Supply and Distribution

BGR Supply and Distribution

BGR will be issued on the Avalanche C-chain. The maximum supply of BGR tokens would be 10 billion. 50% of the maximum supply would be allocated to the founding team, advisors, early investors and -adopters, discretionary reserves and marketing incentives.

The remaining BGR will be community incentives (50%), including a 2% initial airdrop allocation where BGR is minted and provided to data scientists or any other community members in exchange for actions or events that enhance or favourably promote the bitgrit ecosystem and Network.

Supply

Beneficiaries	Allocation	Cliff/Vesting	Details
Core team and advisors	23%	6 months / 32 months	Allocation is for the core team that contributing to the project, as well as strategic advisors. Longer cliffs and vesting periods are to reduce the likelihood more than 1% of total supply is dropped on the market at any given point in time after the cliff.
Early Supporters	5%	0 months / 24 months	BGR financial and otherwise supporters from inception or very early stages of the project.
Early Partners	7%	0 months / 32 months	BGR financial and otherwise supporters from early stages of the project.
Community Emissions	40%	0 months / 32 months	This allocation is used for the Ambassador Partner program, contest rewards, community dataset provider rewards, data scientist incentives rewards, hackathon, airdrop, liquidity provider reward.
Marketing & Events Reserve	10%	0 months / 32 months	This allocation is to be used for initiatives that promote Job Boards within the Network.
Early Marketing Reserve	2%	0 months / 0 months	Early Marketing Reserve that ensure the engagement of the most needed community members early in the project’s lifecycle, early giveaway and early partnership.
Discretionary Reserve	8%	0 months / 24 months	A reserve the bitgrit team can use to promote the project and ensure its success, especially against unforseen challenges.
Liquidity Reserve	5%	0 months / 0 months	A liquidity reserve to ensure liquidity is upheld across markets, especially deep liquidity or concentrated liquidity concepts (i.e., a DEX).

We note that the current BGR token in circulation, already traded with existing liquidity on secondary markets, represents an earlier version within our ecosystem. The introduction of the new token signals our decision to replace its predecessor, emphasising that trading with the previous token will no longer be supported within our ecosystem.