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DeFi Loan Agreement bZx Governance token BZRX will be released starting on July 13, crowdfunding token lockup period for 4 years

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In an unusual move, the bZx team launched a public offering token lock scheme

BlockBeats - DeFi Loan Agreement bZx announced on Sunday that its scrip, BRZX, will begin issuing on July 13. The team decided to place the tokens allocated for crowdsale into a four-year lockdown contract with a minimum effective period (cliff) of six months, starting with the time of the token's release (July 13). The team did not release further information, including the trading platform where the token could be purchased and the price of the token.

It is known that there are three kinds of iToken, pToken and Governance Token (BZRX) in the general economic ecology of bZx protocol. IToken is a pass-through for interest accumulation, representing the portion of the lending pool that increases as the borrower pays interest to it. IToken can be traded, used as collateral, or combined by developers into structured products. PToken is a leveraged pass that represents a long or short position on a specific multiple of an underlying asset.

BZRX is a governance card that collects transaction fees for the relay nodes, somewhat like the Taiwan dollar with an "equity" attribute in a centralized trading platform. On June 29, bZx released its latest proposed changes to BZRX: a cost-sharing mechanism and a token reward distribution scheme. Fees collected by agreement (issue fee 0.09%, transaction fee 0.15% and interest fee 10%) are then allocated to the Balancer pool to create additional incentives for users to pledge BZRX tokens. In the allocation scheme of token reward, 20% of the total supply of token will be allocated to the user of the agreement. 17% of this amount will be allocated to the user who pays the agreement fee, and 50% of the expenses will be reimbursed through BZRX tokens; The remaining 3% of the token will be paid to the user on a weekly basis based on the fees incurred during the week.

BZRX token information

Ceiling (public + private) : 36,500 ETH

BZRX 代币总数:10.3亿枚（1,030,000,000）

Distribution: 530 million tokens & NBSP; & have spent

团队称，因为众筹需要大量的协调，大量的售后维护，以确保二级市场的流动性，以及一系列潜在的法律/证券问题。因此bZx团队决定在代币推出之后做出一个与众不同的策略：将分配给众售的代币将被置于一个为期 4 年，有 6 个月最短生效期（ cliff ）的合同中，这个合同的生效时间从从代币被发放时间开始计算。

According to the release schedule of BZRX's scrip, it can be seen that scrip will be released gradually within 4 years and 1.03 billion scrip will be released in January 2025.