Big Data Protocol’s Liquidity Mining Program and Token Metrics
Distribution of BDP and Data Tokens
100% of Initial Circulating Supply Distributed to the Community
BDP: 100% initial circulating supply distributed through seed pools in 6 days. After 6 days, there are no further emissions of BDP for at least 2 months. There have been NO token sales of any kind.
bALPHA: 100% of the total supply of the first data token will be distributed via liquidity mining over three months.
Long term liquidity mining
The Big Data Protocol is designed to incentivize liquidity mining over the long run. Users provide liquidity to earn bALPHA over the course of 3 months. Subsequent data tokens, named bBETA and bGAMMA, will launch after bALPHA, which will further incentivize liquidity.
Token burn
A portion of BDP and data tokens are burned as usage of the Protocol and marketplace grows over time. BDP is burned to access the Protocol as well as the data marketplace, and to pay for fees for dataset submissions by data providers, and provide curation services by curators. Data tokens are burned as they are redeemed for datasets.
How to earn BDP and bALPHA
Step 1: Earn BDP by staking in seed pools
1a) Choose one or more seed pools in the Data Vault
1b) Stake one or more assets
How to stake: connect to Metamask, approve the deposit in Metamask, then deposit the asset.
1c) Earn BDP
24 million BDP, representing 100% of the circulating supply for the first 2 months, will be distributed among 12 seed pools over the course of 6 days (2 million BDP distributed per seed pool).
Step 2: Earn bALPHA by providing liquidity to BDP or bALPHA
2a) Choose the BDP/ETH or bALPHA/ETH liquidity pool in the Data Vault
2b) Provide liquidity on Uniswap to BDP/ETH or bALPHA/ETH
How to provide liquidity on Uniswap:
Acquire ETH and BDP or bALPHA
Click on “Provide Liquidity” in the Data Vault which will take you to Uniswap
Add liquidity on Uniswap to BDP/ETH or bALPHA/ETH
You will receive BDP/ETH LP or bALPHA/ETH LP tokens
2c) Stake LP tokens in the Data Vault
How to stake: connect to Metamask, approve the BDP/ETH LP or bALPHA/ETH LP token in Metamask, then deposit the LP tokens.
2d) Earn bALPHA
Stake BDP/ETH UNI-LP V2 = earn 12000 bALPHA (2/3 of total supply)
Stake bALPHA/ETH UNI-LP V2 = earn 6000 bALPHA (1/3 of total supply)
18000 bALPHA, representing 100% of the total supply, will be distributed among the two liquidity pools. Emissions end after 3 months, in accordance with the chart below.
Token metrics
BDP
Total supply: 80 mil
Initial circulating supply in first two months: 24 mil
Staking/liquidity mining rewards — 52 mil (65% of total supply)
— Initial circulating supply (distributed via seed pools): 24 mil (30% of total supply)
— Reserved for future staking/LP rewards: 28 mil (35% of total supply) — locked for at least 2 months, long term vesting
Ecosystem reserve, strategic partnerships, operations, development, and strategic sales — 20 mil (25% of total supply)
— Ecosystem reserve tokens vest over 9 months (starting after 1 week, enforced by smart contract)
— Up to 8 mil (10% of total supply) of the BDP allocated to the ecosystem reserve may be used for future strategic sales, which would be subject to long term vesting. There have been NO token sales as of the date of this article.
Team and advisors — 8 mil (10% of total supply)
— Vesting over 9 months (starting after 1 week, enforced by smart contract)
bALPHA
Total supply: 18000
Liquidity mining rewards: 18000 (100% of total supply)
Liquidity Pools
— Stake BDP/ETH LP = earn 12000 bALPHA (2/3 of supply)
— Stake bALPHA/ETH LP = earn 6000 bALPHA (1/3 of supply)
bBETA and bGAMMA
To be announced.
