BugsCoin Token Distribution
Last updated
Last updated
The BugsCoin project aims to achieve substantial rewards for platform users. BugsCoin's token distribution was designed to promote the project's continued growth and community revitalization, and it categorized various stakeholders to contribute and benefit from the ecosystem.
Project Name: BugsCoin
Ticker: BGSC
Blockchain Network: BSC
Total Supply: 100,000,000,000
Category | Quantity | Percentage |
---|---|---|
The seed rounds 1 and 2(angel capital) of BugsCoin will be distributed in two equal halves, with the initial distribution occurring before the listing and the subsequent distribution taking place at least three months after the first CEX listing. The early distribution prior to the listing supports the rapid growth of the project, while the additional token distribution post-listing aims to foster long-term growth and mitigate excessive market volatility.
BugsCoin has allocated 5% of its total token supply of 100 billion, equivalent to 5 billion tokens, for team incentives and operational expenses, ensuring sustainable growth and commitment from the team. These tokens will be vested monthly over a 6-year period, starting from January 2025, three months after the projectโs launch.
To maintain initial market stability and support the long-term operation of the project, the following distribution plan has been designed:
Year 1-2: 2.2% per month
Year 3-4: 1.4% per month
Year 5-6: 0.57% per month
By distributing tokens regularly over six years, the project aims to reward the team's dedication and performance while utilizing the funds for operational expenses to ensure the smooth progress of the project.
To ensure transparent and secure token management, BugsCoin has adopted the Safe Wallet, which utilizes Multi-Signature (Multi-sig) technology. Safe Wallet is a widely used multi-sig wallet that securely manages cryptocurrencies and digital assets across various blockchains, including the Ethereum network. It is especially valuable in environments requiring high security, such as institutions, DAOs, and teams, ensuring that the foundation's tokens are managed more transparently and securely. The wallet addresses are publicly available, and anyone can verify the information on Safe Wallet's Watch list (https://app.safe.global/welcome).
Seed Round 1: 0x94746890C5F0574ce69576E18bCEb8d6DB7033A5
Seed Round 2: 0x2814450683cfD7Ed255D80f0BEc98C53bD7ac782
Community Rewards: 0x7ABfd9De010f7b8C677Ef56736E0F745Ab703C03
Reserve: 0x457A66d157993AD5178E9b0c1d85E13aB919aBB3
Marketing: 0x9c5C54d257085fFF03fcD15397e097dFc0F6FBc6
Team and Operational Costs: 0x86F341FA260838170ad07F15e62cB975D12ECB9B
The project team protects the foundation's token allocations and ownership through multi-signature settings with Safe Wallet. Additionally, the foundation's token allocations are managed with vesting schedules to ensure a transparent and secure process. Participants in the BugsCoin ecosystem can easily monitor the foundation's token operations via the BugsCoin On-Chain Monitoring System (https://status.bugscoin.com), and can witness the growth of BugsCoin in a secure environment.
Seed Round 1
5 billion
5%
Seed Round 2
5 billion
5%
Community Rewards
56 billion
56%
Reserve
20 billion
20%
Marketing and Partnerships
9 billion
9%
Team and Operational Costs
5 billion
5%
Total
100 billion
100%