$BRKL is the fuel of Green DeFi. Make sure your fuel tanks are ready.
We designed the $BRKL tokenomics to make the Green DeFi happen. So, the token will play a key role in governance, aligning incentives within the project’s ecosystem amongst early supporters, community participants, and partners.
This article summarizes Brokoli’s tokenomics. For more details, see this link.
Brokoli Token ($BRKL) Utility
$BRKL token is the principal product to be used to govern the Green DeFi by Brokoli. $BRKL also enables the play-to-earn and play-to-impact NFT Forest, where the impact will be traded with $BRKL.
Token holders can cast their votes to decide the choice of renewable energy projects, e-waste collection and recycling programs, and partners for planting trees to be used for climate-positive action.
We are introducing a new type of governance — instant governance, where the community can take part, benefit, and vote for specific protocol settings with no barrier to entry.
We will verify community votes using Snapshot, an off-chain gasless multi-governance client.
This will make the Brokoli Network fully community-governed, efficient, user-friendly, and transparent, where members can actively participate in system governance.
Aside from governance, the $BRKL token has other use cases within Green DeFi.
$BRKL Token Metrics
Without delay, let’s jump right into an overview of our tokenomics.
- Token type: ERC-20 and BEP-20.
- Token name: BRKL
- Total supply: 125,000,000
- Initial circulating market cap: $899,100 ($0.064/$BRKL)
- Initial circulating supply: 14,048,437 BRKL.
Since we came into the scene, we have received a lot of interest and potential investors. We have outlined three different sale stages for the token sale, namely Private Round A, Private Round B, and Public IDO. Let’s go into the token sale data and economics.
- Hard cap: $2,250,000.
- Private Round: $1,900,000
- Public Round: $350,000
- IDO: TBA
- IDO Date: TBA
- IDO price: $0.064
Everyone will have the opportunity to participate in our IDO. Whitelisting campaign is to be announced soon — be the first to know by signing up on our waitlist: https://brokoli.network/ido
For the vesting schedule, 20% of the tokens will be unlocked at TGE for both the private round and public round. After that, the 3-month cliff follows, after which tokens are unlocked daily over 15 months. This averages to around 5.33% per month in months 4 to 18 after TGE.
You can find more information on this in the image below:
About Brokoli Network
Brokoli is an impact-to-earn NFT metaverse where climate impact makes you money.
Your DeFi transactions on Brokoli plant NFT Trees: a tradable asset that earns passive income.
Brokoli’s core: Environmentally friendly gateway into the most popular DEXs and dApps.
API: Any blockchain platform (centralised or decentralised) can implement our API to allow users to opt-in to a small climate fee that offsets their transaction’s footprint.
Digital Forest / Brokoli Impact Credits: Users receive NFTs based on trees they have funded the planting of by using our products and completing daily quests. Digital NFT forests will be tradable as Brokoli Impact Credits: Corporate Social Responsibility standard loosely pegged to real forests and purchased by corporate partners.
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