TRIO is the native BRC-20 utility token of the OrdinalsBot ecosystem, designed to enhance platform functionality and user engagement through various mechanisms. Understanding its total supply and circulating supply is crucial to grasping the token’s economic model.
Total Supply of TRIO Tokens
- Fixed Total Supply: The total supply of TRIO tokens is fixed at 21,000,000.
- Indivisibility: As a BRC-20 token, each TRIO token is one satoshi—the smallest unit of Bitcoin. This means TRIO tokens are indivisible, and the smallest unit is 1 token.
TRIO Token Allocation
The TRIO token allocation is designed to balance the interests of the internal team, investors, and the community, while driving the long-term development of the OrdinalsBot ecosystem. The specific allocation ratios are as follows:
- Team: 13.5% (2,835,000 tokens)
- Advisors: 1.5% (315,000 tokens)
- Private Round Investors:
- Private Round 1: 9.6% (2,016,000 tokens)
- Private Round 2: 9.2% (1,932,000 tokens)
- Treasury: 28.2% (5,922,000 tokens), consisting of an immediately unlocked portion (10%) and a deferred unlock portion (18.2%).The Treasury’s goal is to drive the future development of the TRIO and OrdinalsBot ecosystems, and it plans to make the spending process transparent to token holders and subject to the governance process.
- Airdrop: 6.5% (1,365,000 tokens)
- Reward Programs: 25.0% (5,250,000 tokens)
- Holding Rewards: 5% (1,050,000 tokens)
- Public Sale: 1.5% (315,000 tokens), to be held in April 2024 at a price of $1.90 per token.
Overall, the token allocation can be categorized as follows:
- Public Access: 38.0% (including public sale, airdrops, and incentives)
- Insiders and Private Sale: 33.8% (including the team, advisors, and private sale investors, with a 19-month weighted average lock-up period)
- Treasury: 28.2%
TRIO Token Circulating Supply
As of early July 2024, there are differing data sources regarding the circulating supply of TRIO tokens. Some platforms show the circulating supply as 0 or lack sufficient data. However, other data indicates a circulating supply of 21,000,000 tokens, which is equal to the total supply. This discrepancy may be related to the actual unlocking of tokens and the timeliness of market reporting. Since the token allocation includes a lock-up and release schedule, the circulating supply changes dynamically over time.
Uses of the TRIO Token
The TRIO token serves multiple practical functions within the OrdinalsBot ecosystem:
- Fee Discounts: Users receive a 20% discount when paying for OrdinalsBot products and services with TRIO.
- Governance: TRIO holders can participate in community governance by providing input and voting on key decisions regarding the platform’s future.
- Action Rewards: Contributing to the community—such as through community engagement, content creation, or testing—earns TRIO rewards.
- Holding Rewards: Holding TRIO tokens entitles holders to monthly rewards similar to staking.
The OrdinalsBot team plans to explore the integration of the TRIO token with the “Bitcoin” Layer 2 solution in the future to enable more advanced staking and governance features.
