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Kate Wong |
$BGB tokenomics (Allocation and Unlocking) requires updating to the information below:
Allocation:
54% Burnt
35% Circulating Supply
11% Morph Foundation (unlocking at a rate of 2% per month; of which 35% will be used for Payment Network, 30% for Ecosystem Development, 15% for Ecosystem Liquidity, 10% for Education and Community, 10% for Foundation Treasury)
Unlock Schedule:
Morph Foundation Allocation (220,000,000 BGB):
Starts vesting in October 2025, with 2% of this allocation (4,400,000 BGB) unlocked every month for 50 months, from 2025-10 to 2029-11, until fully vested.
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Justin C
Hi!
Thanks for bringing this to our attention. From what we've looked into so far, it seems that this is due to Bitget transferring all BGB tokens under it's control to the Morph Foundation. Is that correct?
If so, which of the current allocations were reallocated to the new Morph Foundation one?