Express

DeFi Protocol Bastion to Allocate 5 Billion BSTN Tokens at a $180M Valuation

Amy Liu

Summary: Bastion, the largest DeFi protocol on the Near blockchain, will be allocating 5 billion BSTN tokens at a $180 million valuation, according to coindesk. The BSTN token will trade on Trisolaris, a decentralized exchange on Near’s EVM-compatible layer Aurora, beginning 23:59 UTC on Thursday, April 21. The initial circulating supply will be around 12.6%, or ...

Bastion, the largest DeFi protocol on the Near blockchain, will be allocating 5 billion BSTN tokens at a $180 million valuation, according to coindesk.

The BSTN token will trade on Trisolaris, a decentralized exchange on Near’s EVM-compatible layer Aurora, beginning 23:59 UTC on Thursday, April 21. The initial circulating supply will be around 12.6%, or about 630 million tokens.

Bastion’s new token will give holders governance rights, including input into the development of the protocol and the ability to vote on fee models, gauges and staking in a decentralized manner. Approximately 15% of the 5 billion total tokens will go to investors and 25% will go to team members and advisors. In addition, 30% of the tokens will be set aside for liquidity mining incentives and 30% for the protocol’s treasury.

By Amy Liu

Last Update:

Tags: ,,,
Link: DeFi Protocol Bastion to Allocate 5 Billion BSTN Tokens at a $180M Valuation   [Copy]
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 5 hours ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 7 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 11 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 14 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 18 days ago
  • You need to login to comment.