The BAMI Token (BAMI) is Bami Protocol's utility token.
BAMI tokens are also used incentivize liquidity providers and bootstrap the platform.
There will be a fixed total of 1 billion BAMI Tokens.
Bami is owned by the community. Therefore, we believe the majority of the token should be owned by the community over time. 48% of tokens will be distributed and controlled by the community. 7% of Bami is allocated to the first 4 weeks of boosted rewards for liquidity providers.
15% is reserved for future strategic expenses. These include listing fees, audits, third-party services, liquidity for partnerships, etc.
5% of distributed tokens will go to early stage strategic investors. 4% is reserved for future strategic investors. 1% is allocated to public sale.
20% of the distributed tokens will go to funding development and expanding the team. A small amount will be available upon protocol launch. The remaining will be subject vesting schedule discussed in Token Distribution section.
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Reducing transaction fees: BAMI locked in Vault helps users to reduce transaction fees.
Engaging users: In the future, Bami will add incentives to encourage users to use the platform, and based on users' activeness, they will receive a certain amount of BAMI in return.
Providing liquidity: Users can use BAMI to provide liquidity.
NFT transactions: BAMI can be used for payment and NFT transactions on Bami NFT Marketplace