The Token Lockers

Preserving longevity through management of circulating supply

When $bCASH was deployed, millions of tokens were given to members of the community who happened to be in the right place at the right time. Over the next few days the value of these tokens appreciated rapidly on the open market.

Because of this, two time-vesting token locker contracts were deployed and can be viewed on the contracts page.

The locker contracts function similarly, with variations in the time until first release as well as the amount released after each time interval as follows:

TOKEN LOCKER #1:

• 1 million $bCASH max lock

• Each unlock releases 45k (50k - tax) $bCASH to the depositor.

• First unlock either 4 or 6 weeks after deposit

  • This is done to stagger releases as to not have all tokens released hit the market at the same time

• Subsequent unlocks happen every 4 weeks until the deposited balance is fully returned to the depositor

TOKEN LOCKER #2:

• No max lock

• Each unlock releases 450k (500k - tax) $bCASH to the depositor.

• First unlock 52 weeks (1 year) after deposit

• Subsequent unlocks happen every 4 weeks until the deposited balance is fully returned to the depositor

At the time of this writing (9/18/2022), over 25 million $bCASH was locked in the locker contracts.