ChainCatcher reports that Brevis, ZK's smart verifiable computing platform, has announced its token economic model. Its token, BREV, has a total supply of 1 billion, distributed as follows:
- Ecosystem Development: 37% of the total token supply will be used for ecosystem development, research and development, strategic partners, initial market development, and long-term protocol expansion;
- Community incentives: 32.2% of the total token supply, used to reward validators, stakers and community contributors, including different categories of initial airdrops to eligible contributors and community members;
- Team: 20% of the total token supply will be allocated to Brevis's current and future core developers and contributors;
- Investors: 10.8% of the total token supply, allocated to Brevis's seed round investors.
Ecosystem development and community incentive programs will unlock linearly over 24 months after TGE, with 14.50% and 10.50% of the tokens circulating at TGE, respectively. The allocations for the team and investors are fully locked in the first year after TGE, with no initial unlock, and will also be distributed linearly over 24 months thereafter. Furthermore, the airdrop registration portal will be launched soon.
