BTZ is the token wherewith the Bitizens ecosystem operates. It is a BEP-20 token in the Binance Smart Chain (BSC) with limited supply. The BTZ token will be used for all transactions within the game (including NFT trades in the marketplace) and for staking. Additionally, it will also serve as the Bitizens governance token.
As mentioned, there will be a limited supply (hardcap) of 100 million BTZ, which means this is the total amount of tokens that will ever be in circulation. This characteristic helps avoid inflation and creates scarcity, benefiting the token holders by allowing a propensity for higher prices.
The 100-million BTZ token allocation is described in the table below. The initial circulation supply will be 4.9 million tokens (plus the Public Sale) and the remaining tokens will be unlocked in the following months according to the vesting schedule.
Both the allocation and vesting schedule were defined with the following objectives: allow the creation of a strong ecosystem; maximize returns for players; fairly compensate the team and advisors; provide necessary liquidity; and ensure a long-term commitment of all parties involved.
Allocation and Vesting Schedule