Bware Labs is a new startup in the Crypto ecosystem, founded to address what we see as a gap in the current interactions between DeFi platforms, exchanges and wallet providers.
Dec 12, 2023 00:00:00
Dec 30, 2023 00:00:00
ICO Details
What Is Bware Labs?
Bware Labs is a new startup in the Crypto ecosystem, founded to address what we see as a gap in the current interactions between DeFi platforms, exchanges and wallet providers. On one hand, the currently available commercial solutions to obtain an Ethereum endpoint are costly and centralized, on the other hand, the option of creating and maintaining your own virtual machine is technically challenging and time-consuming.
Therefore, we want to provide a solution for bringing together Node Providers and End-Users in a decentralized, user-friendly platform. This brings about new opportunities for DApps developers, wallet providers, centralized and decentralized exchanges and even business intelligence for blockchain organizations and analytics companies.
Bware Labs Unique Features
- Increased performance and response rate
Scaling is simply done by allowing more Node Provides into our network. Good node behavior is enforced within our protocol by performing periodio checks and applying coarcive measures for nodes that under perform, like slashing staked token for exclusion from the network
- Not limited to the Ethereum Network
Building and deploying your own node to get API access to various blockchains can prove time – consuming. Some nodes take more than one day, uo to couple of weeks to sync and be really useful. By choosing our platform you get instantaneous access to the blockchain data through the endpoints we provide, with a guaranteed fully synced status.
- No syncing time
- No technical expertise or maintenance required
Roadmap
Bware Labs Token Economy
- Delegations
Other users can delegate to a node provides from our Decentralized API platform in order to earn a percentage of their profits.
- Staking
Node providers must stake tokens in order participate in our Decentralized API Market place.
- Validatorsupported liquidity
The rewards received from the company validators will be used to enhance token liquidity.
- Governance participation
The governance mechanism for future development initiatives and improvements of the Decentralized of the Decentralized infrastructure Protocol relies on Bware token holders.
Detailed Token Metrics
17.5M tokens were sold in a Private Investment round at 0.07 USD per token with 20% token unlock at TGE, and with the rest linearly unlocked, starting with 3 months after TGE, until 12 months after TGE.
2.5M tokens will be sold in a Public Investment round at 0.09 USD per token, fully unlocked at TGE.
Token Distribution
The generation of the initial circulation supply starts by unlocking the A section tokens in June 2021.
The Initial circulation supply starts with 6,200,000 tokens and is composed of:
- Private sale allocation
- Public sale allocation
- Advisors allocation
If we take into consideration the Liquidity that will be added, the Initial Circulating Supply starts with 11,200,000 tokens (6,200,000 tokens as above plus 5,000,000 tokens equivalent in Dex Liquidity).
Token Release Schedule
The following graph displays the Initial circulation supply creation in a 2-year-long horizon, featuring all token allocation unlocks; starting from the Token generation event (TGE), which is expected to take place in June 2021, up to June 2023.
Although we present the quarterly unlock in the below tables, the Tokens are linearly unlocked each day, meaning that roughly 1.1% of the quarterly amount are unlocked each day.
Partners & Advisors
Updating…
Team Members
Investors
ZBS Capital, Avalanche, Morningstar Ventures, GBV Capital, Ascensive Assets, MOONROCK CAPITAL, Vendetta Capital, Ankr, Spartan Group, Waterdrip Capital