Tokenomics
$BRX
BRX is a cryptocurrency token to secure the Bitrexe blockchain system.
Total Supply:
105 million BRX tokens,
with 20% (21 million) allocated as the initial supply.
Initial Supply Allocation:
21 million tokens are allocated as the initial supply, known as the "head mining" allocation. These tokens will be locked for 1 year.
BRX staking
POS Mining:
The remaining 84 million tokens will be generated through Proof-of-Stake (POS) mining. Timeline:
In the first quarter (Q1):
The team and early miners will pre-mine approximately 20%-25% of the total supply as the head mining allocation. These tokens will be generated in the genesis block. The information does not mention the specific allocation mechanism for the 20% head mining tokens. Please note that this information is based on the details provided. It is important to refer to official sources or project documentation for the most accurate and up-to-date information regarding BRX tokenomics.
Distribution
Team
20%
Value of 1000BTC
Lock for 1 year. Vesting linearly in 4 years
Early Miners
10%
Value of 1000BTC
Lock for 1 year. Vesting linearly in 4 years
Public Sale(peg-in)
50%
/
No limit after the peg-out launch
Ecosystem Fund
20%
/
No limit after the peg-out launch
Last updated
