TOKENOMICS
Token Specifications
- Token: BRBC
- Token Description Name: BRB Cash
- Blockchain: Ethereum
- Technical Standard: ERC-20
- Total Supply: 1 Billion Utility Tokens
- Solidity Version: 0.8.17
- Library: OpenZeppelin
Distribution Breakdown
Community Distribution – 67.7%
- A total amount of 67.7 million of the supply will be used for community distribution which includes private placement and rewards
Team Distribution – 32.3%
- 323 Million of the total supply of BRBC is allocated as payment to BRB project team members
- 19.6% of the team distribution funds will be disbursed to team members on Day 1 of the project exchange listing. THIS WILL BE LOCKED FOR 6 MONTHS.
- 6.4% of the team distribution funds are allocated as monthly payments to team members, for their contributions to the BRB project.
- A final 6.0% of the team distribution funds are reserved as “bonus” for core team members at specific milestones (6th, 12th, 18th and 24th month marks)
Taxes
A VERY LOW 3.5% OVERALL TAX
These taxes will occur with any purchase, transfer, or sale of BRBC token.
- Taxes will only decrease and never increase above 3.5%
- Taxes may be dropped down to 0% upon a successful Marketplace launch
- All tax changes will be voted on by the community holders
- Taxes will be converted to $USDC and distributed depending on distribution breakdown.
1.0% Liquidity Pool
- 1.0% to the Liquidity Pool will ensure a solid base for next steps
- Liquidity will continue to build in the Liquidity pool which would unlock after six months
- After the six-month liquidity becoming unlocked, a community vote for all validated holders will be held to lock 65%, 70% or 75% of liquidity to be locked again for another 6 months
- The remaining unlocked liquidity will be used to advance the project to ensure the business model is healthy and on target to meet all expected deadlines in the roadmap
- The L.P. will be a Gnosis multi-signature wallet
- No one core member will be able to make changes to the liquidity pool.
- It will require majority of core members to agree to make the change to the liquidity pool
1.0% Rewards
1.0% will go to a rewards wallet which will be distributed quarterly to holders. A snapshot will be taken 45 days prior to the end of the first full quarter after launch. The end of the first full quarter will be the end of Q1 2023.
The amount of token in the rewards wallet accrued during that quarter will be distributed into a certain number of equal parts that is divided among the holders.
Example:
20 tokens are accrued and there are 5 people that held over the last 45 days; the reward has the value of 20 and 5 is the divisor; therefore 20 / 5 = 4
1.5% Marketing & Development
There are several reasons why this wallet is slightly
higher than the others. It is meant to support the overall
growth of the project
Project Development would include but not be inclusive of all aspects of marketing, software development, infrastructure, accounting, legal and any additional support needs
Social Media
