000000000dEaD
0x117c7c3835e7465926AE4ebc3F4e5A3c5afE108d
0xF405127e31E96216F6214983546E7A2dE2b9881b
0xd9107D1d077C2516e83cB41f41883570D904f050
0x78605Df79524164911C144801f41e9811B7DB73D
0x02c2E03c5F241794909D953F5b8fA630856F172C
0x1B9Cef6Bdd029f378c511E5e6C20eE556b6781b9
0x5a076b2D0941F2BC9b49d05D3a1FF9C7aCDc5e78
BIP-21
0xE5791f93b997c7Fc90753A1f2711E479773a2A87
0xf6032C7c15bF4B56bfc5D69208f9ce47F5958512
0xb67e28a7e0D1AD886eeeb18B0BDa55b7Efb56113
0x991A91681f80cb890338B89C1A72be719A902d8B
0x16fE6e64447051b1Eb68d6408F041ac22f6fd563
0x44b4bABd7cbC8cE32Dc3Ff77ed9B6dF9E2D11003
0x3329Fbcda16f15c4Ed1D6847BF18e9d045EE941F
0xa2E5e8A607562B7BdA05d5820e569C290b43be6D
0x3A9B1Da81ca44FEBc97A713242F6a3FeeeC7C891
0xc20C13D2303EEAEEaeb7f73BabF7014bce6D130a
0x000000000000000000000000000000000000dEaD