Bolide Token Explained

Published on: 06.03.2022

BLID token is Bolide’s native utility token, and plays a pivotal role in the dynamics of the Bolide ecosystem. Currently, it serves as the system through which yield is distributed to customers – all yield generated by “Bolide Strategies’’ is paid out in BLID tokens.

Beyond its yield utility, BLID token holders will be able to actively participate and vote in governance DAO matters that directly affect the functioning of the Bolide ecosystem, as well as earn extra rewards for staking their tokens. Bolide is currently working on the mechanics of the DAO and will be announcing its launch in due course.

At the moment the Circulation Supply is 500,000,000 BLID. BLID token has 10 billion cap, all tokens are minted at the deployment process.

Tokens are distributed in the following way:

  • 15% for Team
  • 40% for Investors
  • 7,5% for Company
  • 7,5% for Incentives
  • 10% for Marketing
  • 20% Treasury

All tokens will be vested and will be unlocked over time from 2 to 4 years depending on the way of earning it. Eighty percent (80%) of profit will be used for buying back and burning these newly acquired tokens, in order to boost the market price.

$BLID Earnings and Burnings

BLID is a non-inflation token which means that the token model not only does not provide for an additional issue of an asset, but also for the withdrawal of part of the coins from circulation by using the following mechanics:

  1. Profit wallet
    The profit arrives in the wallet from several sources:
    • Income from Strategies using investors’ liquidity
    • Three percent (3%) of the income generated for clients by Strategies will be paid to Bolide as a performance fee.
  2. Twenty percent (20%) of profit is transferred to the Bolide project team’s expenses wallet.
  3. Eighty percent (80%) of profit will be used for buying back and burning these newly acquired tokens, in order to boost the market price.

$BLID token is now available in Pancakeswap

ABOUT Bolide
Bolide is DeFi platform. It allows users to invest cryptocurrency assets in a set of algorithm-based investment strategies to have income in a safe manner.

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RESOURCES
Medium

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