BTSE will list bitgrit ($BGR) on December 13, 2024, making it available for spot trading. Additionally, $BGR will be listed on BTSE’s wider ecosystem of 20+ white label crypto exchanges, enabling better liquidity and pricing. Users will be able to trade $BGR via the BGR/USD, BGR/USDT, and BGR/USDC trading pairs.
Key Dates:
- Deposits enabled: 4:00PM (Singapore Time) on December 12, 2024
- Trading enabled: 4:00PM (Singapore Time) on December 13, 2024
- Withdrawals enabled: 4:00PM (Singapore Time) on December 13, 2024
We are excited to announce the launch of $BGR, the native token of bitgrit, the premier online AI network tailored for the global data science community. By leveraging blockchain technology, $BGR drives a transformative ecosystem that seamlessly integrates artificial intelligence into both societal and business frameworks.
With $BGR, bitgrit is setting a new standard for how AI is developed and valued, employing a decentralized and collaborative approach. This ensures the delivery of scalable, transparent, and innovative solutions for businesses, data scientists, and society.
What is $BGR?
$BGR serves as the backbone of bitgrit’s AI-driven blockchain, empowering a collaborative, crowd-sourced platform for innovation.
Key Benefits:
- Driving Innovation: Participate in AI challenges, leverage cutting-edge tools, and contribute to groundbreaking solutions.
- Promoting Inclusivity: Connect with a global network of data scientists, businesses, and data providers in a unified ecosystem.
- Monetizing Expertise: Showcase your skills, compete in challenges, and access job opportunities while earning and utilizing $BGR.
- Fostering Growth: Sponsors and businesses can support projects and advance AI research while achieving meaningful returns.
Key Features of bitgrit
- A robust network connecting data scientists, enterprises, and data providers.
- A transparent platform for AI competitions and knowledge sharing.
- Decentralized infrastructure to meet the computational and storage needs of the AI community.
- A commitment to democratizing AI development and making advanced technologies accessible to all.
Supply and Distribution of $BGR
The maximum supply of $BGR tokens is capped at 10 billion, distributed strategically to ensure sustainability and growth for the bitgrit ecosystem.
Distribution Breakdown:
- Core Team and Advisors (23%)
Allocation supports the core contributors and strategic advisors, ensuring long-term development and success. - Early Supporters (5%)
Includes financial and other supporters from the inception or early stages of the project. - Early Partners (7%)
Reserved for early financial and operational supporters of bitgrit. - Community Emissions (40%)
Allocated for community incentives such as rewards for Ambassador Partners, contests, hackathons, dataset providers, liquidity providers, and data scientist contributions. - Marketing & Events Reserve (10%)
Dedicated to initiatives promoting the network’s Job Boards and increasing user engagement. - Early Marketing Reserve (2%)
Early allocation to incentivize community engagement, early giveaways, and partnerships. - Discretionary Reserve (8%)
A reserve to address unforeseen challenges and promote project success. - Liquidity Reserve (5%)
Ensures liquidity across markets, particularly for decentralized exchanges.
Community Incentives
Half of the total supply (50%) is allocated to community incentives, including a 2% initial airdrop for data scientists and other community members who contribute to the growth and promotion of the bitgrit ecosystem.
Deposit/trade $BGR tokens on the BTSE website or mobile app here.
For more information, visit High bitgrit’s official website and whitepaper.
Trade on the go — download the BTSE mobile app (iOS/Android).
Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at support@btse.com or on X @BTSE_Official.
Disclaimer: BTSE blog content is intended solely to provide varying insights and perspectives. It does not constitute financial, legal, or investment advice and should not be relied upon as such. The views expressed are not necessarily those of BTSE. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Trading involves substantial risk due to market volatility, and past performance is not indicative of future results. Always trade with caution and consider seeking advice from a qualified professional before making any financial decisions.
