Tokenomics

This section describes the tokenomics of the native token of the Blitz Ecosystem, $BLITZ. As a token designed to embody the principle of decentralization within the ecosystem, it shall grant its holders proportional rights to participate in the Blitz DAO as well as to share in the revenues generated by the ecosystem. In doing so, Blitz aims to position itself as a self-sufficient and publically-owned decentralized exchange.

The sections below shall outline the token specifics as well as the genesis and long-term token distributions.

Token Specifics

Name: BLITZ TIcker: $BLITZ Contract Address: TBA Total Supply: 1,000,000,000 (1 billion) BLITZ Network: Ethereum Mainnet Transfer fees: 1% on all transactions, including buys, sells and transfers.

Token Distribution

Figure 1: Genesis $BLITZ Allocation

As can be seen in Figure 1, all BLITZ tokens will be initially distributed among five brackets, namely:

1) Liquidity Miners: 100,000,000 BLITZ(10.0%). To be distributed over the biggest liquidity providers to several selected trading pairs at the start of the Blitz Liquidity Mining event. More details about this event shall be announced later.

2) Team: 50,000,000 BLITZ(5.0%). To be distributed to the current team and Blitz's future employees and volunteers.

3) Investors: 100,000,000 BLITZ(10.0%). To be distributed to investors.

4) Airdrops: 100,000,000 BLITZ(10.0%). To be handed out to various recipients over several rounds of airdrops to eligible accounts. More details will follow when the first airdrops shall be announced. 5) Community: 650,000,000 BLITZ(65.0%). These tokens will be initially added as liquidity and subsequently locked on Uniswap v2 and Blitz, adding an equal amount each to both exchanges to ensure the token is fully available for trading on all existing infrastructure. From this graph it can also be concluded that at least 85.0% of the tokens will be available for trading in public decentralized exchanges following the completion of the Airdrop and Liquidity Mining events.