This standalone document extracts and focuses on the tokenomics
model from the Bitsafe (BSF) Technical Whitepaper v1.0. It outlines the supply
mechanics, allocation strategy, phased rollout, and governance mechanisms for
the BSF token, designed to foster long-term sustainability, fair distribution,
and alignment with real-world utility in a Solana-based payments ecosystem.
|
Parameter
|
Value
|
Notes
|
|
Total Supply
|
1,000,000,000 BSF
|
Fixed maximum cap
|
|
Decimals
|
9
|
SPL standard
|
|
Initial Mint
(Phase 1)
|
500,000,000 BSF
|
Pre-mined to
Treasury
|
|
Locked DAO Pool
(Phase 2)
|
500,000,000 BSF
|
Released over 5
years
|
|
Transaction Fee
|
1%
|
50% → Treasury, 50% →
Stakers
|
|
Blockchain
|
Solana
|
SPL Token
Standard
|
All minting and
burning operations are executed through PDAs (Program Derived Addresses) with
explicit caps defined in the on-chain State account.
No off-chain authority can exceed the policy cap.
Objectives
: - Establish staking pools,
exchanges, and core liquidity. - Maintain moderate free float for price
stability. - Incentivize ecosystem partners and developers.
|
Allocation
|
% of Total
|
Tokens (M)
|
Purpose
|
|
Foundation
& Treasury
|
20
%
|
200
|
Liquidity,
reserves, buybacks
|
|
Development
& Infrastructure
|
10
%
|
100
|
Platform,
wallets, APIs
|
|
Marketing
& Community
|
8
%
|
80
|
Listings,
outreach
|
|
Research
& Innovation
|
5
%
|
50
|
Cross-chain
R&D
|
|
Core
Team & Advisors
|
10
%
|
100
|
36-month
vesting
|
|
Liquidity
Provision
|
6
%
|
60
|
CEX/DEX
pools
|
|
Ecosystem
Grants
|
4
%
|
40
|
3rd-party
integrations
|
|
Philanthropy
& Impact
|
2
%
|
20
|
Education,
inclusion
|
|
Public
+ Private Sales
|
27
%
|
270
|
Launch
and liquidity support
|
|
Reserve
/ Harvest Pool
|
8
%
|
80
|
Staking
rewards
|
Expected circulating supply
: 150–250 M
BSF (15–25%).
Objectives
: - Expand circulation to
60–80% of total. - Use BSF for real merchant payments and cashback. -
Transition governance to DAO.
|
Allocation
|
% of Total
|
Tokens (M)
|
Purpose
|
|
Circulating Supply (Payments & Loyalty)
|
45%
|
450
|
Transaction flow & merchant incentives
|
|
Treasury & Stability Fund
|
20%
|
200
|
Market buffer, price stability
|
|
Merchant Rewards & Cashback Pool
|
10%
|
100
|
Loyalty and cashback programs
|
|
Ecosystem Development
|
10%
|
100
|
SDKs & compliance tools
|
|
Team & Advisors
|
10%
|
100
|
Vesting linked to adoption
|
|
Charity & Community Growth
|
5%
|
50
|
Financial education & inclusion
|
Target float
: 600–800 M BSF in
circulation by 2030.
The
remaining 500 M BSF are locked under DAO control. Each year, new tokens can be
unlocked only when specific ecosystem metrics are achieved.
|
Year
|
Max
Unlock
|
Trigger
Condition
|
Destination
|
|
2026
|
100
M
|
≥
€10 M monthly volume or 100 k users
|
Treasury
/ Liquidity Support
|
|
2027
|
100
M
|
≥
€25 M volume or 250 k users
|
Cashback
& Rewards Pools
|
|
2028
|
100
M
|
≥
€50 M volume or 500 k users
|
Merchant
Reserve Expansion
|
|
2029
|
100
M
|
≥
€75 M volume or 750 k users
|
DAO
Stability Fund
|
|
2030
|
100
M
|
≥
€100 M volume or 1 M users
|
Full
Float Release
|
Each
unlock must be approved through a DAO vote and verified by an independent
oracle reporting on-chain transaction metrics.
2026 ─┬─ 100 M → Treasury
Liquidity
2027 ─┬─ 100 M
→ Cashback & Rewards
2028 ─┬─ 100 M
→ Merchant Reserve
2029 ─┬─ 100 M
→ Stability Fund
2030 ─┬─ 100 M
→ Circulating Float
Total
DAO-locked supply released: 500 M BSF over five years.
