TechFlow reports on November 1 that Bitcoin DeFi infrastructure bitSmiley has released the tokenomics for its SMILE token. According to the announcement, the SMILE token is based on the ERC-20 standard with a total supply of 210 million. The token distribution includes allocations for bitSmiley DAO (26%), user incentives (21.5%), staking (12.5%), liquidity (7.5%), among others.
Regarding release rules, first-round investors will receive 0.2% at TGE (Token Generation Event), with the remaining portion locked for 180 days and then linearly released over 12 months; second-round investors will receive 0.3% at TGE, with the remainder locked for 150 days and subsequently linearly released over 12 months.
The team and advisors' allocation will be locked for 2 years, followed by a linear release over 48 months. The remaining portions allocated to user incentives and bitSmiley DAO will be linearly released over 48 months, while the staking portion will be linearly released over 24 months. The project also includes an airdrop and public sale phase, with the bit-Disc airdrop portion being linearly released over 2 months.
