Tokenomics
General Info
BKAI token address: 0x949185D3BE66775Ea648F4a306740EA9eFF9C567
Total Circulating Supply: 280,739,085 BKAI
Available Chains (9): Ethereum, BSC, Base, Blast, Polygon, Optimism, Avalanche, Arbitrum and Fantom
Utility, Deflationary & Governance Token
Utility
The token serves several functions:
Utilization of BKAI Token. Wrap BKAI in BKAI Potions to earn Holder's APR;
Exclusive Access. Certain features, like upcoming arbitrage opportunities, are available only to BKAI Holders;
Future Utilities. Additional features, such as lBKAI Bridge staking and Arbitrage Bot Staking, are coming soon.
Deflationary
Outside of market conditions, a few key factors will influence the BKAI token price. Constant buy pressure and burning mechanisms embedded in our fees create continuous demand for the BKAI token and implement a deflationary nature into our tokenomics.
The following instruments support our tokenomics:
Buy Back Mechanism in Potions. With each wrap and unwrap fee collected from potion usage, a significant portion of these fees is used to buy back BKAI from the market and distribute it to LP stakers.
Burn Mechanism in Potions. Some potion fees are burned permanently, making BKAI deflationary.
No Emissions Planned. No new tokens will be emitted.
Governance
BKAI is a Decentralized Autonomous Organization (DAO) and the BKAI token is its governance token, therefore, all decisions and proposals will be agreed by the majority of holders. Buying and holding YEL grants users voting power. The more YEL held, the more voting power users have on proposals.
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