Distribution and Issuance
Last updated
Last updated
6,942,000,000 Berally ($BRLY) tokens are set to be distributed over a period of 5 years. The number of tokens is finite and can be reduced based on the performance of the platform.
The allocation of supply distribution structure are as follows:
25% of total token are allocated to Public LBP on Fjord Foundry, 100% unlocked at TGE
44% of total token are allocated to Community and contribute to the growth of the platform include:
4% of total supply are allocated to airdrops. In which, 2% of the total supply will be airdrop to Beracid holders. 1% will be allocated to testnet participants. 1% will be used to bring users from other platforms to Berally.
30% of total supply is allocated to use as Protocol Incentives. It will be monthly unlocked, linear over 5 years. The distribution will be fully transparent, allocated to platform users based on categories and can be influenced by voting. Take a look at how it work: beta.berally.io/rewards.
10% of total supply are allocated to Marketing and Validator Bribe, unlocked linear in 1 year. It will be used to fund marketing campaigns and bribing validators to drive BGTs into Pass gauge.… majority will be used to bribe validators thou because we don't believe it influencers marketing.
9% of total token are allocated to Liquidity and Deals:
3% of total supply are for DEX liquidity, 100% unlocked and lock forever at TGE.
6% of total supply are for Partner deals, 100% unlocked at TGE. In which, 3% for Beradrome. 1% for Honeycomb holders, 0.75% for Fjord holders and 1.25% for Honeypot Liquidity management.
22% of total token are allocated to Team, Operation, and Advisor, 1 year cliff, then linear unlocked in 1 year.
We are a community-centric project. Before the public round, we self-funded the project with the help of some angel investors and friends (including SqrDao and Vertex Protocol, who will take the team allocation with us). There will only be one round—the Public LBP on Fjord Foundry. The round will be a whitelist-only round, though. The details will be announced in the coming days.
The valuation will be decided by the community through the LBP mechanism. Make of that what you will.
On day one of Berachain mainnet, the token will go live along with our dApps. Revenue sharing will also kick in instantly.
