Balancer
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BAL Governance Token
Ethereum Contract Address: 0xba100000625a3754423978a60c9317c58a424e3d

Overview

As Balancer Protocol moves to decentralize and diversify its governance, it will use the Balancer Governance Token (BAL) to grant voting power. Alignment between governance token holders and protocol stakeholders is crucial for successful decentralized governance, and BAL tokens are the vehicle to drive this alignment. BAL tokens are not an investment; BAL token holders should be people who interact with the protocol in some way, are committed to its future development, and want a seat at the governance table.

Contract Address

Supply and Distribution

Supply

The maximum total supply of BAL tokens is capped at 100M; however, this does NOT necessarily mean that this cap will ever be reached. BAL token holders have the authority to decide if the distribution should end before hitting the cap.

Distribution

This chart outlines the allocation amounts. More details below.
BAL Recipient/Fund
BAL Amounts
Liquidity Providers
(Up to) 65M
Founders, Options, Advisors, Investors
25M
Ecosystem Fund
5M
Fundraising Fund
5M

Community

Currently, 145,000 BAL tokens, or approximately 7.5M per year, are distributed every week through the Liquidity Mining program. At this rate, it would take a total of 8.666 years to distribute the remaining 65M BAL before reaching the 100M cap. BAL Governance has power over Liquidity Mining, and can choose to keep or change this system.

Founders, Options, Advisors, Investors

25M tokens were allocated to founders, options, advisors, and investors, all subject to vesting periods.

Ecosystem Fund

5M were allocated for the Ecosystem Fund. This fund will be deployed to attract and incentivize strategic partners who will help the Balancer ecosystem grow and thrive. BAL holders will ultimately decide how this fund is used over the coming years.

Fundraising Fund

5M were allocated for the Fundraising Fund. Balancer Labs raised a pre-seed and seed round. This fund will be used for future fundraising rounds to support Balancer Labs' operations and growth. BAL tokens will never be sold to retail investors.
For full transparency, the seed series price of one BAL token was $0.60.
Last modified 28d ago