7.1 Tokenomics

Ticker: $BRKT

Total Supply: 250,000,000

Initial Circulating Supply: TBD

Token Format: native erc-20

Core Contributors

13% - 32,500,000 $BRKT

The core contributors of the BRKT Protocol have been allocated 13% of the token supply. This designated portion of the token allocation is earmarked for the decentralized collective of core contributing entities. These efforts encompass individuals who have diligently contributed to the initial phases of development, spanning security, engineering, product development, infrastructure, growth, and operational aspects of the BRKT Platform.

None of the “Core contributor” allocated token supply will be unlocked at the TGE and will be subjected to the Token Release Schedule.

INVKR Defender Nodes

7.2% - 18,000,000 $BRKT

BRKT’s Defender nodes have been allocated 7.2% of the token supply. These operating nodes are designed to constantly improve both existing and future competitions through our implementation of an off-chain oracle called INVKR. The INVKR Oracle will dramatically reduce gas costs, provide increased security regarding match outcome submissions, and enable hyper-efficient data storage on-chain utilizing bit flags.

By moving match outcome submissions off-chain, INVKR will minimize the need for on-chain transactions, resulting in significant reductions in gas fees for users. The off-chain data processing also allows for the use of bit flags, which store each match's outcome as a boolean value (e.g., Team1 vs Team2 in Match0: 0 denotes Team1 wins, 1 denotes Team2 wins). This approach eliminates the need for extrapolated prediction trees to calculate the total score of a competition, as the contextual match outcomes can be determined off-chain, and there is no need to track the team ID that won each match.

None of the “INVKR Defender nodes” allocated token supply will be unlocked at the TGE and will be subjected to the Token Release Schedule.

BRKT Foundation (Treasury)

18% - 45,000,000 $BRKT

This portion of the token supply is set aside for BRKT Foundation/ Treasury reserves. This allocation is intended to support important initiatives such as future innovation research on the expansion of the core competition management smart contracts, offering grant funding to dApps looking to build within the BRKT ecosystem, assisting the developer community, covering operational expenses, and other pertinent programs. The BRKT Foundation's mission is to efficiently and strategically use these resources to further develop the network, and ultimately creating fairness and transparency when it comes to all gamified means of competitions.

Advisory

3% - 45,000,000 $BRKT

The Advisory section has been allocated 3% of the token supply. The allocation is created to bring on a distinguished group of experts committed to guiding and shaping the trajectory of our endeavors. Composed of seasoned professionals with diverse backgrounds and extensive industry experience. Our trusted advisors play a pivotal role in steering our vision, ensuring alignment with industry best practices, and fostering innovation.

None of the “Advisory” allocated token supply will be unlocked at the TGE and will be subjected to the Token Release Schedule.

Ecosystem and Community

32% - 80,000,000 $BRKT

As a protocol infrastructure, our goal is to ensure the scalability of our network and encourage new adoption of our smart contracts in “next-iteration” builders. The Ecosystem & Community subcategory allocation is meant to do just that. The 32% allocation of the token supply allows BRKT to further involve the participation of: Community DAOs, organizations, developer onboarding, new strategic contributors, etc.

Strategic Network Partners

10.8% - 47,000,000 $BRKT

10.8% of the token supply has been set aside for strategic network participants who want to invest in the network's long-term success and stability through private sales. These participants include strategic angels, builders, technical partners, and long-term funds with significant expertise in network governance and scaling in the cryptocurrency space.

Launch Strategy

8% - 20,000,000 $BRKT

The Launch Strategy has been allocated 8% of the token supply. This section is crucial for the expansion and hyper growth of the platform, incentivizing early adopters and die hard community members who utilize the platform’s services. Some of the related activities and initiatives can be TGE airdrop campaigns, Retention systems in place to bring back users, New user acquisition models, etc.

Seed Round

8% - 20,000,000

Vesting Details

Strategic Protocol Participants: 7% TGE, 3 month Cliff, 18 month vest

Advisory: 1 year cliff. 18 month vest

Core contributors: 1 year cliff. 18 month vest

BRKT Foundation (Treasury): 10% TGE, 24 month vest

Ecosystem & Community: 4 year emission

INVKR Defender Nodes: 3 month cliff, 21 month vest

Launch Strategy: Based on launch initiatives (ex. airdrop campaigns)