The Build begins…
Our initial week-long liquidity mining program during we’ve distributed 100% of all BUILD tokens have concluded. Now it’s time to start building.
👨👩👧 100% Community Owned Venture Builder
We introduced the concept of BUILD Finance in our last post, describing the framework for building a decentralized community-owned venture builder. Our goal is to systematically keep building new DeFi products, developed and supported by members of the BUILD community.
BUILD is NOT a venture fund, an incubator, YC or accelerator. It’s a community governed platform designed to develop and fully own DeFi products.
BUILD aims to have multiple teams, composed of community members, working on multiple products. Anyone can join the community. There is no benevolent dictator, with token-based governance already in place.
Venture builders are organizations dedicated to systematically producing new companies, which they help grow and succeed. There are five core activities in which venture builders engage: identifying business ideas, building teams, finding capital, helping govern or manage the ventures.
🏦 Revenue & governance
As a reminder, BUILD will function as the only governance token for all projects built. Revenue from these products will flow back into the governance controlled treasury, ready to be deployed for future projects.
💰Funding of other products
As the revenue flow is yet to be established, as an interim funding mechanism for developing more projects, we’ll be using a token called bCRED.
Read more about it here: What is bCRED?
📈 Progress
One week ago we released an article with a farming program that has kick-started a special project. We had no community, no products, and no marketing.
Today, we have over 500 community members in our Discord with a passionate daily discussion across a variety of different topics. Anyone can join, contribute their ideas, and shape the direction of BUILD Finance.
Join the conversation on our Discord.
Development incentives coming soon
Soon, we’ll be releasing a list of bounties which anyone can start working on to earn bCRED.
bCRED will be awarded to those who help with various tasks to grow BUILD Finance ecosystem. For example, you may earn it by helping to design a UI for a product, code up a website, write an article, etc.
🍩 Token Supply
Our fair launch is now completed, with 100k BUILD tokens distributed to the community. The following total supply and additional mint have been agreed by community voting:
- 100,000 BUILD: Initial liquidity program distribution
- 15,000 BUILD (48 hr timelock): Dev fund
- 15,000 BUILD (1yr vesting): Community-approved founder allocation
It’s worth noting that although the total number of tokens is capped at 130k, this could be increased through a governance vote. However, it is unlikely that holders will vote against their own interests, meaning the likelihood is that the token supply will remain constant.
✊ Become A Builder
Visit us on the web: https://letsbuild.finance
Chat with us on Discord: https://discord.gg/juM2Cb6
Check out our Medium: https://medium.com/@BUILD_Finance
Keep up to date with Twitter: https://twitter.com/finance_build
