How you will benefit from the iBG token
The iBG token will provide a one-stop-shop experience by acting as the one token with which investors can complete all their investments.
Beyond using the iBG token for utility purposes, you are privy to many rights as a token-holder.
Vote for iBG product development, protocol integrations & token burn strategy.
You can earn yields by providing liquidity to the iBG treasury.
You can pay for transaction fees using the iBG token.
If you’re a developer, you’ll receive iBG tokens for contributing to the ecosystem.
Get rewarded for introducing new users to iBG through an extensive referral program.
How the token’s value will grow through the ecosystem
The iBG token is expected to keep growing along with the ecosystem, and various factors will drive this growth.
Demand for the iBG tokens will increase once used for transaction fees and with a growing demand for yield and governance participation.
iBG will continue establishing new partnerships with traditional finance players and DeFi protocols to increase demand for the token.
Transaction fees will be burned and permanently taken out of circulation to keep the token’s value high with contribution from BGBF-I (South East Asia’s 1st Insured BTC Fund).
iBG token specifications
|Token type||ERC-20 (utility token)|
|Blockchain||Ethereum with interoperability with Polkadot|
|Domicile of issuance||Republic of Seychelles|
|Total supply||45 000 000|
The sale of the tokens will happen in two phases giving investors users different prices and privileges.
Sale Price at par value: USD 1/iBG token
|Private Sale||Public Sale|
|February – March 2021||End of March – April 2021|
|Tokens||2 500 000||2 500 000||25 000 000|
|Sales Terms||40% Bonus Tokens||20% Bonus Tokens||At par value|
Token Vesting & Unlocking
Tokens vesting & unlocking schedules are not finalized and may be subjected to change at the discretion of the community.
|Staking Partners||7,200,000 allocated to staking partners, unlocked monthly after 12mths from date of token purchase over 5 years.|
|Team & Advisors||1,350,000 unlocked (programmatic distribution) across 4 years from project launch date|
|Tech & R&D||3,825,000 unlocked (programmatic distribution) across 4 years from project launch date|
|Marketing||Airdropped to the community monthly as proof of participation during marketing event|
|Reserves||Reserved for ecosystem growth and contingency events, as determined by iBG voters.|
Private Sale 1:
1,011,840 Bonus tokens (programmatic unlock after 12 mths from launch)
Private Sale 2:
82,300 Bonus tokens (programmatic unlock after 6 mths from launch)
Public Sale (Primary Sale): 25,000,000 – (programmatic unlock after 30, 60 & 90 days.)
Usage of Funds
How we will use the funds to bring the iBG app to life
Token holders will become part of the iBG community and reap the benefits as the tokens evolve and the iBG app is developed. Based on the token sale, we will allocate the money based on how we have estimated the budgets that will ensure we can deliver all our promises.
Budgeted based on estimates, we will implement flexible deployment based on market demand per activity.
How the development of iBG will unfold
- The iBG protocol was conceived.
- Market research & protocol viability was conducted.
- The token was designed.
- A strategic partnership with a digital asset custodian for token issuance was established.
- The iBG token mining begins.
- The private token sale takes place (Jan-Feb).
- DeFi partnerships & financial institutions MOU are established.
- A partnership with BGBF-I fund is established for participation in the token burn mechanism.
- The iBG app & smart engine development begins
- The iBG treasury and liquidity setup takes palace
- The iBG token burn structure is developed
- The iBG airdrop for marketing activities takes place
- The token presale takes place (April).
- The iBG AI model backtesting begins.
- The iBG app trial and reiterations begin.
- DeFi partnered protocols & institutions are onboard.
- The beta version of the iBG app is released.