bitSmiley announces SMILE token economics, total supply 210 million

BlockBeats news, on November 1, according to the official announcement, Bitcoin DeFi infrastructure bitSmiley is about to launch the token SMILE on the Ethereum network. The reason is that the Bitcoin blockchain infrastructure is still underdeveloped and the existing infrastructure cannot support project governance on the Bitcoin blockchain. The detailed token economics are as follows:

· Token code: SMILE

· Total token supply: 210 million

· Token standard: ERC-20

· Token use cases: governance, fee discounts, etc.

About distribution. bitSmiley DAO allocates 26%, liquidity allocation 7.5%, staking allocation 12.5%, team and consultant allocation 12.5%, user incentive allocation 21.5%, Round 1 investor allocation 10%, Round 2 investor allocation 6%, bit-Disc airdrop allocation 1%, People's launchpad allocation 3%.