$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 |
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