Bitlayer unveils BTR tokenomics, allocating 40% for ecosystem incentives
According to a report by Jinse Finance, Bitlayer has officially announced that the initial public offering (TGE) of the BTR token is about to launch. BTR serves as the governance token for the Bitlayer ecosystem, with a fixed total supply of 1 billion tokens and an initial circulating supply of 261.6 million tokens, accounting for 26.16% of the total. The tokens will be minted on the Bitlayer network and distributed via the Ethereum mainnet and BNB Smart Chain, enabling cross-chain compatibility. BTR token utilities include staking and node voting, on-chain governance, and a fee distribution mechanism. The token allocation plan is as follows: 40% for ecosystem incentives, 20.25% for investors and advisors, 12% for the core team, 11% for public distribution, 7.75% for node incentives, 6% for the treasury, and 3% for liquidity.
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