# Biop Tokenomics

As the core of Biop, Biop issued BIOP token based on BRC-20 protocol on Bitcoin network, total supply: 21,000,000, which will be used for Biop decentralized governance. $BIOP token will be distributed to all individuals, teams and institutions that contribute to Biop, including developers, users, ecosystem projects, investors, Sequencers, Validators, Biop Chain participants, etc. At the same time, we have set a reasonable lock period and release period for the allocated tokens.

<figure><img src="/files/GAUR6F1x34QLzGr4RsGs" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/pGmISMDhr2YNtUrBcCUZ" alt=""><figcaption></figcaption></figure>

IDO: 3.24%, the fund raised will be used for development and operation, all tokens have been released.

Investors: 16.76%, for investors, so that more institutions can participate in Biop and contribute to the development of Biop. It will be unlocked after 6 months and then will be released linearly in next 24 months.

Core Contributors: 19%, used to reward individuals and teams who have contributed to Biop, unlocked after 6 months, and then released linearly in next 42 months.

Foundation: 10%, used for the operation of Biop Foundation, no lock period, released linearly in 48 months.

Community: 51%, Biop allocated most of the BIOP tokens to community for users, ecosystem projects, Sequencers, Validators, Biop Chain participants, etc. The initial release is 5.1%, and the remaining 45.9% will be released linearly in 48 months.

The estimated circulating supply of BIOP Token is shown in the figure below.

<figure><img src="/files/V15rBYgrvVZERWopRAtp" alt=""><figcaption></figcaption></figure>


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