🔹Tokens

Definitions & Concepts

$BW — BEP-20 utility token of the protocol

$BWemissions currently have two key objectives:

• Reach and maintain adequate liquidity to facilitate optimal trading conditions — $BW are emitted as farming rewards to incentivize deep liquidity

• Encourage decentralized governance — $BW can be used to take part in the governance for continuous development of the platform. The long term goal is to achieve true decentralization.

veBW — ERC-721 governance token in the form of an NFT (non-fungible token)

veBW is the vote-escrowed version of $BW. Users can lock their $BW tokens for up to 2 years to get veBW. The longer the lock, the higher the amount of veBW voting power received.

To encourage continuous locking and sustained participation from stakeholders, the veBW balance of users declines over time until it reaches zero at the conclusion of the initial locking period. veBW positions can be increased, split up and resold on a secondary market.

bwNFT — ERC-721 founders' token in the form of an NFT (non-fungible token)

bwNFT can be staked for revenue sharing. The staking pool receives a share of trading fees from Blockwise, as well as royalties from secondary sales ofbwNFT.

Token Addresses

$BW