The official launch of the $BTORO token is right around the corner. Soon, tens of thousands of Bitorians will be able to claim their rightfully earned allocations and access all the benefits that come with them — from reduced fees and token buybacks to governance and other rights.
If you’re one of the lucky individuals who own Bitoro points, then it’s about time you learn about all the details of our upcoming Token Generation Event and everything that comes with it. We are so back.
When launch?
As of today, we expect the launch to take place on September 26, 2024, at 3pm. If you’re somewhat of a crypto veteran, you’ll probably know that unexpected things can sometimes happen. That’s why we suggest to keep an eye out on our announcements on Discord and X to make sure you’re up to date on any potential changes.
How to claim the airdrop?
We’ll be releasing a new Claim & Stake dashboard which will go live on app.bitoro.network in the hours preceding the actual TGE. We will provide more details and screenshots of the dashboard ahead of time through our social channels — make sure to always verify if you’re on one of our official channels to avoid being scammed.
All users will be able to convert their Bitoro points to $BTORO tokens on a 1:1 basis via the dashboard.
About staking
To incentivize long-term holding and reward our most loyal followers, all $BTORO owners will be able to stake their tokens for a guaranteed return directly from the launch date. The token rewards will be paid out through the Bitoro community fund.
Users will be able to earn a whopping 100% staking annualized return (APR) for a 3-month lock, while no-lock staking will come with a 30% staking APR.
Will there be vesting for airdrop tokens?
Even though some Bitoro stakeholders will receive their $BTORO tokens on a 2–4 year vesting schedule, this does not apply to any airdrop allocations. All of your earned Bitoro tokens will become fully unlocked at TGE.
Will there be a token sale?
We’re currently finalizing an exclusive sale of $BTORO tokens on Injective’s premier launchpad, Mito. More details on this will likely follow in the coming days.
After this sale, and if there is still room within the 15% airdrop allocation, any remaining tokens will be allocated to all Bitoro users in proportion to their total volume on Bitoro since our launch on both Orderly and Injective. These tokens will be subject to 6 months of vesting (1 month cliff and 5 months linear).
Which other tokens will be on the market at TGE?
Our airdrop tokens are the only $BTORO tokens that will be on the market directly at TGE. The Bitoro Foundation will have tokens available but these are exclusively used for marketing and staking purposes. Vesting of other tokens (e.g. core contributors, strategic partners, etc.) will start in the month following TGE.
You can learn more about our token economics here.
Where can I trade $BTORO?
We are currently in the final stages of securing listings of $BTORO on several highly popular centralized exchanges. Additionally, $BTORO can be added for trading on any decentralized exchanges on the Ethereum network, such as Uniswap.
What happens after TGE?
Of course, $BTORO rewards don’t just stop with our token launch. Our marketing team is prepared to immediately kick off a new season of rewards following our TGE. More details about these upcoming campaigns and challenges will follow soon.
What can I do until TGE?
If you’re looking to be productive ahead of our TGE, then we have some exciting tasks for you. In the following week, you will have another opportunity to compete in our Daily Top-50 challenge, which will come with an additional $ORDER bonus from our friends at Orderly Network on top of the usual Bitoro points. Moreover, you can also partake in our Bitoro Quiz Galxe Campaign which was just announced on our socials.
