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🪙$BTORO Tokenomics

Overview of $BTORO

The Bitoro Network represents a new era in decentralized finance (DeFi), prioritizing efficiency, transparency, and inclusivity. At the core of this ecosystem lies the $BTORO token, meticulously designed to decentralize the protocol, stimulate network growth, incentivize user participation, and ensure economic stability. By leveraging cutting-edge blockchain technologies, Bitoro Network aims to satisfy the stringent requirements of global financial systems, facilitating fast, secure transactions while upholding the principles of decentralization.

The $BTORO tokenomics are structured to build a robust and sustainable ecosystem, aligning the interests of all stakeholders through a thoughtfully crafted distribution strategy and incentive mechanisms. This structure supports governance and staking activities, enhances liquidity for BitoroCore, and fosters active community engagement. Through this model, Bitoro Network aspires to create a fair and equitable economic environment where value is shared justly, and contributions are appropriately rewarded.

Bitoro Network’s economic ecosystem comprises a diverse range of participants, each playing a pivotal role in advancing the platform’s DeFi objectives. Market makers, traders, $BTORO holders, and builders are the key drivers of liquidity, dynamism, and innovation within the network, ensuring its success and long-term viability. Below is an exploration of the roles these key economic actors play:

Traders: Traders actively engage in buying and selling assets on Bitoro Network, contributing to the network’s dynamism and price discovery by capitalizing on market opportunities. By interacting with the liquidity provided by market makers, traders increase the network’s trading volume and indirectly strengthen its liquidity. In their pursuit of profit, traders play a crucial role in determining the fair value of assets within the ecosystem.

$BTORO Holders: $BTORO holders possess the native token of Bitoro Network, granting them a stake in its future. Beyond speculative interests, holding $BTORO tokens empowers individuals to participate in governance decisions, influencing the platform’s direction and policies. The commitment of $BTORO holders to maintaining and utilizing their tokens fortifies the network’s stability and governance integrity.

Builders: Builders are the creators of applications and services operating on BitoroCore. They develop decentralized applications (dApps), smart contracts, and protocols that enhance the network’s functionality and use cases. As BitoroCore will serve as an infrastructure layer, builders are instrumental in driving innovation within the ecosystem, fostering adoption through user-friendly applications, and leveraging the network’s capabilities to address real-world challenges. Developers may be incentivized through grants, dApp fees, or funding from ecosystem funds for projects that significantly contribute to the ecosystem’s growth.

Market Makers: Market makers (liquidity providers) contribute liquidity to the markets, minimizing price volatility and enabling smooth transactions for users. By placing buy and sell orders within Bitoro Network’s trading infrastructure (BitoroCore), they will allow traders to execute orders efficiently, without causing significant price fluctuations. Market makers are incentivized through trading profits and liquidity provision rewards, distributed in $BTORO tokens, ensuring a steady supply of liquidity essential for the network’s operational efficiency and user satisfaction.

The collaboration among market makers, traders, $BTORO holders, and builders fosters an environment conducive to growth and innovation. Market makers and traders sustain network liquidity and activity, $BTORO holders provide governance and security, and builders drive continuous innovation and utility. Together, these actors form a resilient and dynamic ecosystem that supports Bitoro Network’s mission to revolutionize DeFi through inclusivity, efficiency, and user empowerment.

$BTORO Token Utility

$BTORO token utilities are deeply integrated into the platform, creating a flywheel effect that drives platform adoption and aligns the interests of various stakeholders:

  • Governance Rights: Staking $BTORO allows token holders to participate in decentralized governance over key aspects of the Bitoro Network as the governance process is formalized. Additional details will be announced in due course.

  • Earning APY: The staking program offers an attractive APY providing compelling incentives for users to stake their tokens and generate passive income.

  • Token Burn Program: A portion of the platform's revenues will be allocated to repurchase $BTORO tokens from circulation on a quarterly basis.

  • Boosting Trading Rewards: By staking $BTORO, traders receive a higher share of the trading rewards and fee rebates.

  • Boosting Market Making Rewards: Staking $BTORO enables market makers to earn a higher share of market-making rewards (BitoroCore)

  • Other Utilities: Additional $BTORO token utilities will be introduced in Bitoro Network’s upcoming products and third-party DeFi protocols.

Distribution and Emission Schedule

A total of 1 billion $BTORO tokens will be distributed over 48 months, with more than 50% allocated to the community. The $BTORO governance tokens will be distributed across the following categories:

  • Community - 35%: The community is the lifeblood of Bitoro, encompassing a diverse range of stakeholders, from stakers to algorithmic traders. This allocation is dedicated to growing active users on Bitoro through trading rewards, future airdrops, and liquidity provision rewards. Additionally, the Bitoro Foundation will fund developer tools and resources and launch public awareness campaigns to expand Bitoro's usage.

