Tokenomics
Understanding $APIARY
Pre-Bonds
55%*
$25k from ApDao, full Booga Bullas treasury, $4600 from BeraReserve treasury, remaining % sold to Booga Beras, Booga Bullas and Bullas pro-rata at 100k Market Cap with 5 day vesting
Team*
15%
Acquired at $100k Market Cap milestone-based unlocks*
Bullas & Booga Beras
15%
Staked and at least 50% of yield compounded frequently, up to 50% used to buy and burn Bullas and Booga Bullas
Liquidity
15%
Seeded by the Apiary Team, will get slowly replaced with locked and protocol-owned liquidity after APIARY/HONEY RV gets whitelisted
Notes:
*Team tokens are subject to more strict terms than public pre-bonders, instead of a time-based vesting, they are bound to a milestone-based vesting. There are 10 milestones:
Accumulate 1% of total BGT LST Market cap in circulation
Accumulate 2% of total BGT LST Market cap in circulation
Accumulate 3% of total BGT LST Market cap in circulation
Accumulate 4% of total BGT LST Market cap in circulation
Accumulate 5% of total BGT LST Market cap in circulation
Accumulate 6% of total BGT LST Market cap in circulation
Accumulate 7% of total BGT LST Market cap in circulation
Accumulate 8% of total BGT LST Market cap in circulation
Accumulate 9% of total BGT LST Market cap in circulation
Accumulate 10% of total BGT LST Market cap in circulation
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