Bitlayer Announces BTR Tokenomics: 40% Allocated for Ecosystem Incentives

According to official news from Bitlayer, the initial public offering (TGE) of the BTR token is about to launch. BTR is the governance token of the Bitlayer ecosystem, with a fixed total supply of 1 billion tokens and an initial circulating supply of 261.6 million tokens, accounting for 26.16% of the total supply. The tokens will be minted on the Bitlayer network and distributed via the Ethereum mainnet and BNB Smart Chain to achieve cross-chain compatibility. The use cases for BTR tokens include staking and node voting, on-chain governance, and fee distribution mechanisms. The token allocation plan is as follows: 40% for ecosystem incentives, 20.25% for investors and advisors, 12% for the core team, 11% for public distribution, 7.75% for node incentives, 6% for the treasury, and 3% for liquidity.