Say hello to the bBETA datatoken — the newest addition to Big Data Protocol’s Data Room.
bBETA builds on the bALPHA collection of datasets with offerings from our industry partner ClosingBell plus high-volume crypto Twitter sentiment analysis for exchange-based tokens & NFTs. These datasets in the bBETA collection advance BDP’s mission to bring liquidity to commercially valuable data using DeFi and build a Web3 data market.
The bBETA token will be launched on Friday, May 28th.
Distribution of bBETA Tokens
Allocation of bBETA tokens will be similar to bALPHA’s, with two important differences. A total supply of 20,000 tokens will be created, of which 10% of the token supply will be airdropped to holders of BDP & bALPHA (details below), and 10% will be reserved as payments for data providers. 80% of the total supply of bBETA tokens will be distributed via liquidity mining over 6 months.
Data provider tokens are locked for 2 weeks, then released 20% every month
Airdrops (2,000 tokens)
Rewarding the BDP community for their loyalty was top of mind when designing the 2-stage airdrop. Concurrent with token launch on May 28, we will deploy the first “fairdrop”. Based on a May 9 snapshot, holders & stakers of BDP or bALPHA tokens will be able to claim an equal share of 1,000 bBETA tokens: ~0.129 bBETA.
For the 2nd “proportional” airdrop, we will take a snapshot at a random time in the 48 hour period of the weekend of Saturday, Jun 4 — Sunday, Jun 5 (midnight to midnight, US EST). Holders & stakers of BDP or bALPHA will be rewarded with an amount of bBETA that’s proportional to their total holding.
All the details in this Medium article.
Farming bBETA (18,000 tokens)
- Stake BDP/ETH LP = earn 6400 bBETA (32% of supply)
- Stake bALPHA/ETH LP = earn 3200 bBETA (16% of supply)
- Stake bBETA/ETH LP = earn 6400 bBETA (32% of supply)
How to farm bBETA
- Withdraw LP tokens from bAlpha farming pool
- Approve LP in bBeta contract
- Stake LP in bBeta contract
Introducing bBETA: Tokenomics, Mining & Providing Liquidity was originally published in Big Data Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.