Tokenomics
BAY is the platform's utility and governance token, holding the token unlocks a variety of benefits.
Steps to purchase BAY can be found on the Buy page.
After staking BAY, you will receive a staked BAY token. Note that the balance for this will return your total staked amount including any esBAY tokens and Multiplier Points.
Staked BAY receives three types of rewards:
- Escrowed BAY
- Multiplier Points
- AVAX Rewards
For more info on Escrowed BAY and Multiplier Points, please see the Rewards page.
To stake your BAY tokens, please visit the Earn page.
The max supply of BAY is 100,000,000.
The increase in circulating supply will vary depending on the number of tokens that get vested, and the number of tokens used for marketing/partnerships.
BAY allocations are:
- 1.Initial liquidity (20%): 20,000,000 BAY + $50,000. Start price: $0.0025.
- 2.The remaining 80% BAY will be converted to Escrowed BAY (esBAY) in 2 years:
- BayMax NFT (20%): 16,000,000 esBAY (Vesting in 2 years)
- Dev Fund (10%): 8,000,000 esBAY (Vesting in 2 years)
- BLP Staker (35%): 28,000,000 esBAY (Vesting in 2 years)
- BAY & esBAY Staker (15%): 12,000,000 esBAY (Vesting in 2 years)
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Fees collected by the platform are distributed as follows:
- 1.BLP Staker: 60% fees
- 2.BAY & esBAY Staker: 30% fees
- 3.Buyback & Add liquidity: 8% fees
- 4.Gas Fee: 2% fees
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Last modified 4mo ago