See the schedule below for locks and vesting durations:
Do note: the total for both Private and Public sales is 240,000 USDT
As stated in the whitepaper, liquidity mining pool is the biggest allocation as we aim to offer the maximum liquidity possible for the benefit of all users long term.
To add incentive in holding BFR tokens, we will have liquidity mining for users and staking rewards for those locking up their BFR in the system. As highlighted before this is a win win as the system will have more liquidity and cheaper prices, whilst also like any protocol a cheap way to go to market/operate unlike traditional approaches of money makers.
For liquidity miners the rewards are two fold: staking rewards and liquidity mining rewards. Participate in liquidity mining and receive reward tokens, then stake those reward tokens. Bonus: The longer you stake, the higher your Bonus Multiplier becomes. Details for this TBA in the coming weeks. Staking rewards will be taken from the vault. Most of the BFR in settlement fees 0.1% will go to the vault. All taker fees will go to the vault whilst half of maker fees will go to brokers as incentive, and the other half to vault.
In addition the vault will act as lender of last resort for the multi asset collateral lending platform, where users can bring their other tokens and get loans in BFR from other users (going rates TBA if free market or fixed by 3rd party rates like Compound’s).
For easy reference, vesting and locks version of the distribution chart is below:
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