BSHOP tokenomics

utility and distribution

Here we aim to explain the tokenomics of the BSHOP token, breaking down the total maximum supply and the role to be played by BSHOP holders.

BSHOP token utility

BSHOP is the native utility token of Bitshopee and has the following use cases:

Trading

Bitshopee shoppers can directly use BSHOP to shop to enjoy exclusive perks, including discount, cashback, free shipping, etc. And they are able to use BSHOP to buy NFTs listed on our platform in the future.

Bitshopee payers holding BSHOP will be able to enjoy lesser trading fee, more traffic support and other benefits.

Governance

Bitshopee team will continuously listen to the community and collect proposals through social media and other platforms. Everyone is welcome to post proposals regardless of being community members or token holders. The suggestions will be screened, selected, and passed on for voting if successful.

BSHOP token holders will be able to participate in the Bitshopee DAO and vote on protocol topics such as fee revenue splits, e-commerce sites to be supported, and other Bitshopee improvement proposals. At a later stage, the Bitshopee DAO will also vote on the distribution of staking and rewards and DAO reserve tokens.

Staking

Staking reward programs are distributed to BSHOP pools to encourage liquidity providers and secure deeper liquidity. These liquidity pools are intended for bootstrapping Bitshopee liquidity by using the BSHOP token as a utility token, not for speculative purposes.

BSHOP holders are able to stake and collateralize their BSHOP tokens on the protocol to generate stalecoins like USDT and BUSD.

BSHOP token distribution

The total supply of BSHOP token is 100,000,000‌ (100 million), which is finite and cannot be increased. Meanwhile, most of BSHOP token will be distributed to our early users, contributors and liquidity providers to ensure a more fairly token distribution.

8% is distributed to our IDO participaters, which will be released upon token issuance.

5% for private sale which will be distributed to our investers who funded us and early contributors who support us from the very early stage, linearly released over 12 months.

35% over 2 years for Bitshopee DAO to support active contributers, community amabassdors, bounty programs,etc.

30% for yield farming to encourage future liquidity providers and incentivize holders.

8% to core members and future staffs that manages Bitshopee global ecosystem building, marketing, etc, linearly released over 24 months.

6% for product development and maintenance, linearly released over 24 months.

5% airdropped to our early users, which will be released upon token issuance.

3% over 2 years for project partners that are partnering with us to create a sustainable and scalable cryptopayment ecosystem.