Bitlayer announces BTR token economics, with 40% allocated for ecosystem incentives

ChainCatcher news, according to official Bitlayer information, the Token Generation Event (TGE) for the BTR token is about to launch.

BTR is the governance token of the Bitlayer ecosystem, with a fixed total supply of 1 billion tokens and an initial circulating supply of 261.6 million tokens, accounting for 26.16% of the total. The tokens will be minted on the Bitlayer network and distributed through the Ethereum mainnet and BNB Smart Chain to achieve cross-chain compatibility.

The uses of the BTR token include staking and node voting, on-chain governance, and fee distribution mechanisms. The token distribution plan is as follows: ecosystem incentives account for 40%, investors and advisors account for 20.25%, core team accounts for 12%, public distribution accounts for 11%, node incentives account for 7.75%, treasury accounts for 6%, and liquidity accounts for 3%.