Tokenomics
Brokkr has two native tokens that are being used by Brotocol itself to manage incentives for users in a way that they are long term focused. The main token for Brokkr is BRO token but it is also supported by a non-transferable token called bBRO.
The goal of $BRO is to be the easiest way have access to DeFi investment strategies by simply staking the token. Each BRO token is backed by a certain percentage of the POC part of the treasury.
As the Treasury is invested into different strategies the amount of assets backing each $BRO token should increase over time.
$BRO benefits from each interaction users have with the Brokkr protocol. It has multiple revenue streams that provide greater long-term stability and more support for the token. Source of Revenue for Brokkr:
- 1.Own Investments - Brokkr invests its own Owned Capital in Strategies to create an independent stream of revenue
- 2.Fees on Strategies - Each strategy will have a small fee
- 3.LP Fees - By having its own liquidity, Brokkr will gain some fees from each trade
All that value is captured and transferred to the $BRO token via Staking rewards and a continuously increasing $BRO Floor price.
1.000.000.000 $BRO tokens will be initially minted and distributed according to the Token Emission sheet below. No more tokens will be minted.
IDO got reduced from 10% to 5% due to market and world conditions in April 2022.
Receiver | Allocation | Unlock Schedule |
|---|---|---|
Rewards Pool | 40% | 5 Years linear vesting
Staking rewards & Bonding |
IDO | 10% | Unlocked at IDO |
Community Pool | 5% | On demand |
Operational Reserve | 10% | 1 year cliff
2 year linear vesting |
Team & Advisors | 15% | 1 year cliff
3 years linear vesting |
Seed Round | 12% | 6 months cliff
20 months linear vesting |
Private Round | 8% | 3 months cliff
20 months linear vesting |
$bBRO is a helper token which is non-transferable and can be acquired by staking $BRO.
Some functions of Brotocol can only be accessed through obtaining $bBRO, which incentivizes long term staking of the primary token $BRO. The amount of $bBRO a wallet holds determines how loyal a user was to Brotocol.
There is no max supply for $bBRO tokens.
The $bBRO token is used alongside $BRO to enable redeeming capital at a floor price. More use cases to be announced soon.
The Withdrawable Capital of the treasury is used to back the $BRO token and setting the floor price of the token. At any time holders of $BRO token can send their $BRO back to the rewards pool along with burning an equal amount of $bBRO to receive the Floor Price value from the Withdrawable Capital.
This feature won't be available in the Bootstrapping phase.
Last modified 5mo ago