What is the BARD token? The BTC restaking project in collaboration with Babylon Lombard
Lombard has announced details about BARD, the native token of the protocol, with the goal of becoming the foundational infrastructure for on-chain Bitcoin, enabling trillions of USD worth of Bitcoin to move seamlessly in the digital economy.
Lombard aims to become the core infrastructure for Bitcoin, similar to CME with commodities, SWIFT with payments, or Tether/Circle with stablecoins. BARD is an economic coordination mechanism that supports growth, governance of the protocol, and provides access to Lombard's products.
Token name: Lombard
Symbol: BARD
Total supply: 1,000,000,000 BARD
Circulating supply at TGE: 225,000,000 BARD
Allocation
Ecosystem: 35%
Liquid Bitcoin Foundation: 20%
Early investors: 20%
Core team: 25%
BARD is not just a token but also the foundation for the on-chain Bitcoin ecosystem, with the distribution model and utility designed to promote sustainable and long-term growth.
