Utility and Treasury
Last updated
Last updated
$OFF
$OFF is the native utility token of the BlastOff product ecosystem.
Initially launched on Ethereum, it will later be bridged over to Blast. For the purpose of a future bridge, the token will be created using the Omnichain Fungible Token (OFT) LayerZero standard.
$OFF utilities were created to share value to the most active and loyal participants of the BlastOff ecosystem. To receive the benefits of $OFF utility, users must stake them, enabling their Blast Force Score.
YIDOs - Higher allocation, ability to manually participate in YIDOs
Native Blast Staking - Lower fees
YZone - Higher yield and lower fees
Governance - Vote on curating the YZone Vaults and the YIDO deal flow.
Community Incentives - Active participation will be rewarded via $OFF
Treasury Revenue Share - Treasury growth accumulation will be shared, with distribution geared towards users with higher Blast Force scores.
Available .
Treasury will be used to provide constant additional revenue to the $OFF stakers.
During the IDO, 10% of the funds raised will go towards the Genesis Treasury. Genesis Treasury fund will be staked towards the Blast Network.
After the $OFF IDO, the Treasury will capture:
Native Rebasing Yield
30% of YIDO Fees
50% of YZone Fees
100% of all future Airdrops.
Every Quarter, 30% of Treasury growth, meaning the delta between Treasury's Total Asset Value at the beginning of the Quarter to the end of it, will be airdropped to the top 10% of users with the highest Blast Force score.
In the case of Treasury dissolution or partial liquidation. 50% of all Treasury value will be distributed towards the top 50% of all $OFF Stakers.
$OFF tokens within the Treasury will be subject to a different rule set. They will not be counted as value in Total Asset Value calculations, and the available $OFF tokens will be burned in the case of dissolution or partial liquidation.
If you believe you could add strategic value to Blastoff, send an email to team@blastoff.zone