ME News reports that on June 1 (UTC+8), BitFi officially unveiled the tokenomics of its native token, BFI, and will launch the BFI Public Sale via Sonar by Echo. The BFI Public Sale will allocate 1.00% of the total supply, with a public sale price of $0.05 USDC per token, corresponding to a fully diluted valuation (FDV) of $50,000,000 USDC—consistent with the valuation from the previous round—and aims to raise $500,000 USDC. The public sale will use a “fixed price + pro-rata allocation” mechanism, accepting USDC on Ethereum for participation, and all tokens purchased in the Public Sale will be 100% unlocked at TGE.
From the overall token economic model, the total supply of BFI is fixed at 1,000,000,000 tokens, initially issued as an ERC-20 token on the Ethereum mainnet, with support for cross-chain interoperability across multiple ecosystems such as Base and BNB Chain. On its launch day, the circulating supply will be 14.50%, approximately 145,000,000 BFI. Of the total supply, 47.00% will be allocated to community and ecosystem-related purposes, including 4.50% for the TGE airdrop, 1.00% for the Public Sale, and 41.50% for long-term ecosystem and community incentives. Except for the portions allocated to the Public Sale and TGE airdrop, the majority of the remaining tokens will be subject to long-term locking and linear vesting mechanisms to support the protocol’s long-term development, ecosystem growth, and alignment of incentives.
BFI will serve as the native utility and governance token of the BitFi ecosystem, used for protocol governance, staking rights, platform access, ecosystem incentives, and long-term value alignment. Users will later be able to stake BFI to receive non-transferable voucher tokens, sBFI, and gain opportunities for yield and points boosts, ecosystem project rights, governance incentives, and other protocol growth-related benefits.
BitFi is positioned as an institutional-grade on-chain asset management platform for Bitcoin and stablecoins, centered around a secure, transparent, and risk-controlled yield system. This public sale will be conducted through Sonar by Echo, which handles identity verification, eligibility screening, and participation, reflecting the trend of crypto project public sales moving toward more standardized and compliant frameworks.(Source: BitFi)