Bubblemaps: Determines how to evenly distribute the total supply of BMT tokens between Solana and BNB Chain

PANews reported on March 14 that Bubblemaps published a post on the X platform stating that because the BNB chain has become the main chain for BMT in terms of trading volume, liquidity, and coin holders, it was decided to evenly distribute the total supply between Solana and BNB Chain to promote stronger development of the communities on both chains.

Previously, BMT's deployment address held 757 million BMT on Solana (75.7% of the total supply), of which: 348.8 million have been deposited with the lock contract operator on Solana to ensure future distribution according to the lock schedule; the remaining number (408.1 million) has been bridged to BNB Chain using LayerZero OFT (cross-chain communication protocol) and has been locked. The lock contract has successfully processed thousands of withdrawals under high pressure. With the release going smoothly, the remaining supply of the deployer has been transferred to the lock contract to ensure that the tokens are distributed as planned. The supply on BNB Chain has been allocated according to the token economics and fully locked on Unicrypt, including 60 million for protocol development/R&D, 90 million for the team, 206.7 million for the ecosystem, and 51.45 million for liquidity.

The current aggregated token economics of the two chains are as follows: 1. Solana Chain: The deployment address transfers all tokens to the vesting contract, which currently holds 384 million BMT. 2. BNB Chain: The allocations for the team, protocol, and ecosystem have been locked through Unicrypt, and the remaining supply is composed of the holders and the unlocked portion of the ecosystem and community supply.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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