From the very beginning, we strive to be as transparent as possible with our community. We believe this is the basis for Beast Meme longevity and prosperity.
Token Inception
Total Supply Minted
Token Ownership Renounced
The importance of this step lies in the fact that, by renouncing token ownership, no one, not even the creator of the token, can increase token supply.
In the case of $XBM, this means that there can be no more than 1 billion tokens, all of which have already been fully minted.
Raydium LP Tokens Burned
Right after the XBM-USDC pool on Raydium was created, the redemption tokens for the newly deposited liquidity were burned forever. Burned liquidity cannot be moved, pulled out, or managed. This ensures that the $XBM ecosystem always has underlying liquidity.
Meteora MLP Tokens Locked
Due to the technical implementation of liquidity pools on Meteora, MLP liquidity tokens have been locked up for 50 years. Locked liquidity cannot be moved, pulled out, or managed. This ensures that the $XBM ecosystem has underlying liquidity while the locker is active.
Treasury Tokens Vested
Thanks to our roadmap, we are sure that we will never need all the treasury tokens for at once.
That's why, to further stabilize the ecosystem, we decided to opt for a 1-year linear vesting period for treasury tokens.
Team Tokens Vested
Each of early contributors remains committed to the Beast Meme's long-term success, and this is reflected in the 2-year linear token vesting period.
Treasury Wallets
Treasury funds are intended to be spent on marketing, strategic development and partnerships, giveaways and rewards for pushing up the Beast Meme's boundaries. Below are treasury wallets to further increase transparency and community control over the intended use of tokens:
Treasury Expenditure Report