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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

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).