  • Launch Airdrop - 15%: 15% of all $BTORO tokens are reserved for the initial launch phase. These tokens will be distributed to existing Bitoro users in recognition of their historical contributions to the platform's development and growth. This includes long-standing traders, participants in trading programs and competitions, and those who participated in the pre-TGE public token sale on Mito (Injective’s Launchpad).

  • Strategic Partners - 15%: All strategic investors and partners will be locked for the first 6 months after TGE, with 2-year linear vesting thereafter. There is no cliff or a sudden unlock when the linear vesting starts.

  • Core Contributors - 10%: Bitoro Labs team and advisors. These tokens are locked on a 1 year 25% cliff, with 3-year linear vesting thereafter. No team tokens are unlocked prior to the 1-year cliff.

  • Ecosystem/Protocol Development - 25%: This allocation is for current and future contributors focused on developing Bitoro Protocol tooling, products, and infrastructure, thus expanding the Protocol’s suite of decentralized DeFi applications. It includes funds reserved for protocol development, marketing, and further community incentives.

$BTORO Token Emission Schedule

The $BTORO emissions will follow a 48-month schedule, at the end of which all $BTORO tokens will be fully circulating, with the vast majority allocated to community and ecosystem growth.

Staking Information

$BTORO staking will be available at TGE and is central to $BTORO tokenomics, offering a range of benefits to all platform stakeholders. These benefits include a generous APR, enhanced trading rewards, increased market-making rewards (BitoroCore), and governance rights.

One of the key benefits of our staking model is encouraging staking through incentives rather than imposing hard locks—stakers are motivated to keep their $BTORO tokens staked to avoid dilution from continuous emissions per block.

What’s Next?

The launch airdrop is the next significant milestone. Here’s what to expect leading up to the airdrop:

  • A blog post outlining the airdrop eligibility criteria and further staking details will be released soon. Note: generally speaking, any wallets that hold Bitoro points are eligible for airdrop on a 1:1 basis.

  • There will be a claim period during which eligible users can claim their $BTORO governance tokens. We will be introducing the Claim and Staking dashboard over the next couple of weeks.

  • The launch of $BTORO and the DAO represents a pivotal step towards decentralizing Bitoro. We are excited to witness how these advancements will drive the long-term growth and success of the Bitoro Network!

Disclaimer

The Bitoro Foundation will keep you informed once the eligibility checker and airdrop claim tools are live. Note that Bitoro contributors will never approach you to ask for personal information or money.

We strongly advise our community members to exercise caution and be wary of potential scams or illegitimate pages. The Foundation and community moderators will never message you first or ask for personal information or private keys.

THIS DOCUMENT IS NOT AN OFFER TO SELL OR A SOLICITATION TO PURCHASE ANY $BTORO. IT DOES NOT CONSTITUTE AN OFFERING, ADVERTISEMENT, SOLICITATION, CONFIRMATION, STATEMENT, OR ANY FINANCIAL PROMOTION THAT CAN BE INTERPRETED AS AN INVITATION OR INDUCEMENT TO ENGAGE IN ANY INVESTMENT ACTIVITY. THE CONTENT PROVIDED HERE SHOULD NOT BE RELIED UPON FOR LEGAL, INVESTMENT, FINANCIAL, TAX, OR OTHER PROFESSIONAL ADVICE AND IS NOT A SUBSTITUTE FOR CONSULTING WITH A QUALIFIED PROFESSIONAL.

THE DOCUMENT CONTAINS HYPOTHETICAL, FORWARD-LOOKING, AND/OR PROJECTED FIGURES THAT ARE NOT GUARANTEED AND MAY CHANGE; ACTUAL RESULTS MAY DIFFER. BITORO FOUNDATION AND ITS AFFILIATES MAKE NO REPRESENTATIONS OR WARRANTIES, EXPRESS OR IMPLIED, REGARDING THE COMPLETENESS, RELIABILITY, VALIDITY, OR ACCURACY OF THIS INFORMATION. THE CONTENT MAY CONTAIN ERRORS AND INCORRECT INFORMATION. YOU ACKNOWLEDGE THAT ANY INFORMATION PROVIDED HEREIN IS SUBJECT TO CHANGE WITHOUT NOTICE. NO ADVICE OR INFORMATION, WHETHER ORAL OR WRITTEN, OBTAINED FROM BITORO, WILL CREATE ANY WARRANTY OR REPRESENTATION NOT EXPRESSLY STATED HEREIN.

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