Bubblemaps – the famous on-chain analytics and visualization platform – has officially launched its native token called BMT, deployed on both Solana (SOL) and Binance Smart Chain (BNB). This token will serve as the main driver for Intel Desk, the on-chain investigation platform that Bubblemaps plans to announce in early 2025, aiming to enhance transparency and accountability in the cryptocurrency space.

Controversy from day one of launch

Upon release, BMT attracted attention not only for its potential but also due to controversies. The visual tool from Bubblemaps itself shows that at the time of launch, wallets linked to the deployer wallet held up to 94% of the supply on Solana. This led the community to question whether this is an 'exit scam' or if the deployer wallet has been compromised.

In response, the Bubblemaps team quickly clarified: these figures only reflect the announced tokenomics mechanism. Specifically, about 86% of the initial Solana supply was held at the deployer wallet, but in reality, these tokens were always intended to be transferred to the Vesting Contract Operator wallet – where the token allocation will be gradually disbursed according to a vesting plan over four years.

BMT Tokenomics

The supply of BMT is fixed at 1 billion tokens, with the following detailed allocation:

  • 26.3%: allocated for the ecosystem, primarily to support Intel Desk incentives.

  • 24.3%: allocated for early investors.

  • 22.2%: allocated for future community airdrops.

  • 12.2%: for liquidity provision.

  • 9%: for the development team.

  • 6%: for protocol development.

At the time of launch, only 27.05% of the supply was in circulation. According to CEO Nick Vaiman, the team is testing the vesting wallet before transferring the entire official allocation. After this phase, the tokens will be gradually vested to ensure long-term stability.

'Gatekeepers' are also scrutinized

What the community criticized Bubblemaps for is not only the concentration of supply but also the 'paradox'. For many years, Bubblemaps has built an image as a watchdog in the industry, continuously exposing projects with opaque token allocations. The fact that they launched BMT with a large portion of the supply concentrated in a few wallets led many to question their consistency.

However, the Bubblemaps team argues that the important factor lies in intent. Scam projects often hide information or intentionally deceive investors, while Bubblemaps has openly shared tokenomics, vesting plans, and allocation roadmaps from the beginning. According to CMO Cecilia Dahlberg: 'Transparency and deception are two completely different matters. Intent is what matters most.'

Comparison with the industry

Looking broadly, Bubblemaps is not an exception. Major blockchains like Solana and Avalanche also had high initial supply concentration before gradually distributing it according to the vesting roadmap. This is a common approach to ensure sustainable development, encourage long-term commitment from the team, and avoid liquidity shocks.

Utility of BMT: More than just a speculative token

The uniqueness of BMT lies in its practical utility within the Bubblemaps ecosystem. In Intel Desk – a platform set to launch in early 2025 – BMT will play the role:

  • Governance: Holders have the right to propose and vote on on-chain investigations.

  • Rewards: Investigators and collaborators who contribute data and evidence will be rewarded with BMT.

  • Community incentives: Create a crowdsourcing mechanism to collectively identify suspicious wallets, tokens, and events.

Thus, BMT is not merely a speculative token but could become one of the governance tokens with the highest practical utility in the industry.

Conclusion

The launch of BMT has shown two sides of Bubblemaps: a great opportunity to build a decentralized investigative community, but also a challenge regarding transparency and trust. Despite the controversies, if Bubblemaps truly implements the roadmap correctly and turns Intel Desk into a useful tool, BMT has the potential to become a foundational token for on-chain investigation in the future.

♡𝐥𝐢𝐤𝐞💬 ➤ #Bubblemaps @Bubblemaps.io $BMT