Sep 20, 2021
Buffer Finance Tokenomics and other details.
This article is for all the community members looking for a detailed breakup of token distribution and the exact release schedules of the $iBFR token.
- Token Distribution: Includes how many tokens are allocated to which category, what that category means and what vesting schedule will be followed.
- Initial Supply: Explains initial supply, initial Market cap, and token distribution within the initial supply
- Release Schedules: Include exact date release schedules for IDO, Seed Sale, and Leader Board Participants.
- Token Vesting Model: Includes cumulative release over upcoming months.
Let’s get started
Token Distribution Categories
The total supply for the $iBFR token is kept at 100,000,000 (100M) and has been divided into the following categories.
a. Seed Sale: 14%
This allocation was kept to raise pre-IDO funds so that we can do the required marketing. We decided to not have a private round and keep all terms the same for our private investors and community members.
Vesting: 5% released upfront, remaining released over monthly over 10 months
b. IDO: 11%
The IDO allocation is divided among three launchPad TruePnL (1%), Lithium (3%) and SuperLauncher (6%). We have kept a 1% additional allocation in case we need to increase the hard cap for any of the LaunchPads and for that we are continuously monitoring the demand.
If we do not increase the allocation then the unsold tokens will be added to the DAO allocation.
Vesting: 30% released upfront, 15 days cooling period, remaining released weekly over 8 weeks.
c. DAO Allocation: 5%
DAO allocation has been kept to allow us to later upgrade ourselves to a Continuous DAO. Continuous DAO is a very unique concept and will allow us to raise continuously to support our aggressive Roadmap. Currently, we are keeping it under a cliff of 3 months and post that all the tokens will be added a Bonding Curve liquidity lock.
We will release more details regarding the Continuous DAO plan and how it works!
Vesting: Cliff 3 months, then 100% locked under the bonding curve.
d. Team: 10%
Team tokens are kept to align team incentives and keep a significant skin in the game. The vesting has been kept very slow to keep us all invested for the long term.
Vesting: Cliff 12 months, then released monthly over 60 months.
e. Treasury: 10.00%
This allocation is to meet different operational, marketing, and product development expenses. The release is slow and steady will keep us managing month-on-month recurring expenses.
Vesting: 10-month cliff then release monthly over 40 months
f. Advisor /Partnership: 10.00%
This allocation is for all the advisors and partners working with us. There are lots of upcoming partnerships to help us increase the reach of our product. We will be publishing details about each of our partners as we progress.
Vesting: 6-month cliff then release monthly over 20 months
g. Ecosystem rewards & marketing: 13.50%
$iBFR will be used as the key fuel to gamify our platform & increase incentives for the community to participate regularly and contribute to the growth.
Vesting: 3 months cliff 1% released monthly over 100 months
h: Airdrop & LeaderBoard: 1.50%
This allocation will cover the LeaderBoard rewards, Lithium Venture Airdrop, and rewards to communities who supported us in growing our audience and spreading awareness.
Vesting: 33.334% after the cool-down period and then 33.334 released for the next 2 months
i: Liquidity &Liquidity Mining: 20.00%
This allocation is kept for adding liquidity to different exchanges and setting up farming pools for liquidity mining. The tokens here will be released slowly and strategically so the market always has enough liquidity to support the trading volume and there are no sudden supply shocks leading to dumping.
Vesting: 6.67% released upfront, remaining under multi-sign with Superlauncher Team
j: $rBFR farming pool: 5.00%
This allocation is kept for Liquidity providers as an incentive to earn additional APY in form of $iBFR rewards. Anyone can become a liquidity provider and mint $rBFR (LP) tokens. These tokens can be staked in the $rBFR to $iBFR farming pools
Vesting: 4% upfront and then 4% released every quarter for 19 quarters.
Initial Supply
The initial release for $iBFR tokens will be kept at 4.7% of the total supply and the initial circulating market cap would be $352,500 at $0.075/token (Listing price).
Here’s a breakup of the release for the initial supply.
Release Schedules
This section includes date wise release schedule for Seed Sale, IDO, and Rewards/Airdrop.
a. Seed Sale
Date — Time — Release(%)
20 September 2021 — 4:45 pm UTC — 5% $iBFR Tokens
20 October 2021–4:00 pm UTC — 9.5% $iBFR Tokens
19 November 2021–4:00 pm UTC — 9.5% $iBFR Tokens
19 December 2021–4:00 pm UTC — 9.5% $iBFR Tokens
18 January 2022–4:00 pm UTC — 9.5% $iBFR Tokens
17 February 2022–4:00 pm UTC — 9.5% $iBFR Tokens
19 March 2022–4:00 pm UTC — 9.5% $iBFR Tokens
18 April 2022–4:00 pm UTC — 9.5% $iBFR Tokens
18 May 2022–4:00 pm UTC — 9.5% $iBFR Tokens
17 June 2022–4:00 pm UTC — 9.5% $iBFR Tokens
17 July 2022–4:00 pm UTC — 9.5% $iBFR Tokens
b. IDO
Date — Time — Release(%)
20 September 2021–4:45 pm UTC — 30% $iBFR Tokens
05 October 2021–4:00 pm UTC — 8.75% $iBFR Tokens
12 October 2021–4:00 pm UTC — 8.75% $iBFR Tokens
19 October 2021–4:00 pm UTC — 8.75% $iBFR Tokens
26 October 2021–4:00 pm UTC — 8.75% $iBFR Tokens
02 November 2021–4:00 pm UTC — 8.75% $iBFR Tokens
09 November 2021–4:00 pm UTC — 8.75% $iBFR Tokens
16 November 2021–4:00 pm UTC — 8.75% $iBFR Tokens
23 November 2021–4:00 pm UTC — 8.75% $iBFR Tokens
c. Leader Board & Lithium Airdrops
05 October 2021–4:00 pm UTC — 33.333% $iBFR Tokens
04 November 2021–4:00 pm UTC — 33.333% $iBFR Tokens
04 December 2021–4:00 pm UTC — 33.333% $iBFR Tokens
Other release schedules can be found in the below link
Token Vesting Model
Token release rate with days. After 735 days the release will be less than 50% and in 360 days close to Just 30%
All details for seed sale and claiming tokens can be checked from the below link.
About Buffer
Buffer is an on-chain peer-to-pool options trading protocol. It allows anyone to buy options against any asset without the need of a counterparty/option seller. All options are created and executed against a Liquidity Pool where anyone adds liquidity and earns yield from the option premium paid by the option buyer.
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