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coinsToken — Purpose & Protections

This section describes the purpose, risk protections, and distribution of the BasePerp token (BPERP). The token’s economic role is intentionally conservative during early phases and may evolve after audits, market feedback, and governance.

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9.1 Security Module & Slashing Bound

A rules-based Security Module can be activated to provide a limited backstop for clearly defined shortfall events—without socializing routine trading losses.

How it works. Participants may stake BPERP into the module. If a shortfall event that meets on-chain criteria occurs, a portion of the staked pool may be used to cover the deficit. Bounded risk. Slashing is capped by a public parameter, securitySlashCap, and any action proceeds through timelocked procedures with transparent notices. Recovery path. After an event, replenishment mechanisms (e.g., treasury allocations, temporary fee surcharges) follow published policies and timelocks.

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9.2 Utility — Discounts, Boosts, Access

Utility features are budgeted to avoid balance-sheet risk while improving user economics and participation.

  • Fee discounts. Qualifying stakers/holders may receive reductions to the win-based fee (via profitFeeRate), subject to per-epoch caps

  • Incentive boosts. Non-transferable XP multipliers for stakers, with ceilings disclosed per season.

  • Priority access. Early access to betas or advanced UI modules. These utilities do not confer rights to revenue, equity, or governance by default.

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9.3 Tokenomics

Total Supply: 6,400,000,000 BPERP (fixed at TGE). Unlock schedules are on-chain and transparent.

Allocation Table

Category

Amount of Tokens

Allocation

TGE Unlock

Cliff (mo)

Vesting (mo)

Public Token Sale

1 600 000 000

25%

15%

0

11

Liquidity Provision & Market Making

960 000 000

15%

5%

0

18

Core Team & Early Contributors

1 024 000 000

16%

0%

4

36

Growth Programs & Missions

768 000 000

12%

0%

1

24

Ecosystem Growth & Partnerships

768 000 000

12%

0%

3

24

Community Incentives & Referrals

768 000 000

12%

0%

1

18

Operations Reserve & Protocol Backing

384 000 000

6%

0%

1

36

Airdrop & Bug Bounties

128 000 000

2%

0%

0

12

Allocation Breakdown:

9.3.1 Public Token Sale (25% / 1,600,000,000 BPERP)

  • TGE Unlock: 15% of pool

  • Cliff: None

  • Vesting: Remaining 85% linearly over 11 months

  • Purpose: Fair public access with controlled circulation after launch

9.3.2 Liquidity Provision & Market Making (15% / 960,000,000)

  • TGE Unlock: 5%

  • Cliff: None

  • Vesting: Linear over 18 months

  • Purpose: Deep order books and stable trading across CEX/DEX

9.3.3 Core Team & Early Contributors (16% / 1,024,000,000)

  • TGE Unlock: 0%

  • Cliff: 4 months

  • Vesting: Linear over 36 months

  • Purpose: Long-term alignment and retention

9.3.4 Growth Programs & Missions (12% / 768,000,000)

  • TGE Unlock: 0%

  • Cliff: 1 month

  • Vesting: Linear over 24 months

  • Purpose: User acquisition campaigns and trading missions

9.3.5 Ecosystem Growth & Partnerships (12% / 768,000,000)

  • TGE Unlock: 0%

  • Cliff: 3 months

  • Vesting: Linear over 24 months

  • Purpose: Integrations, partner programs, and developer grants

9.3.6 Community Incentives & Referrals (12% / 768,000,000)

  • TGE Unlock: 0%

  • Cliff: 1 month

  • Vesting: Linear over 18 months

  • Purpose: Rewards for active traders, referrers, and loyal participants

9.3.7 Operations Reserve & Protocol (6% / 384,000,000)

  • TGE Unlock: 0%

  • Cliff: 1 month

  • Vesting: Linear over 36 months

  • Purpose: Sustainable operations and protocol resilience

9.3.8 Airdrop & Bug Bounties (2% / 128,000,000)

  • TGE Unlock: 0%

  • Cliff: None

  • Vesting: Linear over 12 months

  • Purpose: Recognize early users and security researchers

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