Taking Bio Protocol’s BIO token as an example, its token model is as follows:
Token Economic Model
- Purpose: Can be used to select biodao to join the bio protocol program, priority participation in biodao token sales and ip token sales, obtain discounts on biodao health products/services, conduct meta-governance in biodao, and vote on bio issuance, fund allocation and protocol updates, etc.
- Supply: The total initial supply is 3.32 billion, which has the characteristics of non-transferability and unlimited maximum supply. In the future, additional issuance may be decided through governance voting. Additional issuance requires the deployment of a new token contract to replace the current bio token.
Token Distribution Model
- Community: 56% in total, of which community airdrop accounts for 6%, or 199,200,000 bio; community auction accounts for 20%, or 664,000,000 bio; ecosystem incentives account for 25%, or 830,000,000 bio; molecule ecosystem fund accounts for 5%, or 166,000,000 bio.
- Core Contributors: 21.2%, or 703,840,000 bio, with a 1-year lock-up period, followed by a 6-year linear unlock.
- Investors: 13.6%, or 451,520,000 bio, with a 1-year lock-up period and a linear unlocking period of 4 years.
- Molecule: 5%, or 166,000,000 bio, unlocked linearly over 4 years.
- Advisors: 4.2%, or 139,440,000 bio, with a 1-year lock-up period and a linear unlocking period of 6 years.