Tokenomics

About $BGT?

$BGT, otherwise known as BGT, is the native governance token of our project. By staking it in a BGT vault, the BGT earnings pool or any BGT liquidity vault, or by simply holding this token in your wallet, users can take part in the DAO decision-making governance processes of BeDAO. It does not matter on which chain you hold or stake BGT, since the governance snapshot is multi-chain compatible. Governance proposals are submitted on https://vote.bedao.io and users are encouraged to vote. Users do not need to un-stake their tokens to participate in the voting process. This incentivizes much more voter participation as it means users don’t miss rewards.

For all the vaults deployed on every blockchain, BeDAO has its native governance token $BGT at its core. Platform revenue is generated from a small percentage of all the vault profits and distributed back to those who stake $BGT. The revenue sharing mechanics entail you can stake $BGT to either earn more $BGT in a BGT Vault, or earn blue chips like $ETH, $BNB, $FTM, $MATIC, $AVAX, and more in the BGT Earnings Pools.

$BGT staked in the BGT vault allows users to accumulate more $BGT. In order to distribute BGT to anyone who has staked in the BGT vault, $BGT buy-backs from the open market are performed as the token is non-inflationary and will not mint any more BGT tokens, ever.

To get your hands on BGT, head to one of the many liquidity pools or exchanges.

Token Burning:

Tokens that are burnt are permanently removed from circulation, reducing the circulating and total supply. 5% of profit donation from BeingFi will be used to buy back and burn BGT..

Charity

1% of quarterly profit margins from BeDAO platforms will be donated to charity.

Governance:

BGT token holders will be able to vote on BeDAO platform changes and improvements.

Ecosystem fund (Treasury)

Every month, 0.3% ofwill be unlocked. These BGT will be used to support building BeDAO's global ecosystem. Unspent BGT will be held in the BeDAO treasury.