The
Bitsafe (BSF) tokenomics model is a well-crafted framework that balances
immediate incentives with long-term sustainability, drawing from proven DeFi
and payment ecosystem designs (e.g., inspired by models like those in Chainlink
or Solana’s own token utilities). Below, I’ll break down why it’s a strong
approach, focusing on key principles: scarcity, alignment, decentralization,
and utility-driven growth. This isn’t just theoretical—it’s grounded in
real-world crypto economics where unchecked inflation erodes value, while rigid
models stifle adoption.
·
How it works
: A hard-capped total supply of 1B BSF avoids the “print-and-dilute”
pitfalls seen in inflationary tokens (e.g., some PoS networks emitting 5–10%
annually). The initial 500M mint funds Phase 1, while the other 500M is locked
and released only via DAO-voted milestones tied to verifiable metrics (e.g.,
transaction volume, user growth).
·
Why it’s good
: This creates predictable scarcity, which historically boosts token
value as demand grows (e.g., Bitcoin’s fixed 21M cap). Phased unlocks
(100M/year max) prevent a “cliff dump” at launch, reducing volatility. By 2030,
~80% circulation targets a mature float without flooding the market early.
·
How it makes sense
: In a merchant payments ecosystem, early over-circulation could
crash prices during low adoption, scaring off users. Tying releases to €10M+
monthly volume ensures unlocks reward actual utility, not speculation—aligning
supply with organic demand.
·
How it works
: The 1% transaction fee (split 50/50 to Treasury and stakers) funds
rewards without new mints. Stakers earn from real BSF payments (e.g., merchant
settlements), and allocations like the 8% Harvest Pool bootstrap early
liquidity.
·
Why it’s good
: Unlike emission-based yields (which devalue tokens over time),
this “circular economy” model scales rewards with network usage. If 50k
merchants process 10k BSF/day (as in the whitepaper example), fees could
generate millions annually—sustainable, non-inflationary yield.
·
How it makes sense
: BSF isn’t just a store-of-value; it’s a payments token. Fees from
high-velocity transactions (e.g., loyalty cashback) create a flywheel: more
merchants → more volume → higher yields → more staking → deeper liquidity. This
mirrors successful payment tokens like XRP, where utility drives value.
·
How it works
: Phase 1 allocates 28% to public/private sales (for broad
distribution) and 12% to team/advisors with 36-month vesting. Philanthropy (2%)
and grants (5%) promote inclusivity, while Phase 2 emphasizes merchant
incentives (45% for payments/loyalty).
·
Why it’s good
: Vesting cliffs (e.g., 36 months) and low team allocation (10–12%)
mitigate “rug pull” risks, common in 2021–2023 launches. Public sales ensure
community ownership, and charity pools signal long-term ethos.
·
How it makes sense
: Crypto projects often fail from uneven distribution (e.g., 50%+ to
insiders). BSF’s 15–25% initial float caps early selling pressure, while
adoption-linked Phase 2 shifts focus to real-world rebates—rewarding holders
who support ecosystem growth, not quick flips.
·
How it works
: Locked pool unlocks require DAO votes + oracle-verified metrics
(e.g., 100k users). This transitions control from founders to community by
2027–2030.
·
Why it’s good
: Oracles (e.g., Chainlink-style) ensure transparency, preventing
manipulation. Metrics like volume thresholds make governance data-driven, not
whimsical.
·
How it makes sense
: As BSF scales to merchant utility, rigid central control could
hinder pivots (e.g., fee adjustments). DAO oversight allows community input on
burns/buybacks (via Treasury’s 20%), fostering buy-in and reducing regulatory
risks in a compliance-focused design.
This
model makes holistic sense because it treats tokenomics as a growth engine,
not a fundraising gimmick. By linking supply to utility (fees, unlocks) and
governance (DAO), it avoids common failures: hyperinflation (e.g., Luna),
unequal distribution (e.g., many ICOs), or stagnant yields. Projected
outcomes—15–80% circulation over 5 years—support a stable path to 1M+ users,
with yields compounding via staking (sBSF). In a post-2024 crypto landscape
(where utility tokens like SOL thrive), this positions BSF as a
“payments-native” asset: low fees on Solana + real rebates = viral adoption.