BPT
BARK Protocol (BPT) Token economic model
The BARK Protocol Token (BPT) serves as a foundational element within the BARK ecosystem, playing a pivotal role in driving its development and sustainability. Here's how BPT is utilized within the ecosystem and connected with the overarching objectives of the BARK Protocol. BPT holders are allocated BARK and BARKER tokens 1:1. The distribution of these tokens is TBA, and the snapshot timing is not yet confirmed.
Key Utilization and Roles of BPT:
Funding Mechanism:
Purpose: BPT serves as a primary funding mechanism for ecosystem development and project initiatives within the BARK Protocol.
Method: Through token sales, fundraising events, and community contributions, BPT provides the necessary financial resources to fuel innovation, research, and the implementation of new features and functionalities.
Governance and Decision-Making:
Governance Rights: BPT holders are granted governance rights within the BARK Protocol ecosystem.
Participation: This enables them to participate in key decision-making processes, from proposing protocol upgrades to voting on strategic initiatives, ensuring alignment with community interests and values.
Applications Factory Tokens: A new supply of 1 billion tokens is generated through the applications factory. Token holders have governance rights to vote on whether this token supply should match BARK tokens, be swapped for BARK tokens, or be burned.
Ecosystem Incentives:
Incentivization: BPT is used to incentivize active participation and contributions from ecosystem participants.
Rewards: Whether through staking, providing liquidity, or engaging in community activities, BPT rewards users for their involvement, fostering a vibrant and engaged community ecosystem.
Utility and Access:
Access: BPT grants users access to various services, features, and products offered within the BARK Protocol ecosystem.
Enhanced Experience: Holding BPT enhances the user experience by unlocking premium functionalities, participating in decentralized finance (DeFi) protocols, and gaining exclusive benefits.
Alignment with BARK Protocol Mission:
Mission Integration: BPT's utilization is inherently connected with the overarching mission of the BARK Protocol—to foster transparency, inclusivity, and social impact.
Contribution: By empowering stakeholders with governance rights, incentivizing active participation, and facilitating ecosystem growth, BPT contributes to the realization of the protocol's vision for a sustainable and equitable future.
BPT Token Details:
The utility of the BARK Protocol Token (BPT) is not yet finalized. These tokens airdropped and allocated 1:1 with the existing BARK and BARKER tokens when these token is public availlable and tradeable to community. Additionally, there is the BARKER token. The BARK Protocol token may implement a Solana validator in the future.
Token Name
BARK Protocol Token
Token Symbol
BPT
Decimals:
6
Token Type
SPL Token
Token Address
D4QNymXnPWaVL1S6yUF9Kha6XZnpp65LHTxVYSwXpump
Total Supply
1,000,000,000 BPT
Initial Circulating Supply
1,000,000,000 BPT
Initial Price
~0.000000028 USD
Market Cap
~4660 USD
Max Supply
1 billion BPT
Token Distribution (Not Confirmed)
- Team/Development: 15%
- Community/Airdrop: 50%
- Liquidity Pools: 15%
- Ecosystem Growth: 20%
Utility
- Ecosystem Development
- Rewards
- Ecosystem Participation
- Marketing
- Solana Validator Implementation
Blockchain
Solana
Smart Contract
SPL Token Program
Token CA:
In summary, the BARK Protocol Token (BPT) serves as more than just a digital asset within the ecosystem; it's a cornerstone for driving development, governance, and community engagement. Through its versatile utility and alignment with the mission of the BARK Protocol, BPT plays a crucial role in advancing the ecosystem's goals and aspirations.
Exchanges (DEX):
https://pump.fun/D4QNymXnPWaVL1S6yUF9Kha6XZnpp65LHTxVYSwXpump
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