BitSong
  • Introduction
  • Delegators
    • Delegator FAQ
    • Delegator Security
  • Validators
    • Validator Overview
    • Validator FAQ
    • Validator Security
  • Relayer
  • FAQ
  • Glossary
  • Roadmap
  • Media Kit
  • Links
  • Blockchain
    • Install go-bitsong
    • Join the Mainnet
    • Create Validator
    • CLI Guide
    • Gas and Fees
    • Pruning of State
    • Export the state
    • Verify Mainnet
    • Upgrades
      • From v0.8.0 to v0.10.0
      • From v0.10.0 to v0.11.0
      • From v0.12.x to v0.13.0
      • From v0.13.x to v0.14.0
      • From v0.14.x to v0.15.0
      • From v0.17.0 to v0.18.0
  • Features and Modules
    • Fan Tokens
    • Merkledrop
    • NFTs
    • Marketplace
    • CosmWasm
      • Install rust
      • Deploy a Smart Contract
    • IBC
    • Auth
    • Bank
    • Crisis
    • Capability
    • Community Pool
    • Distribution
    • Evidence
    • Governance
    • Mint
    • Staking
    • Slashing
    • Upgrade
  • BTSG
    • What is BTSG ?
    • Distribution and Tokenomics
    • Wallets
    • Buy and Sell
    • Liquidity Provider
  • Developers
    • bitsongJS
  • PRODUCTS
    • Sinfonia
    • BitSong Studio
  • USEFUL GUIDES
    • How to Create a BitSong wallet
    • How to Import Your BitSong Wallet
    • How to Stake $BTSG
    • How to Add $BTSG Liquidity to Osmosis Pools
    • Sinfonia User's Guide
    • How to Report a Bug on Sinfonia
  • Global Ambassador Program
    • Who is an ambassador?
    • Program Rules
Powered by GitBook
On this page
  • Distribution
  • Inflation and Rewards
  1. BTSG

Distribution and Tokenomics

BTSG is the native token of the BitSong network. It is used by the BitSong governance system to vote on blocks and improvement proposals. The amount of BTSGs staked, as well as the duration of the validator’s staking term, determines their voting power on improvement proposals.

BTSG bitsong-mainnet is a Cosmos standard token and is used not only for staking, but also for paying fees and for exchanges between artists and their fans, music providers and investors.

BTSG is the fuel for running BitSong’s entire ecosystem.

Since BitSong was initially created on Ethereum and subsequently migrated to Cosmos, BTSG is a cross-chain token. Indeed, an ERC-20 version of BTSG can be found on Ethereum.

More than 90% (104,973,699 BTSG) of the total initial supply of BTSG (116,420,850) was migrated to the bitsong-mainnet in March 2021, when bitsong-1 was launched. Almost 11.5M BTSG remained in circulation in the Ethereum ecosystem.

Distribution

Total Initial Supply - 116,420,850 BTSG

  • Crowdfunding (50%) - 58,210,425

  • Team (20%) - 23,284,170

  • Reserve Fund (15%) - 17,463,128

  • Marketing & Partnerships (7%) - 8,149,460

  • Advisors (5%) - 5,821,043

  • Bounty Contest (2%) - 2,328,417 (held in 2018 - the tokens were sent to the participants in erc-20 version)

  • Airdrop Contest (1%) - 1,164,209 (held in 2018 - the tokens were sent to the participants in erc-20 version)

Inflation and Rewards

BTSG inflation is determined by the amount of bonded BTSG, expressed as a percentage. If the percentage of the total BTSG supply that is bonded goes up, then the inflation rate will decrease accordingly.

Similarly, the reward percentage fluctuates as a function of the inflation rate and the percentage of bonded BTSG.

Put simply, the formula is designed such that, in case the amount of bonded BTSG decreases, participants can earn higher rewards because the inflation parameter increases the amount of newly minted BTSG. The increased rewards will attract more bonded BTSG and in turn, increase network security.

PreviousWhat is BTSG ?NextWallets

Last updated 1 year ago

You can view the inflation rate and percentage of bonded BTSG in real time using the .

BitSong Explorer