Token Economics

Initial Distribution 
​Total supply (excl. inflation)
​Circulating supply (total - vested - bonded) 
​
UPDATED 17-11-2022
​Business Development: 57.324.341 coins, actual balance 33,544,907
​23.3M BCNA vested* until October 28th 2022. They were revested on November 9th 2022 until November 9th 2023. 
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 
​Marketing: 38.216.228 coins, actual balance 14,866,953
​17.9M BCNA vested* until October 28th 2022. They were revested on November 9th 2022 until November 9th 2023. 
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​
​Team: 32.324.341 coins**, actual balance 0
​32.3M BCNA originally vested* until October 28th 2022 13:00 UTC. They were revested on November 9th 2022 until November 9th 2023. 
~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, as announced in this tweet.
**This wallet contained 57.324.341 BCNA before, but the team decided to burn 25 million during the transition to Cosmos, announced here.
For details about inflation, please see Chain Parameters.
Delegations
BitCanna will delegate coins to parties that contribute significantly to the growth of the BitCanna network as described in our Validator Incentive Program.
Last modified 3mo ago