Recently, the Solana ecosystem shared computing protocol Bless released a highly anticipated announcement on its official X platform, reserving 10% of the BLESS tokens for the upcoming mainnet launch. This move undoubtedly dropped a bombshell in the crypto circle, attracting close attention from numerous investors and professionals.
In this disclosure, Bless elaborated on a series of plans prior to the launch of its mainnet. In Chapter 0 phase, the official will issue 100 million TIME tokens, which account for 8.5% of the total BLESS supply. Additionally, 1.5% of the BLESS tokens have been reserved for exchange listing budgets to ensure sufficient preparation for the circulation and trading of BLESS on major exchanges in the future.
In-depth understanding of Bless's ecosystem reveals its unique TIME and BLESS dual-token model. Among them, TIME serves as the user incentive token, with a seasonal activity cap set at 100 million tokens. Users can earn TIME rewards after each Epoch by contributing to the ecosystem through running Bless nodes, writing tutorials, building applications, and other activities. Subsequently, they can choose to immediately exchange TIME for BLESS or lock it for a certain period to obtain more BLESS. The exchanged TIME will be destroyed to ensure the deflationary characteristic of the token. BLESS, as the core token of the protocol, has a fixed total supply of 10 billion tokens. It can not only be obtained through exchanging TIME but also used for staking, participating in ecosystem governance, and running nodes, among other important uses.
It is worth mentioning that Bless's official also revealed its unique token value capture mechanism. Under this mechanism, 90% of Bless's revenue will be used to repurchase and destroy BLESS, which will directly reduce the circulation of BLESS in the market, thereby enhancing its scarcity and value. The remaining 10% of the revenue will go to the treasury to support the long-term development of the ecosystem, such as incentivizing more developers to engage in Bless ecosystem construction, promoting technological research and innovation, etc.
Further exploring the economic model of the BLESS token, its distribution structure is extremely detailed. Among the total supply of 10 billion tokens, investors account for 16.25%, providing strong financial support for the project's early development and ongoing operations; the team holds 15%, ensuring that team members' interests are closely tied to the project's long-term development, motivating them to continually strive for the project's success; advisors account for 3%, leveraging the experience and resources of industry veterans to provide professional advice for the project's strategic planning and technological development; the ecosystem and foundation account for 20.75%, aimed at building a complete and prosperous ecosystem to attract more participants; the airdrop portion accounts for 10%, rewarding community users in this way to enhance user participation and loyalty to the project; community incentives account for as much as 35%, fully reflecting Bless's emphasis on community building, encouraging community members to actively contribute to the ecosystem and jointly promote project development.
For participants in the crypto circle, the recent announcement by Bless regarding the mainnet launch preparations and details of the token economic model undoubtedly provides an excellent opportunity to gain insights into the project. Whether one is optimistic about its unique shared computing protocol prospects or interested in the investment potential of its dual-token model, it is essential to closely monitor the progress of the upcoming mainnet launch and changes in market dynamics. In this market filled with opportunities and challenges, Bless may quietly become an emerging force that cannot be ignored, bringing new opportunities and experiences to investors and users.
