Introducing $BGF
The DAO governed crypto index token.
This has been over 3 years in the works and we are excited to announce our entry in to the Defi Space!
- $BGF represents a selected basket of digital assets picked by our governance team that has extensive experience in the crypto and financial markets space.
- $BGF is 100% collateralised, and has zero management fees.
- $BGF is governed by our hand selected BlockGain Group DAO that votes on strategy, use of treasury funds and the curators of the $BGF index.
DeFi and Crypto Currency
The world of finance is on the brink of disruption. Centralised financial governance schemes have seen their pinnacle of innovation. The rule of CeFi has become disconnected from the needs of the average citizen. Capital requirements, cross border movement difficulties, stellar management fees and information asymmetries have barred the majority of society from access nurturing the expansion of a new, decentralized universe.
New risks demand new technologies. New technologies create new opportunities. And so we board a ship to venture into the depths of the DeFi wormhole in search of more democratic access and community-driven exploration. A ship where efficiency and architectural transparency is implemented by design, which is navigated by the experienced, knowledgeable and impactful and which anyone can board and contribute with their resources and skills to create value for and with the community.
Introducing $BGF
BlockGain Group has assembled veteran investors, seasoned experts and the most daring citizens of crypto to discover and grow the most valuable coins via the $BGF token.
$BGF represents a hand-curated basket of crypto coins, automatically rebalanced on a weekly, bi-weekly, or monthly basis as needed to maximize gains. Our experts use their years of finance experience in the crypto space combined with quantitative and Ai enhanced techniques to select the index allocations. $BGF token is tradable on any ERC20-enabled DEX.
$BGF and any potential future missions are governed by the DAO community. Supporting the $BGF mission by holding $BGF, providing liquidity, promoting it or providing essential infrastructure.
$BGF combines the best of curated investment strategies, expert insights and decentralised technology:
- DAO governance: $BGF is guided is initially guided by our expert curators and BlockGain team, but will be community-governed after the first 6 months.
- Diversified investing: A single token provides exposure to a basket of vetted tokens, automatically rebalanced.
- Zero fees: No fees will be charged. $BGF is free and always will be.
- Secure: BGF is 100% collateralised, audited and open-source.
Crypto Market Experience
As the DeFi universe keeps expanding, it becomes more and more difficult to discover the gems among the noise. We are a team of specialists with deep knowledge and experience in the crypto space and many other areas of finance and investing. Our aim is to bridge that gap and make it easy for anyone to start reaping the benefits of the huge wealth that will be gained from crypto.
A total of 166 million $BGF tokens exist. All $BGF will be distributed over a period of a maximum of 5 years for A) the creators and infrastructure providers of the project, B) active participation through promotion or liquidity farming and C) for passive support (hodling) of $BGF and its partner tokens.
$BGF is distributed to stakeholders as follows:
A total of 97% of all BGF will be allocated to the community.
Details
The 97% of $BGF made available during the initial sale will be distributed as follows:
- Public sale: 75% will be distributed via a decentralised distribution mechanism.
- Private sale: 5% will be offered to early supporters. 30% of these will be unlocked, the rest vested linearly over 6 months.
- Partners and experts: 12% will be distributed over 3 years to industry experts and partners that curate the index and provide infrastructure.
Liquidity farming: 5% of $BFG can be earned by providing liquidity for $BGF on Uniswap or any other DEX over the first 365 days.
The Remaining 3% is allocated as follows:
- Team: 2% is allocated over 3 years to the founders of the $BGF.
- Treasury: 1% is kept in the Treasury and released on a yearly schedule. The use of these funds will be decided by the BGF DAO.
The BGF DAO governs
The BGF DAO will effectively take the responsibilities of selecting experts, defining potential future goals, deciding on the usage of the BGF Treasury and other governance related topics.
The first governance voting will be enabled in Q1 2021. The process for governance voting will follow a simple path:
- General discussion on discord
- Distillation of discussion to a dedicated forum post
- Discussion and iteration of said post
- Formalisation of specifications to form a proposal
- DAO vote via Snapshot
It’s Finally Here $BGF and DEFI is taking over the WOLRD!!!
The inception of $BGF will take place with a decentralised public sale soon.
