What are the $BEEF tokenomics?

There are a total potential supply of 888,888,888 $BEEF.

The token distribution is as follows:

• 15% private pre-sale (concluded 30 June 2018) to project supporters. These tokens are escrowed, with no locked in release date;

• 15% allocated as Community Partner Tokens. This takes the form of general release (subject only to the Guidelines above) and in some circumstances in the form of Restricted Escrow Partner Tokens;

• 40% held by BeefLedger directors, founders, and associates; and

• 30% retained by BeefLedger to fulfill a Lender of Last Resort function within the ecosystem.

How are the Partners and Restricted Escrow Tokens vested?

BeefLedger is committed to designing and building a sustainable token economic ecosystem that enables data valorisation and delivers on its broader objectives of supply chain sustainability, vitality, fairness, and the pursuit of excellence. Partner tokens have been provided for, so that ecosystem development partners can contribute to the ongoing vitality of the supply chain ecosystem in a responsible manner.

We are mindful to militate against token speculation that can harm the ecosystem, especially during its formative period. As such, the issue of tokens to development partners will take place under strict conditions, governed by either the Partner Token Agreement or a Restricted Escrow Token Agreement. The Restricted Escrow Token Agreement will require an “escrow period” upon receipt of tokens.

During the escrow period, inter alia, the holder will not do any of the following:

1. Dispose of, or agree or offer to dispose of, the restricted token

2. Create, or agree or offer to create, any interest in the restricted token

3. Do, or omit to do, any act if the act or omission would have the effect of transferring effective ownership or control of the restricted token.

All partner token holders are required to abide by the guidelines on responsible $BEEF Token ownership.

How will BeefLedger act as a Lender of Last Resort?

A Lender of Last Resort Function may be called into play in the event that ceteris paribus, there is insufficient liquidity in the market at a reasonable price to enable the smooth movement of beef throughout the supply chain. In fulfilling a Lender of Last Resort Function, the additional tokens injected will not be part of the permanent circulation volume of tokens, but would be provided at a cost (effectively an interest) to the borrower(s).