Token Economics
Initial Distribution
Total supply (excl. inflation)
Circulating supply (total - vested - bonded)
Team Wallets
- 23.3M BCNA vested* until October 28th 2022. They were revested on November 9th 2022 until November 9th 2023. On 13-11-2023 a new revestment was made ending November 13th 2024.
- 1.5M BCNA was distributed to testnet participants as rewards
- 32.7M BCNA is currently delegated to professional validators & contributors
- 763,745.422 BCNA was sent to bootstrap liquidity pools
- 1000 BCNA was sent to support a BitCanna-branded Chihuahua101 NFT
- 1300$ in BCNA monthly community admin salaries
- 14000 BCNA sent and converted to STARS to distribute the Buddhead Airdrop. 11513 BCNA remained unused and was returned
- 10 BCNA was sent to fund Notional relayer
- 5000 BCNA was sent as a bug bounty
- 450 BCNA was sent for testing purposes of the payment plugin
- 50K & 50K BCNA was sent to fund proposal deposits and refunded
- 200 BCNA was sent for testing purposes of the payment plugin
- 7500 BCNA was sent to Osmosis and converted to USDC to pay as reward for a bug bounty
- 5000 BCNA was sent to Osmosis and converted to OSMO to fund the Osmosis <> BitCanna relayer
- 17.9M BCNA vested* until October 28th 2022. They were revested on November 9th 2022 until November 9th 2023. On 13-11-2023 a new revestment was made ending November 13th 2024.
- 6M BCNA was distributed for Osmosis pool incentives, of which 2M was returned on 13-06-2022
- 1260 BCNA was sent to the Osmosis marketing DAO address for meme contest
- 43150 BCNA was sent to Hanf Magazin for advertising
- 1400 BCNA was sent to fund and operate a BitCanna Osmosis Validator
- 500 BCNA was sent to sponsor a BitCanna x IBCfrens giveaway
- 520 BCNA was sent to refund giveaway winner of 2 (postponed) Spannabis tickets
- 6000 BCNA was sent to pay for marketing promotions for BitCanna Buddheads
- 10x 42.2 BCNA was sent to winners from the Artemis giveaway
- 420 BCNA was sent to the winner of the Artemis giveaway
- 420 BCNA was sent to the giveaway winner of April 22, 2022
- 4200 BCNA was sent to the giveaway winner of the BitCanna Mint Festival
- 2562 BCNA was sent for a sponsored Youtube video
- 100 BCNA was sent to use within the Youtube video
- 10 BCNA was sent for internal testing
- 6x 9000 BCNA was sent for winners of the giveaway of the AMA with CosmosClub
- 32.3M BCNA originally vested* until October 28th 2022 13:00 UTC. They were revested on November 9th 2022 until November 9th 2023. On 13-11-2023 a new revestment was made ending November 13th 2024.
- ~200 BCNA was distributed to fund relayers and new validators
244.757.980 coins (distributed throughout investors)
*To read more about the vesting of the team coins, read this blog post. Vested coins (73.5M from our 3 core wallets) are vested on 2 separate addresses. The coins were revested on November 9th 2022.
******This wallet contained 57.324.341 BCNA before, but the team decided to burn 25 million during the transition to Cosmos, announced in this blog post on Medium.
For details about inflation, please see Chain Parameters.
Delegations
BitCanna will delegate coins to validators that contribute significantly to the growth of the BitCanna network as described in our Validator Incentive Program.