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  1. Utility Token - $BERRY

Tokenomics

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Last updated 1 year ago

$BERRY is Solana Bear Gang's native utility token on Solana blockchain.

Token address

The token supply is 200M $BERRY , with the following distribution:

  • Promo / Events - All project giveaways, promotions, freebies, handouts, events will be sponsored by this pool to enable the main mission pool to function as intended, despite having more or less events / giveaways / etc happening at any given time.

  • Team - These tokens are set in a reserve pool to compensate people working with the team, may it be a one time deal or on a regular basis. Team $BERRY are locked by the founders and are tightly controlled to avoid diluting value.

Deflationary Mechanism

- The majority of the tokens (60%, 120M) are allocated to staking/missions as this is the primary source for users to earn $BERRY. The distribution done via this channel is subject to a explained below.

Liquidity - In every where $BERRY is present, these are used to provide initial liquidity of the token. If the team decides to launch a Liquidity Pool (LP) these tokens will be used.

For every 30M $BERRY earned by users on this mechanism is triggered and ALL mission rewards, including rewards, are cut by 25% (to a rounded approximated value). This event is planned to trigger at 30M, 60M and 90M $BERRY distributed, putting some pressure on supply and increasing $BERRY's value over time.

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market
missions
Special Missions
Staking / Missions
deflationary mechanism
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Chart - $BERRY Tokenomics
$BERRY Tokenomics Chart
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