BitFi has announced the tokenomics for its native token, BFI, and plans to launch a public sale via Sonar by Echo. The sale will offer 1% of the total BFI supply at $0.05 USDC per token, aiming to raise $500,000 USDC with a fully diluted valuation of $50 million USDC. The public sale will use a fixed price and pro-rata allocation mechanism, accepting USDC on Ethereum, with all tokens fully unlocked at the token generation event (TGE).
The total supply of BFI is set at 1 billion tokens, initially issued as ERC-20 on Ethereum, with cross-chain support for ecosystems like Base and BNB Chain. On launch, 14.5% of the supply will be in circulation. The token distribution includes 47% for community and ecosystem purposes, with long-term locking and vesting for most tokens to support BitFi's growth. BFI will function as a utility and governance token, enabling staking, governance participation, and ecosystem incentives. The public sale will be conducted through Sonar by Echo, emphasizing compliance and standardization in crypto project sales.
BitFi Unveils BFI Tokenomics and Public Sale Details
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