Tokenomics
Introducing Fairnomics for the long term success of the gamers, investors and team.
Last updated
Introducing Fairnomics for the long term success of the gamers, investors and team.
Last updated
BCX is built for the community first. BCX employs a balanced token distribution with 50% of the supply going to the Gameplay Pool. To accelerate growth and adoption, BCX allocates 10% to the Marketing Pool and another 10% for the Reserve Liquidity Pool.
BCX introduces the Fairnomics Tokenomics Model, a revolutionary model inspired by (Changpeng Zhao), the founder of Binance, that ensures a project is adequately funded for the long-term while while preventing token dumps if the price has not gone up thus protecting investors, users and the team.
With a max supply of 10 billion $BCX, there will be a Seed Round where 10% of all tokens will be unlocked and sold on the market for $0.01 per $BCX. Seed Round proceeds go towards onboarding events for gamers and publishers, rapid global marketing and building out the BCX ecosystem further.
Three (3) months after the previous unlock.
ONLY IF the token price has sustained 50% above the previous unlock price for more than 15 days immediately before the unlock.
ONLY up to 5% of tokens can be unlocked at each milestone.
The project teams have the discretion to delay or reduce the size of each unlock. If they don’t want to sell more, they don’t have to. But the maximum they can sell (unlock) each time is 5%, and then they have to wait for at least another 3 months AND the price to sustain a 50% increase again.
The project team does NOT have the discretion to shorten or increase the size of the next unlock. The tokens shall be locked by a smart contract where a third party controls the keys.
This avoids new tokens flooding the market when prices are low. It also gives the project team incentives to build for the long term.
The example table below estimates the price 1.5x every three months. It is possible milestones are achieved after the third month and that prices can more than double or triple thus setting a higher requirement level for the next unlock.
In summary, Fairnomics is a long term tokenomics model that’s fair to all users.
Team sells 10% of the supply to adequately fund the project for at least 4 years.
Team can only unlock up to 5% of supply if the following conditions are met:
3 months has passed since the last unlock.
Token price increases at least 50% from the previous unlock and sustains it for 15 consecutive days.
The Fairnomics model ensures a focus on long term growth by:
Adequately funding the project.
Requiring a sustained 50% increase in token price to unlock any supply.
Limiting each unlock to 5% max.
Making unlocks at least 3 months apart.
Providing enough time for anyone to sell or buy.
Fairnomics was coined by $BCX founder Ben Vu and is a revision of CZ’s proposed tokenomics model. The BlueStacks Coin project is the first project to use the Fairnomics model.
