🪙Got $BALLS?
Big Balls Capital’s tokenomics are crafted to reward those who have the Balls to stick with the protocol through crypto market volatility while maintaining a strong treasury foundation to grow exponentially over time.
$BALLS: The main protocol token, representing a share of the treasury and capable of being staked for rewards.
Initial Supply of 10,000,000 $BALLS
The design of the protocol is to incentivize long term holding of $BALLS and effectively leverage the volatility and overwhelming hype/growth potential of memes and AI coins
Treasury growth from coin mania will cause a flywheel of Bonding (further increasing treasury) and buy pressure of $BALLS to catch up with the backing
$BALLS supply inflates while rebasing is active please see Staking for more info on the rebase mechanic that increases the supply and rewards stakers for securing tokens and creating a position in $bigBALLS
Team is allocated 10% of the initial supply used for expenses, marketing, pay, bribes and will be staked
$bigBALLS: The staked version of $BALLS, growing automatically via compounding daily and representing a committed stake in the protocol’s future.
Staking $BALLS for $bigBALLS ensures that your share of the treasury is maintained or grows over time, this is in comparison to simply holding $BALLS which results in your share being diluted by $bigBALLS holders over time
How big are your balls anon
Big Balls Capital Fees:
Sell Tax: Up to a 10% tax on sales
This is to prevent of rebase exploitation (i.e. buying before rebase and selling after)
Deters Jeets with no balls from constant selling and rewards holding and staking $BALLS
Taxes will be used for the benefit of the protocol (i.e. bribing on Aerodrome to incentivize a gauge)
Deflate circulating supply and enable the ability for treasury to create more Bonds without inflation of supply increasing treasury relative to supply
Tax can be reduced from 10% and maybe removed depending on market conditions
Redemption Fee: A 0-10% fee applies when redeeming $BALLS for the underlying treasury assets, ensuring stability and alignment with the protocol’s vision.
Initial redemption fee is 5% to ensure treasury growth and will be adjusted to align with the health of the protocol to keep the treasury strong. Fee can be reduced to 0 in the future.
Holding and staking $BALLS gives a direct ownership of the treasury that can be redeemed for the underlying assets, this directly creates a floor price of $BALLS which it cannot go below
In the two weeks of launch no redemptions will be active so the treasury can build and positions can be made, $BALLS can be sold on market if you wish to exit at this time
$BALLS are burnt during redemption deflating supply
All Fees will be disclosed and any changes will be announced
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