BRG Token
The native token of Bridge Network

Overview

The Bridge token is used to secure the network and facilitate the deployment of bridges along with other liquidity incentives and governance mechanisms.
Total Supply: 500M BRG

Features & functionality

  1. 1.
    BRG is used as a security mechanism as node validators are required to stake BRG as collateral to become an active participant in the network.
  2. 2.
    Token issuers are required to stake a certain amount of BRG tokens to facilitate the creation of their bridge
  3. 3.
    The BRG tokens staked by token issuers are burned monthly
  4. 4.
    BRG is used to further incentivize cross-chain liquidity
  5. 5.
    BRG acts as a governance token

Vesting

Private round- Unlocked 1 month after TGE. Monthly linear release for 24 months.
Public sale - 25% unlocked at TGE. Monthly linear release for 3 months.
Marketing- Vested monthly for 3 years.
Treasury - Vested monthly for 3 years.
Ecosystem - Vested monthly for 3 years.
Rewards- Linear monthly release for 3 years.
Team & Advisors - Locked at TGE. 3 Months cliff. Vested monthly for 3 years.
Last modified 1mo ago