> For the complete documentation index, see [llms.txt](https://bafex.gitbook.io/bafex/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://bafex.gitbook.io/bafex/tokenomics/issue-and-distribution-of-tokens.md).

# Issue & Distribution of tokens

### Distribution

* **Team**– 8%

  The share subject to vesting (2 years) is pre-pledged.
* **Development & Advisers** – 20%\
  For payments to employees, as well as project advisors who took part in the development.
* **Liquidity & Marketing Making Fund** – 20%\
  Providing rewards for long-term staking and supporting liquidity on DEX.
* **Ecosystem Development Fund** – 10%\
  Funds for attracting users, promoting the platform, organizing events (AMA, competitions), etc.
* **Referral & affiliate program** – 7%

  To stimulate and attract new users and partners, including grant programs for integrations.
* **Early Investors** – 10%

  Distribution among the first investors providing capital at the presale/seed round stage.
* **Reserve Fund** – 5%\
  To provide for unforeseen situations, cover emergency expenses, or strategic buyback of tokens.
* **ICO & Public Sale** – 20%

  Tokens are intended to raise capital during IDO/ICO, taking into account the public interest.

<figure><img src="/files/pLIAFg2znyBuRucJI6Ja" alt=""><figcaption></figcaption></figure>

This model strikes a balance between incentivizing early participants, supporting the ecosystem and creating liquidity in the market, and providing a transparent basis for the long-term growth of BAFEX.

***

### Unlock Schedule

**Liquidity & Marketing Making Fund** (20%)

* Cliff - 3 months
* Issue ≈1.67% monthly for 12 months
* Eligibility: Monthly Trading Volume X-amount for CEX, Min. Pool Depth on DEX

**Referral & affiliate program** (7%)

* No Cliff
* Vesting - 6 months, monthly unlock ≈1.17%
* Goals Achievement: X number of active new users per month, Referral retention rate greater than X%

**Ecosystem Development Fund (10%)**

* Unlocking in tranches synchronized with key stages of the Roadmap (Mainnet launch, listings, partnerships).
* Vesting - 12 months, ≈0,83% unlock per month

**ICO & Public sale (20%)**

* 50% available immediately after listing
* 25% available in 1 month after listing
* 25% available in 45 days after listing

**Early Investors (10%)**

* 20% immediately after listing
* 15% in 3 months after listing
* 15% in 6 months after listing
* 15% in 9 months after listing
* 15% in 12 months after listing
* The remaining 20% in ​​18 months after listing

**Team (8%)**

* First unlock (30%) - 12 months after listing
* Second unlock (20%) - 18 months after listing
* Third unlock (30%) - 30 months after listing
* Final unlock (20%) - 42 months after listing

**Reserve Fund** (5%)

* Cliff - 6 months
* Vesting - 18 months, ≈0.28% unlock per month
* Automatic linear release, ONLY with DAO approval: Justification for use (example: buyback, emergency, emergency grants), quorum vote ≥ 35%

**Development & Advisers(20%)**

* No Cliff
* Vesting - 18 months, ≈1,11% unlock per month

<figure><img src="/files/cZS4plEuDkL4RCFhM0EZ" alt=""><figcaption></figcaption></figure>

### DEX/CEX Listing

* After IDO/ICO, a gradual entry into DEX (Uniswap, PancakeSwap) and centralized platforms (CEX) is planned as the ecosystem grows.
* Liquidity is maintained through a 15% token pool and institutional market makers.