Blend Tokenomics

Introducing $Blend

$Blend is the governance token of the Blend. It adopts a ES token model. The main purpose of the $Blend tokens is to incentivize the usage of the protocol and liquidity providers.

Supply of $Blend

The increase in circulating supply will vary depending on the number of tokens that get vested, and the amount of tokens used for marketing / partnerships. The forecasted max supply is 2.1 billion $Blend tokens. Minting beyond the max supply of 2.1 billion is controlled by a 28 day timelock. This option will only be used if more products are launched and liquidity mining is required, a governance vote will be conducted before any changes. The composition of $Blend is listed as follow:

	Supply
Seed Round	5%
Private Round	5%
Public Round	4%
Initial Liquidity	5%
Advisor	4.5%
Team	15%
Ecosystem and Treasury	15%
Community Incentive	40%
Airdrop	TBD
Total	100%

Staking $Blend

Staked $Blend receives three types of rewards:

1. Escrowed $Blend

2. Multiplier Points

3. Protocol Fees