Tokenomics
$BB Token - Deflationary and Creative
BizarreBeasts ($BB) Token
The $BB token is the native currency of the BizarreBeasts ecosystem. Designed with deflationary mechanisms, it ensures long-term value appreciation while providing users with opportunities to earn
Tokenomics
Initial Supply: 500 million $BB
Max Supply: 500 million $BB
Inflation: None (minting renounced)
Team Token Distribution: 30 million $BB (6% of supply)
Team tokens are vested over 5 years with a daily drip schedule of ~16,438 tokens with no cliffs.
The daily drip schedule will begin on October 1, 2024 and be fully vested by October 2029.
Deflationary Mechanisms
Buyback and Burn:
20% of NFT Revenue: Allocated to buy back and burn $BB tokens, reducing the circulating supply over time.
Deposit Fees:
$BB/$ETH LP Pool: 2.5% deposit fee, automatically burned.
Single Staking $BB Pool: 3.5% deposit fee, automatically burned.
Impact on Future Price Appreciation
The deflationary mechanisms in place ensure a continuous reduction in the circulating supply of $BB tokens. This scarcity can drive demand, potentially leading to an increase in the token's value over time. Key factors contributing to future price appreciation include:
Reduced Supply:
The buyback and burn strategy, along with deposit fee burns, ensures a diminishing supply of $BB tokens, creating a scarcity effect that can drive up the price.
Increased Demand:
As the ecosystem grows and more users participate in staking and other platform activities, the demand for $BB tokens is expected to rise, further contributing to price appreciation.
Earning Passive ETH
While $BB tokens benefit from deflationary pressures, users can also earn passive ETH by staking their tokens and NFTs. Here's how it works:
Staking Rewards:
Users stake their $BB tokens or NFTs in various pools to earn passive ETH rewards.
Reward Allocation:
$BB/$ETH LP Pool Stakers: Receive 70% of the NFT revenue allocated for passive ETH rewards.
Single Staking $BB Pool: Receives 20% of the NFT revenue allocated for passive ETH rewards.
NFT Stakers: Receive 10% of the NFT revenue allocated for passive ETH rewards, with Tier 1 NFTs earning the most ETH and Tier 4 the least.
Long-Term Benefits
The combination of deflationary mechanics and passive ETH rewards positions $BB as a valuable token within the Bizarre Beasts ecosystem. Holders of $BB can expect:
Potential Price Appreciation:
Due to the continuous reduction in supply and growing demand, the value of $BB tokens is likely to appreciate over time.
Sustainable Earnings:
Staking $BB tokens or NFTs allows users to earn passive ETH, providing a sustainable income stream while holding a potentially appreciating asset.
The $BB token is a carefully crafted deflationary asset designed to reward its holders and participants in the BizarreBeasts.io ecosystem. By incorporating robust deflationary mechanisms and offering passive ETH rewards, $BB stands to deliver long-term value and sustainable earnings for its community.
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