BACK Token

BACK

BACK is the governance token in BACK protocol. It is used to incentivize users that contribute to the adoption of BACK protocol, including (but not limited to) users engaging in activities like yield farming, keeping a smooth running of the protocol and governance participation. For instance, yield farmers and lenders are rewarded for their lending and borrowing activities that promotes the adoption of BACK protocol.

BACK protocol will continue to innovate and design more products in the area of DeFi. BACK token holders can propose key protocol parameters and suggestions on product interoperability and make decisions. BACK token is on its way to become a highly efficient tool to incentivize participants in the community for their involvement and perpetuation of BACK ecosystem.

Distribution

BACK Token

A total supply of 200,000,000

• Liquidity mining 144,000,000 ($72\%$)

• Boardroom (DAO) 20,000,000 ($10\%$)

• Team 15,000,000 ($7.5\%$)

• Market 8,000,000 ($4\%$)

• Private Equity 8,000,000 ($4\%$)

• Reserved for IFO or airdrop ($2.5\%$)