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Berry Token (BRY)
BRY is Berry Data’s governance token. BRY is designed to empower the broader DeFi ecosystem to drive the creation of a fully transparent, community-owned, and open-source oracle platform on Binance Smart Chain.

Token Distribution and Vesting Details

The total BRY token circulation is 12,500,000. Token distribution is as follows:
55% - Mining: 40% of BRY will be mined out as block rewards to miners in the Berry oracle network; 15% of BRY will be provided through liquidity mining
23% - Ecosystem Fund: will be used for partners to build Berry Data project and its ecosystem as a vault. 7% will be used for the initial listing campaign and creating pools; 16% will be locked for 2 years and will be released every quarter
16% - IFO: will be sold on PancakeSwap IFO
6% - Team: will be locked for 2 years and will be released every quarter. Team vesting will start from the second quarter after the listing
Token Model
%
Token use
Mining
55%
40% oracle mining - will be mined out as block rewards to miners in the Berry oracle network;
15% liquidity mining - will be provided through liquidity mining
Ecosystem Fund
23%
will be used for partners to build the Berry project and its ecosystem as a Vault
IFO
16%
will be sold on Pancake IFO
Team
6%
will be used to build and incentivize team

Ecosystem Fund

Berry Data implements a 23 percent ecosystem fund. This revenue stream will be managed by the Berry team and utilized in the following ways:
☑ Incentivize token holding
☑ Incentivize data collection and validation
☑ Incentivize tech development and new open-source dApps
☑ Incentivize governance participation
Last modified 9mo ago