The Agoric ecosystem has two tokens: BLD and RUN. Only the BLD token is available for purchase in the CoinList token sale. The BLD staking token secures the network and is used for governance. The RUN token is a stable token used to execute chain services (e.g., gas), implement smart contracts on-chain, and support cross-chain activity. The tokens serve separate purposes in order to prioritize network security and scale the ecosystem.
BLD stakers perform a critical role in securing the chain and ecosystem. Rewards are designed to align BLD stakers and validators with the long-term growth of the Agoric chain. These include:
- Staking rewards: New issuance of BLD to reward validators and stakers for securing the network during the early growth phase of the ecosystem.
- RUN fee distributions: Generated from use of the user-controlled vaults and the native automated market maker (AMM)
- getRUN: BLD stakers can lock their staked BLD to receive RUN
- Asset: BLD tokens (Cosmos)
- Fixed Sale Price: $0.80 per token
- Sale Period: December 29, 2021 18:00 UTC – January 5, 2021 23:59 UTC
- Supply For Sale: 4.5% (45M tokens)
The BLD token secures and stabilizes the Agoric ecosystem by supporting staking, governance, and decentralization. The total supply of BLD tokens includes (i) an initial distribution of BLD, and (ii) expected BLD staking rewards.