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DeFi protocol B.Protocol plans to launch the governance token BPRO, and has opened tokenized governance voting

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Among them, 500,000 BPRO will be allocated to current MakerDAO integration users.

Rhythm BlockBeats news, on April 27, the DeFi protocol B.Protocol community announced that it will release the governance token BPRO, has completed the forum discussion and conducted a consensus off-chain voting for the preferred model. Currently, voting is open for users to decide whether to tokenize the control rights of the protocol.

The preferred model for governance token BPRO is as follows:

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Initial Allocation

· 500,000 BPRO to current MakerDAO integration users, proportional to their mScore.

For example, a user with 0.1% of total mScore will get 500 tokens. The snapshot time is April 24th.

Subsequent assignment

· New BPRO tokens will be gradually minted over the next four years. BPRO tokens will be minted every block, and for simplicity we will discuss the expected minting in terms of time periods.

Eternal casting

· 1.325 million BPRO per year will be included in a Reservoir contract, which is controlled by the DAO and will be used for new governance participants in any way the DAO sees fit.

· 825,000 BPRO will be issued to developers each year. In the first year, will be sent to an address controlled by the founding team, but the founding team will not participate in voting.

One time casting

· 250,000 BPRO for new (existing) users for 3 months. Afterwards, the DAO can decide whether to use a portion of the Reservoir to allocate governance tokens to new users.

· Initial liquidity is provided by the three major LP providers Kyber Reserve, OneBit and Reserve in the first year, totaling 150,000 BPRO.

About B.Protocol

B .Protocol makes lending platforms safer by encouraging liquidity providers (owners) to commit to liquidating mortgages and transferring the profits earned by miners back to platform users.