BarterTrade’s native (ERC20) token BART has been deployed
Hello BART Squad,
Today, on Aug-01–2020 01:16:06 AM +UTC BARTertrade Token smart contract was deployed on the Ethereum chain as our TGE took place. This has laid down the foundation stone of our ecosystem and the things to come.
Our team at Barter Trade believe in complete transparency and want to give our community all the information we can so you are not kept in the dark.
This is one of those things where we’ll share every little detail like project token addresses so that you know exactly where those tokens are at and how they are being used. The details of the event are as follows.
Max supply: 240,000,000 BART (Total possible supply)
Total supply: 192,000,000 BART (Minted supply)
Out of the total supply of 240,000,000 BART, An allocation of 192,000,000 BART has been minted to define our Usage and Funding categories w.r.t to our token economics. Distribution is explained below.
Usage Distribution
Company Reserve: 72,000,000 BART (Locked, with a vesting period of 60 months) https://etherscan.io/tx/0xc089896111ef67f7ce557af76a91ea6d4513595d23bdc4c8bbf023c57db165db
Team Allocation: 28,800,000 BART (Locked, with a vesting period of 48 months) https://etherscan.io/tx/0x81e81cf3b2231116763390a7b29eb578f0e22688cdd41d7ce04754aaa97fc4ab
Advisory Allocation: 10,800,000 BART (Locked, with a vesting period of 36 months) https://etherscan.io/tx/0x75ddcbade5034aaf99a82f4624085a28499de6b4632c4d980b912669d2591395
Marketing: 37,200,000 BART (Locked, with a vesting period of 24 months) https://etherscan.io/tx/0x85c817c24cbc5199c35f2c56d822bedf16342284d7cd10f94ebca8056ee0b439
Staking rewards, Bounty, Airdrops: 24,000,000 BART (No Lock-up) https://etherscan.io/tx/0xc5ee0ac34666c69db3f826d28307ea49a920dd663e7a79713db4ea91c5e02cb3
Funding Distribution
Pre-Sale: 48,000,000 BART (These will be automatically minted when the Migration/Swap contract for BRTX to BART is deployed)
Public Sale: 19,200,000 BART (This allocation will be sold during the public sale event) https://etherscan.io/tx/0x8823f2bf11ed44cf8af8e673f1f24a9506ffd50153213932774951422b9937d2
Summary
As per our Token Economics, all category tokens have been locked and vested. The same can be verified on Etherscan. Pre-sale allocation of 48,000,000 BART will be minted along with the swapping contract deployment. Once the Swapping is complete and all the BRTX have been swapped to BART our total supply will match our max supply of 240,000,000 BART.
This article summarizes our BART Token Generation Event. We will follow this with a couple of announcements over the course of next 2 days. Announcements will include complete details of the public sale (Finalized between 11th -15th August) and our expected Road-map for the month of august. Stay Tuned!!!
