We are ready to release the Mainnet 1.0 based on cosmos-sdk v0.39

  • Governance
  • Staking
  • IBC
  • NFT
  • FTO (Fan Token Offering)

Road to Mainnet 1.0

  • Launch BitSong Testnet 4 with cosmos-sdk v0.39.0
  • Renew our website with complete and useful information
  • Publish the updated Whitepaper where we describe the enteire project
  • Adjust ERC20 Supply
  • Distribuite the remaining tokens
  • Start Swap from ERC20 to Native
  • Genesis generation
  • Collect gentxs for mainnet
  • Pre-Launch public cerimony
  • Mainnet 1.0 Launch

ERC20 and Liquidity Pool

In the meantime we still have the ERC20 token, users who want to partecipate to the staking and governance can swap the token from ERC20 to native token before the launch.

  • OKChain for the native token

Token Distribution

As we described in a previous post, the Total Supply is 116.420.850btsg

  • Reserve Fund (20%) — 23.284.170
  • Team (15%) — 17,463,128
  • Marketing&Partnerships (7%) — 8.149.460
  • Advisor (5%) — 5.821.043
  • Bounty Contest (2%) — 2,328.417
  • Airdrop Contest (1%) — 1,164,209
  • 60% Team funds (10.477.876btsg)
  • Move the “Marketing & Partnerships” fund to the “Community pool” (is a pool on our blockchain, where the governance must open and vote a proposal before to unlock a part of the fund) (8.149.460btsg)

About BitSong

BitSong is an open source blockchain born in December 2017. Our mission is to simplify the music bureaucracy as much as possible, make the artists independent and facilitate the management of royalties.

A Blockchain Ecosystem to Empower the Music Industry (https://bitsong.io)