Tokenomics

This is an early draft that will likely change.

The community uses $BNO, an ERC20 token that distributes ownership of the project to the community members.

At the start of every season, new tokens are minted to fund the implementation of the season goals. These new tokens are distributed as decided by current token holders by majority vote.

This makes $BNO an inflationary token, since every season the number of existing tokens increases. This means that people contributing to the community on a regular basis will be rewarded more than people that just hold onto their tokens.

Season 1 - Token Supply

At the beginning of Season 1, there will be a total of 10,000 minted tokens that will be distributed as follows:

• 25% to the Development Team

• 20% to the Content Team

• 20% to the Web3 Team

• 20% to the Bnomial Treasury

• 10% to the Underfitted Treasury

• 5% as a reserve for bounties

Voting on this distribution will be carried using the Founding Membership NFT, where every member has an equal vote.