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ByteNext Tokenomics: An overview of $BNU

With ByteNext’s IDO launch fast approaching, we thought it would be an appropriate time to explain in detail the tokenomics behind $BNU, the native token of ByteNext.

ByteNext has stemmed out to solve current problems and promote the development of Blockchain technology by creating highly applicable products that help deal with many issues in the current market.

$BNU is the fuel that powers the ByteNext economy

ByteNext aims to build up the AvatarArt platform to support art creators worldwide to make their paintings become NFT on Binance Smart Chain, conduct auctions and transactions globally. AvatarArt will be a pioneer in bringing real values in life to the NFT space.

Use-Cases of $BNU tokens

  • Payment: Token BNU is used as the main payment means and to pay for transaction fees in the AvatarArt platform.
  • Advertising: Artists can buy placements to put their works on in 3D virtual reality exhibitions.
  • Authorization: Token BNU is used to pay authors for their authorization rights whenever a transaction is done successfully.
  • Staking/Farming: Users can use LP tokens to do farming with NFT in pools and get rewards.
  • Voting: Users can use tokens to vote and evaluate NFT works in the system.
  • Governance: Users have the right to vote for important changes of ByteNext by holding BNU.

BNU Tokenomics

  • Ticker: BNU
  • Blockchain: BSC
  • Token Standard: BEP20
  • Type of Token: Utility token
  • Total Supply: 200,000,000
  • BNU Price (USD) IDO: $0.09
  • Initial Market Cap: $315,000
  • Selling Pressure: $135.000

How is the Total Supply of 200,000,000 BNU tokens are Allocated?

The 200,000,000 token BNU are allocated as follows:

  • 20,000,000 (10%) Seed: Allocated for investors in Seed Sale
  • 31,250,000 (15.63%) Private: Allocated for investors in Private Sale
  • 20,000,000 (10%) Strategic: Allocated for strategic investors
  • 1,000,000 (0.5%) Public: Allocated for Public Sale
  • 30,000,000 (15%) Ecosystem Growth: Used for Marketing and other activities to develop the community and ecosystem
  • 20,000,000 (10%) Foundation: Allocated for founders
  • 30,000,000 (15%) Team: Allocated for team members
  • 12,000,000 (6%) Advisors/Partners: Allocated for strategic partners and advisors
  • 25,750,000 (12.87%) Farming: Allocated for Farming activities
  • 20,000,000 (10%) Liquidity : Allocated for liquidity provision

The vesting schedule is as follows:

  • Seed: 25% release 6 months after TGE, then quarterly release for 1.5 years.
  • Private: 25% release 6 months after TGE, then quarterly release for 1.5 years.
  • Strategic: 10% initially, 2 months cliff, then a monthly release for 1 year.
  • Public: 50% unlocked at TGE, then 50% after listing 01 month.
  • Ecosystem Growth: 2 week cliff, then monthly release for 2 years.
  • Team: 12 months cliff, then monthly release for 1 year.
  • Advisors/Partners: 12 months cliff, then monthly release for 1 year
  • Farming: 10% per quarter, start unlocking when the farming program goes live.
  • Liquidity: Unlock 10% before listing, then linear 1 year.

So, now that you have understood the BNU Tokenomics why not lock some $BNU in our upcoming IDO on BSC Station? Yes, ByteNext IDO is just around the corner on June 1st. So, hurry to take part and secure a whitelisting spot for yourself.

See you at the event!

About ByteNext

ByteNext is an AvatarArt NFT marketplace for artists that aims to build up the AvatarArt platform to support art creators worldwide to make their paintings become NFT on Binance Smart Chain, conduct auctions and transactions globally. AvatarArt will bring real-life values to the NFT space and establish storage and preservation centers at certain places. Once any painting piece is verified and stored at the centers, AvatarArt will create NFT for each piece of the art, ensuring its value the same as the real one.

For more info, read the whitepaper: https://bytenext.io/files/document/whitepaper/en.pdf?v=637572869227742618

To stay up-to-date with all the latest developments, follow us today:

Website: https://bytenext.io/

Twitter: https://twitter.com/Bytenextio

Telegram Announcements: https://t.me/ByteNextAnnouncement

Discussion Channel: https://t.me/ByteNextOfficial

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ByteNext

ByteNext

ByteNext is a blockchain incubation hub that aims to make the Metaverse Economy a reality.