$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)

CategoryIn PercentagequantityDistribution 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

Last updated