Recently, we finished bemo’s incentive program, marking a significant milestone in our journey. Over the past year, users have accumulated stXP, which will soon be convertible into BMO tokens.
As we were preparing for the token launch during the last months, the bemo team has focused on adapting to market trends and developing a product that benefits our community. Our goal is clear: to make the BMO token both functional and valuable.
The TON ecosystem is rapidly expanding, which is increasing demand for infrastructure projects that focus on restaking, enhanced interoperability, and cross-chain solutions. As an infrastructural project aligned with these trends, bemo is completing preparations and plans to launch the BMO token in Q1 2025. Functionality, solid tokenomics, and reliable partnerships are top priorities for the team and this strategic move ensures that we are fully equipped to capitalize on these developments.
What Happens to stXP?
Users received about 1.8 billion stXP during the incentive program. This figure is now fixed, marking the final distribution pool. These tokens have been tokenized and transferred to user wallets, giving everyone the freedom to trade or hold them as they see fit.
As promised, 10% of the total BMO supply will be allocated to stXP holders. Conversion Feature: Each user will be able to convert their stXP into BMO tokens via the bemo apps using a special smart contract.
Ample Time: stXP holders will have six months to complete the conversion, ensuring everyone has enough time to take advantage of this opportunity.
BMO Token Distribution
The total supply of BMO tokens is planned to be fixed at 100,000,000, with no inflation. Here's how the allocation breaks down:
- 10% of the supply is allocated to stXP holders, bemo initial stakers, making them the first and only ones to receive BMO tokens.
- Over half of the BMO tokens will be dedicated to community and project growth. These funds will support incentive programs, reward active users, and foster collaboration with teams working alongside bemo.
- The remaining portion is allocated to the bemo team and key partners, with cliff and vesting schedules in place. This structure rewards contributions while creating a strong, sustainable foundation for the project.
The detailed allocation is to be disclosed by the TGE time.
Purpose of BMO
The primary goal of launching BMO is to drive decentralization and involve the community in shaping the project’s future. We believe that meaningful progress in the crypto industry is only possible through a dedicated community.
Over time, BMO tokens will play a growing role in the project’s development. Token holders will help shape the project’s direction.
One approach to making the protocol more attractive is a discount mechanic, closely tied to reward redistribution. Under this method, part of the protocol rewards could be shared with TON stakers who also stake BMO, offering reduced platform fees.
Incentives for Liquidity Providers. A share of protocol rewards, denominated in TON, could be allocated to BMO liquidity providers in BMO/stTON liquidity pools on the bemo platform.
We are also working on the research for the new native features for bemo where BMO will play a key role.
The bemo team continues to refine the BMO token’s utility, and the final details will emerge over time. As the TON ecosystem develops in the next 6–12 months, the community and team may unveil additional uses for BMO.
The Future of bemo
Looking ahead to 2025, the bemo team has ambitious plans to expand and innovate in several areas:
DeFi Lego. We are working to broaden stTON’s integration throughout the TON ecosystem and exploring cross-chain solutions to extend its use beyond the TON blockchain.
External Validators. We are partnering with top-tier validator providers to improve service quality, decentralization, and grow TVL.
Institutionals. While still serving retail users, bemo is developing institutional-grade solutions to attract large funds and major TON holders.
Infrastructure. We are actively R&D’ing for infrastructure expansion, which includes MEV opportunities, liquid restaking, and a transaction prioritization marketplace within the TON ecosystem.
Conclusion
bemo is shaping the future of DeFi on TON, blending innovation with community-driven growth. With a clear vision and robust plans, we’re building a platform that empowers users, fosters decentralization, and unlocks new opportunities for stTON and BMO.
The journey has just begun, and the best is yet to come.
The Token Generation Event is coming soon!
