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Bitcode.art Tokenomics
The mechanics of $BCA explained.
$BCA is an SPL token on the Solana Blockchain. It was created with a starting supply of zero.

Token Information

  • Token Name: BitcodeArt Token
  • Token Symbol: $BCA
  • Decimals: 9
  • Token Address: BCAph72Lo4kGuF5LnN2KMy5BGwe97eyWkbYZX44AsVeG
  • Max Supply: 20,000,000 $BCA
  • Tokens in Circulation: 10,000,000 $BCA
$BCA is not an investment and has no economic value.

Genesis NFT Staking

  • Gen1 - Genesis NFT has the ability to earn 16 $BCA per day.
  • Gen2 - Genesis NFT staking information to come at a later date.
  • There will be 3 halving periods. Each halving will reduce $BCA staking rewards by 50%.
  • Each halving will be triggered once a fixed amount of tokens are in circulation
    1. 1.
      8,000,000 tokens in circulation
    2. 2.
      12,000,000 tokens in circulation
    3. 3.
      16,000,000 tokens in circulation

NFT Burning Mechanism

  • In future, Curated Artists collections will be able to be burned by their holder to claim $BCA held by the Bitcode.art DAO Treasury.
    • Burning dApp is launching soon.
    • Genesis NFTs will not be able to be burned.
    • If the Bitcode.art DAO Treasury doesn't hold enough $BCA, then the burn is queued.
    • There will be a limitation on how many pieces can be burnt.
A "burned" piece is an NFT that's removed from circulation. Lower supply = Higher demand.