# $BASO

### Tokenomics

Baso Finance uses two tokens to manage its utility and governance:

* $BASO — ERC-20 utility token of the protocol
* $veBASO — ERC-721 governance token in the form of an NFT (non-fungible token)

$BASO is used for rewarding liquidity providers through emissions.

$veBASO is used for governance. Any $BASO holder can vote-escrow their tokens and receive a $veBASO (also known as veNFT) in exchange. Additional tokens can be added to the $veBASO NFT at any time.

The lock period (also known as vote-escrowed period, hence the ve prefix) can be up to 4 years, following the linear relationship shown below:

* 100 $BASO locked for 4 years will become 100 $veBASO
* 100 $BASO locked for 1 year will become 25 $veBASO

The longer the vesting time, the higher the voting power (voting weight) and rewards the $veBASO holder receives.

<table><thead><tr><th width="207.33333333333331">Allocation</th><th width="141">Amount</th><th>Comment</th></tr></thead><tbody><tr><td>OG Private Sale </td><td>10%</td><td>All unlocked after the private sale ends.</td></tr><tr><td>POL</td><td>6%</td><td>Locked in POL</td></tr><tr><td>Partner’s veBASO</td><td>25%</td><td>Distributed for our partners, Locked for two years.</td></tr><tr><td>Airdrop to various Solidly and other DeFi protocols’ veBASO</td><td>25%</td><td>Locked for two years</td></tr><tr><td>Team</td><td>18%</td><td>9% locked for two years as veBASO, ensuring the team can vote for the core pair initially. The other 9% will unlock linearly over two years, with a 2 month cliff.</td></tr><tr><td>Ecosystem Fund</td><td>16%</td><td>Fund that support projects aiming to accelerate Baso’s growth. Shortlisted projects will receive significant backing. This grant allocation is held under the Baso multisig wallet and subject to approval before use.</td></tr></tbody></table>


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