The $BOND token is a governance token that powers the BarnBridge DAO protocol. $BOND is an ERC-20 token. Holders of the token will have the ability to govern the network by staking their holdings in return for the right to govern the network. The $BOND token is tradeable on any exchange and storable on any wallet that has adopted the ERC-20 token standard - providing broad access across the world.
The total amount of $BOND tokens is fixed at 10,000,000. There is no ability to create or issue additional tokens.
The distribution breakdown is designed to facilitate the most decentralized protocol and make sure power doesn’t reside in the hands of a few.
The vesting schedule is designed so that there is not a giant cliff waiting over user’s heads at a specific point. The tokens allocated to the Founders, Seed Investors, and Advisors are locked in a smart contract that releases the tokens on a weekly basis over a two year period. The vesting period started with the launch of the Yield Farming mechanism. Learn More.
As of right now, a total of 79,000 %BOND tokens is distributed weekly.
USDC/DAI/sUSD Pool: 32,000;
USDC/BOND Pool: 20,000;
$BOND #Hodl Pool: 5,000;
Team vesting: 22,000.
BarnBridge Non-Fungible Tokens program was an additional initiative for rewarding active community participants with custom ERC-721 NFTs. The program has ended on Jan 28th, 2021. Read more in this Medium post, also taking the ticker for $BOND, were just another way of incentivizing early project supporters may be and will likely be completely pointless outside of being cool and fun. Every $BOND NFT is one of a kind. There may be similar ones in the collection but no 2 are exactly the same. Downstream, we’ve seen DeFi projects propose using NFTs as proof of liquidity in income streams & wrapped NFTs as loan representations. With almost every high profile DeFi project experimenting in one way or another, the point is clear: DeFi is looking into NFTs. While we’ve been looking at what NFTs mean for DeFi, at the moment, we’re just paying attention. Learn more in our Medium article.