$BAY (Governance Token)

BAY Token: Governance

BAY Token is Marina Protocol's governance token. BAY Token's total issue is 1 billion. Users get BAY Point through Staking of SurfBoard. Production of BAY Point efficiency depends on the grade of the SurfBoard. Users can convert from BAY Point to BAY Token during tokenization via their ratio.

BAY Token is the primary asset. Marina Protocol will focus on for value enhancement. BAY Token holder can participate in decision-making for the direction of the Marina Protocol and the health of the ecosystem. Governance features will be announced at a later date.

Ticker

• BAY

Contract Address

• TBA

Total Issue

• 1 billion (1,000,000,000)

Chain

• XRP Ledger

Distribution and Allocation (This may be edited before the TGE)

Category	In Percentage	quantity	Distribution Schedule
Partners	5.80%	58,000,000	12 months lock up, 24 months vesting
IDO	0.50%	5,000,000	Unlocked
Ecosystem	8.50%	85,000,000	60 months vesting
Liquidity	1.20%	12,000,000	80% at TGE, 3 months vesting
Operation & Advisor	5.00%	50,000,000	12 months lock up, 24 months vesting
Private Sale	10.00%	100,000,000	10% at TGE, 6 months lock up, 12 months vesting
Staking Rewards	46.00%	460,000,000	5 months lock up, 60 months vesting
Marketing	8.00%	80,000,000	7% at TGE, 35 months vesting
Team	15.00%	150,000,000	12 months lock up, 24 months vesting
Total	100.00%	1,000,000,000