Tokenomics
1. Token Overview
Bitcoin Everlight (ticker: BTCL) is the native utility token of the Bitcoin Everlight network, a lightweight transaction layer designed to facilitate faster, cheaper, and more accessible Bitcoin payments. BTCL functions as the primary medium for routing fees, node participation, and network incentives within the Everlight ecosystem. It is important to clarify that BTCL does not replace Bitcoin (BTC) nor does it alter Bitcoin’s underlying consensus mechanism or protocol.
2. Total Supply
The total fixed supply of BTCL is set at 21,000,000,000 (21 billion) tokens. This supply figure is symbolically aligned with Bitcoin’s capped supply of 21 million BTC, scaled by a factor of 1,000 to enhance accessibility and usability. The large token supply facilitates a low unit price, which is intended to encourage broad public participation and ease of transaction denominating within the network.
3. Allocation Breakdown
The total supply of BTCL is allocated as follows:
Allocation
Percentage
Amount (BTCL)
Purpose
Presale
45%
9,450,000,000
Distribution to early participants to establish decentralized ownership and liquidity.
Node Rewards & Network Incentives
20%
4,200,000,000
Incentivizing node operators and supporting ongoing network security and performance.
Liquidity (DEX + CEX)
15%
3,150,000,000
Provision of liquidity for decentralized and centralized exchanges to support trading.
Team & Core Contributors
10%
2,100,000,000
Compensation and long-term alignment of the founding team and key contributors.
Ecosystem / Partnerships / Treasury
10%
2,100,000,000
Reserved for strategic partnerships, ecosystem development, and treasury management.
Each allocation is designed to support the network’s operational needs, governance, and sustainable growth while maintaining conservative distribution principles.
4. Presale Structure
The presale of BTCL is conducted in 20 discrete stages, each distributing 472,500,000 BTCL tokens. This staged approach allows for a gradual price progression, facilitating orderly market discovery and fair participation over time. The multi-stage design mitigates abrupt price shocks and supports a measured introduction of tokens into circulation.
5. Presale Pricing Curve
The pricing for each presale stage is as follows:
Stage
Price (USD)
1
$0.0008
2
$0.0010
3
$0.0012
4
$0.0014
5
$0.0016
6
$0.0019
7
$0.0022
8
$0.0025
9
$0.0029
10
$0.0033
11
$0.0037
12
$0.0042
13
$0.0047
14
$0.0053
15
$0.0060
16
$0.0068
17
$0.0077
18
$0.0087
19
$0.0098
20
$0.0110
This multi-stage pricing model is designed to facilitate a transparent and gradual price discovery process. It avoids abrupt valuation changes and supports orderly market dynamics without implying any guaranteed valuation or return.
6. Presale Vesting
Tokens allocated through the presale are subject to a vesting schedule structured as follows:
20% unlocked at Token Generation Event (TGE)
80% vested linearly over a period of 6 to 9 months
This vesting mechanism is implemented to promote market stability by preventing large immediate token sell-offs, thereby supporting a balanced and sustainable token distribution over time.
7. Team & Contributor Vesting
The tokens allocated to the team and core contributors are subject to a vesting schedule with the following terms:
12-month cliff period
24-month linear vesting thereafter
Total vesting duration: 36 months
This vesting structure ensures long-term alignment between the team’s incentives and the network’s sustained development, promoting responsible token distribution and governance.
8. Liquidity Strategy
The liquidity allocation is designated for:
Initial liquidity provisioning on decentralized exchanges (DEX)
Listings and liquidity provision on centralized exchanges (CEX)
Supporting overall market stability and efficient trading
Only a portion of the liquidity allocation is deployed at network launch. Liquidity locking mechanisms may be employed to enhance trust and reduce market volatility.
9. Economic Design Rationale
The tokenomics of BTCL are designed to support:
Decentralized ownership through broad presale distribution
Strong participation incentives for network nodes and contributors
Sustainable, fee-driven utility that underpins network operations
Long-term network sustainability via structured vesting and incentive alignment
This design avoids any implication of guaranteed returns or token appreciation, focusing instead on utility and network function.
10. Summary
BTCL is a utility token purpose-built to support the operation and growth of the Bitcoin Everlight network. Its tokenomics are structured to balance broad participation, network security incentives, and responsible distribution, thereby underpinning the sustainable development of the Everlight ecosystem.
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