Bloc Token
The Utility Token Of Bloclance
Bloc Token (BLOC) is the native utility token of the Bloclance ecosystem, designed to facilitate transactions, governance, and incentive mechanisms on the platform.
BLOC is an essential component of Bloclance’s decentralized freelance marketplace, providing a secure and efficient way to engage in platform governance.
Utility of Bloc Token (BLOC)
BLOC is designed to support various functions within the Bloclance ecosystem, creating a seamless experience for both freelancers and clients. Its key utilities include:
Governance: Holders of BLOC tokens can participate in the DAO (Decentralized Autonomous Organization) to vote on key platform decisions, such as protocol upgrades, fee structures, and new feature implementations.
Staking & Validator Participation: BLOC token holders can stake their tokens to become validators in the platform’s dispute resolution system. Validators play a crucial role in resolving disputes between clients and freelancers, earning rewards in BLOC for their participation.
Rewards & Incentives: Freelancers and clients can earn rewards in BLOC for platform engagement, completing jobs, or providing positive feedback, further enhancing the platform’s ecosystem.
Use Cases of Bloc Token (BLOC)
Dispute Resolution: In case of disputes, BLOC is staked by validators who help resolve conflicts, ensuring a decentralized and transparent decision-making process.
Access to Premium Features: Users can utilize BLOC to access premium platform features, such as priority job listings, advanced contract management tools, and more.
Tokenomics
The total supply of BLOC tokens is strategically allocated to ensure the long-term growth and sustainability of the Bloclance platform.
Here is the breakdown of BLOC's token distribution:
Presale (50%): Half of the total supply will be sold through multiple presale stages, ensuring early investors and the community have access to the token. This allocation helps fund the development and expansion of the Bloclance ecosystem.
Marketing (15%): A portion of BLOC tokens is allocated to marketing efforts, including promotional campaigns, partnerships, and community engagement initiatives to grow the Bloclance user base.
Team (15%): The founding team and key contributors will receive a portion of the total token supply. These tokens are subject to a vesting period to align the team’s interests with the long-term success of the platform.
Liquidity (8%): Liquidity for decentralized exchanges and other platforms will be provided to ensure smooth trading and high market liquidity of BLOC.
Treasury (12%): A portion of tokens will be held in the treasury to support future development, expansion, and unforeseen expenses, ensuring the platform’s ongoing growth and stability.
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