Balancer, a decentralised trading platform, has handed out more than 400,000 governance tokens to liquidity providers

On June 23, Balancer, a decentralized trading platform, officially announced that its BAL token has been officially activated. According to the announcement, BAL liquidity mining began three weeks ago on June 1. So far, the Balancer Labs team has issued 435,000 BAL scrip (145,000 per week) for Balancer pool liquidity providers, with 1,845 Ethereum addresses receiving BAL scrip.

In addition, BAL's scrip allocation scheme is as follows: The total supply is 35,435,000 currently; Among them, 25 million BAL belongs to the founding team, stock options, advisers and investors, among which 5 million BAL will be reserved for new core employees. Another 5 million BAL will be used for ecological construction to attract and motivate strategic partners to help balance ecosystem growth and prosperity. ; Another 5 million BAL will be allocated to the fundraising fund for future fundraising activities. Finally, 435,000 BAL has been allocated to liquidity providers in the past three weeks.

In addition, 145,000 BAL will continue to be distributed every week after that. BAL's supply is capped at 100 million tokens. On the whole, how much is allocated to the BAL - in what time frame and under what rules - is ultimately decided by the BAL holder.

It is worth noting that of the 22.5m tokens allocated to the founding team, advisers and investors, 25 per cent are unlocked and 75 per cent will continue to be released over the next three years.

Further reading:Balancer: Universal Uniswap

The original link: https://medium.com/balancer-protocol/bal-is-live-104ba56e1945

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