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.
0x1A4b46696b2bB4794Eb3D4c26f1c55F9170fa4C5
Date | Proposal | Changes |
---|---|---|
July 15, 2021 | Initial State | Fixed supply of 10,000,000,000 BIT tokens |
September 16, 2022 | 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 |
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)
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.
Category | Address |
---|---|
Private Sale | 0x117c7c3835e7465926AE4ebc3F4e5A3c5afE108d
note: all vesting has been completed by September 15, 2022 |
Launch Partner Rewards | |
BitDAO Treasury | |
Bybit Flexible | 0x5a076b2D0941F2BC9b49d05D3a1FF9C7aCDc5e78
Used for delegation:
0x1aDCf8D5fdbdB3584dD632Ad6A465d29fB66D15C
0x4C4813A2FA0cF25882867bdFf2016c0346Eb505A
0xa89Fa59b419EEDf66E749cBF7Bf1F8450e9D1fa8
0xdB2EFcfaCACe60ceAcC7885e20E965CB2C994511
0x3F7b35C3492584FF5E1498866037deB0DAa7f5Fa
0x56526674663bAfFEd296b38F26820bdd6FffBB0a
0x8C2E783E61A2A27F0d4FcBd47B6335Bf56D67DbD
0xdE4265C62A1A1bAEC459Ee77478E2e629a5C8767
0x923b64125293d0e682AC98ba638E9b3283D9992a
0x22Afb6c6cBbF93C1fAeA58d418A131e6419136D2
0xB9E977203150711Fa134055e8244E87f9D6504d2
0xDEAF3d23C6b712Ba708bDE7F063E32a40D3b44bA |
Bybit Locked | |
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.
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 | 2023-16-16 | 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 modified 2d ago