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Here you can read about BLAB's Tokenomics & Governance and find the cross-chain BLAB token addresses.
$BLAB tokens are revenue shares in BEE AI LABS, through which holders earn profits generated by BEE AI LABS when staked, and are entitled to vote on important platform decisions.
$BLAB, otherwise known as BLAB, is the native governance token of our project. By staking it in an BLAB Maxi vault, the BLAB earnings pool, or any BLAB liquidity vault, or by simply holding this token in your wallet, users can take part in the DAO decision-making governance processes of BEE AI LABS. It does not matter on which chain you hold or stake ALL, since the governance snapshot is multi-chain compatible. Users do not need to un-stake their tokens to participate in the voting process. This incentivizes much more voter participation as it means users don’t miss rewards.
For all the vaults deployed on every blockchain, BEE AI LABS have its native governance token $BLAB at its core. Platform revenue is generated from a small percentage of all the vault profits and distributed back to those who stake $BLAB. The revenue sharing mechanics entail you can stake $BLAB to either earn more $BLAB in an BLAB Maxi Vault, or earn blue chips like $ETH, $BNB, and more in the BLAB Earnings Pools.
After an initial distribution period of around two months back in Q1 2023, 1,000,000 tokens were supplied to the community with 10,000 being locked for the founding team. All tokens $BLAB are officially in circulation as of Q2 2023.
$BLAB staked in the BLAB Maxi vault allows users to accumulate more $ALL. In order to distribute BLAB to anyone who has staked in the BLAB Maxi vault, $ALL buy-backs from the open market are performed as the token is non-inflationary and will not mint any more BLAB tokens, ever.
To get your hands on BLAB, head to one of the many liquidity pools or exchanges.
All revenue generated on the platform from vault fees is sent to and handled by the Reward Pool smart contract in the form of the native token of the chain. Anyone who stakes their $BLAB in either an BLAB Earnings Pool or an BLAB Maxi vault receives their proportional share.
The BLAB Maxi vault allows users to stake their $BLAB much like in the native token earnings pool, but receive instead their rewards in $BLAB. By staking their $BLAB, each participant converts and compounds their share of the protocol’s revenue into more BLAB tokens. As no more BLAB tokens are to be minted, these are provided to stakers by buying BLAB from the open market with the native token of the blockchain.
This Vault is for users that want to convert and compound their share of the protocol's revenue in more BLAB tokens. As BLAB has no inflation, the strategy market buys BLAB with native token rewards.
$BLAB can currently be found in several decentralized exchanges including PancakeSwap. Buying $BLAB usually involves exchanging it for another crypto-coin or token through a liquidity pool.
To stake your $BLAB, head over to the BEE AI LABS site and search for our Maxi or Earnings Pool vaults. You can also deposit your $BLAB into LP positions either by finding an LP vault on the Beefy site (and zapping your $BLABinto it) or by heading to one of our partner Dexes and investing in the LP directly on their site. Finally, use your $BLAB for voting.
The BLAB token is deployed on all chains where vaults are live. Contract addresses below:
- BSC: 0xd6334fe7C3c467d5Cd8F17cbf164810187FCfE3D
On all these blockchains, you can stake $BLAB in the native staking pools to earn the blockchains' respective tokens or earn more $BLAB in an BLAB Maxi vault!
The majority of BLAB tokens are staked in smart contracts, BscScan has a detailed list of the top staking addresses: Token Holders.