Proposal: BLID token burning & allocation

Authors: Vanilla#2222
Date Created: 17/05/2023
Date Posted: 17/05/2023


As per Bolide tokenomics, the $BLID token has a burn mechanism that Bolide must adhere to.


We have calculated all the earned $BLID tokens as a portion of the fees Bolide deducted from the yield generated for retail investors. According to our tokenomics, we are required to burn 80% of that amount, which is equal to 7 million $BLID tokens.

To ensure Bolide remains attractive, we have a group of private angels and whales who support Bolide in their respective areas of expertise, such as trading, farming, and asset management.

We highly value their contributions and request the Bolide community to grant $BLID token allocations to some of our angels.


This proposal is part of our primary mission — speed and security of profit generation enabled by crypto assets.


Scope of work to include but not necessarily limited to the following:

$BLID token burning


Evaluating all costs, the team requests to allocate 3.255 million $BLID tokens to our advisors from the Company wallet.


Yes – If this proposal passes, Bolide will follow the proposed usage of funds as described above.
No – If this proposal rejects, it will go back for further discussion to align on the required changes before the updated proposal is re-sent for review.

1 Like

Yes – to Bolide follow the proposed usage of funds to use its token burning mechanism