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
​
Supply and Inflation
Date
Proposal
Changes
July 15, 2021
Initial State
Fixed supply of 10,000,000,000 BIT tokens
September 16, 2022​
​BIP-14​
Bybit contributions may result in monthly BIT burns, reducing the overall supply. BIT will be sent to the following burn address: 0x000000000000000000000000000000000000dEaD and can be tracked at https://www.bitdao.io/analytics.
​
Distribution and Vesting
Summary
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.
Private Sale
First vesting: October 15, 2021
Launch Partner Rewards
2.6% for SushiSwap
Remaining TBD
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.
Key Addresses List
Category
Address
Private Sale
​0x117c7c3835e7465926AE4ebc3F4e5A3c5afE108d
note: all vesting has been completed by September 15, 2022
Launch Partner Rewards
​0xF405127e31E96216F6214983546E7A2dE2b9881b​
​0xd9107D1d077C2516e83cB41f41883570D904f050​
BitDAO Treasury
​0x78605Df79524164911C144801f41e9811B7DB73D
0x02c2E03c5F241794909D953F5b8fA630856F172C​
Bybit Flexible
​0x5a076b2D0941F2BC9b49d05D3a1FF9C7aCDc5e78

Used for delegation:
0x1aDCf8D5fdbdB3584dD632Ad6A465d29fB66D15C
0x4C4813A2FA0cF25882867bdFf2016c0346Eb505A
0xa89Fa59b419EEDf66E749cBF7Bf1F8450e9D1fa8
0xdB2EFcfaCACe60ceAcC7885e20E965CB2C994511
0x3F7b35C3492584FF5E1498866037deB0DAa7f5Fa
0x56526674663bAfFEd296b38F26820bdd6FffBB0a
0x8C2E783E61A2A27F0d4FcBd47B6335Bf56D67DbD
0xdE4265C62A1A1bAEC459Ee77478E2e629a5C8767
0x923b64125293d0e682AC98ba638E9b3283D9992a​
Bybit Locked
​0xE5791f93b997c7Fc90753A1f2711E479773a2A87​
​0xf6032C7c15bF4B56bfc5D69208f9ce47F5958512​
​0xb67e28a7e0D1AD886eeeb18B0BDa55b7Efb56113​
​0x991A91681f80cb890338B89C1A72be719A902d8B​
​0x16fE6e64447051b1Eb68d6408F041ac22f6fd563​
​0x44b4bABd7cbC8cE32Dc3Ff77ed9B6dF9E2D11003​
​0x3329Fbcda16f15c4Ed1D6847BF18e9d045EE941F​
​0xa2E5e8A607562B7BdA05d5820e569C290b43be6D​
​0x3A9B1Da81ca44FEBc97A713242F6a3FeeeC7C891​
​0xc20C13D2303EEAEEaeb7f73BabF7014bce6D130a​
BIT Burn
​0x000000000000000000000000000000000000dEaD​
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 pick 1 delegatee to delegate votes to).






​

Date	Proposal	Changes
July 15, 2021	Initial State	Fixed supply of 10,000,000,000 BIT tokens
September 16, 2022	BIP-14	Bybit contributions may result in monthly BIT burns, reducing the overall supply. BIT will be sent to the following burn address: 0x000000000000000000000000000000000000dEaD and can be tracked at https://www.bitdao.io/analytics.

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

Category	Address
Private Sale	0x117c7c3835e7465926AE4ebc3F4e5A3c5afE108d note: all vesting has been completed by September 15, 2022
Launch Partner Rewards	0xF405127e31E96216F6214983546E7A2dE2b9881b 0xd9107D1d077C2516e83cB41f41883570D904f050
BitDAO Treasury	0x78605Df79524164911C144801f41e9811B7DB73D 0x02c2E03c5F241794909D953F5b8fA630856F172C
Bybit Flexible	0x5a076b2D0941F2BC9b49d05D3a1FF9C7aCDc5e78 Used for delegation: 0x1aDCf8D5fdbdB3584dD632Ad6A465d29fB66D15C 0x4C4813A2FA0cF25882867bdFf2016c0346Eb505A 0xa89Fa59b419EEDf66E749cBF7Bf1F8450e9D1fa8 0xdB2EFcfaCACe60ceAcC7885e20E965CB2C994511 0x3F7b35C3492584FF5E1498866037deB0DAa7f5Fa 0x56526674663bAfFEd296b38F26820bdd6FffBB0a 0x8C2E783E61A2A27F0d4FcBd47B6335Bf56D67DbD 0xdE4265C62A1A1bAEC459Ee77478E2e629a5C8767 0x923b64125293d0e682AC98ba638E9b3283D9992a
Bybit Locked	0xE5791f93b997c7Fc90753A1f2711E479773a2A87 0xf6032C7c15bF4B56bfc5D69208f9ce47F5958512 0xb67e28a7e0D1AD886eeeb18B0BDa55b7Efb56113 0x991A91681f80cb890338B89C1A72be719A902d8B 0x16fE6e64447051b1Eb68d6408F041ac22f6fd563 0x44b4bABd7cbC8cE32Dc3Ff77ed9B6dF9E2D11003 0x3329Fbcda16f15c4Ed1D6847BF18e9d045EE941F 0xa2E5e8A607562B7BdA05d5820e569C290b43be6D 0x3A9B1Da81ca44FEBc97A713242F6a3FeeeC7C891 0xc20C13D2303EEAEEaeb7f73BabF7014bce6D130a
BIT Burn	0x000000000000000000000000000000000000dEaD

Last modified 26d ago