Introducing Bridge DAO

Are you an active Multichain user? Claim your BRDG tokens here!

What Is Bridge DAO?

Bridge DAO’s purpose is simple: to be the leading incubation hub for cross chain innovations, launched as a decentralized autonomous organization with a free and fair initial distribution. The eligible wallets form a broad union between the most active users across L1/L2 solutions, giving Bridge DAO the potential to be the most dynamic and impactful communities in the history of Web3 — The Potential is Endless.

BRDG Distribution and Tokenomics

BRDG is the ERC-20 governance token for the Bridge DAO. Holders with 1B BRDG will be able to submit proposals, described in more detail in an upcoming post on governance, delegation, and the role of off-chain snapshots. Holders with at least 1.08M BRDG, the minimum claimable amount, will gain access to the @bridge-holder role in the Discord.

Distribution:

1 Trillion Total Supply

  • 55% airdropped to 327,527 eligible wallets based on number of the number of chains interacted with:

    • Minimum of 2 chains

  • 30% Reserved for the DAO Treasury available immediately

  • 10% Reserved for liquidity provider incentives available immediately

  • 5% Reserved for core contributors and other smaller contributors with the following vesting schedule:

    • 50% Vesting linearly in a Timelock Contract over 6 months

    • 50% available immediately

    • Core Contributors will never vote with their bridge, only provide proposals

You have until Feb 5th 2022 to claim your BRDG Tokens. Any unclaimed tokens will be swept into the Bridge DAO Treasury or a Developer Grant Fund to support new projects, based on community decision.

Bridge DAO Next Steps

In the coming days, Bridge DAO will publish posts outlining the governance structure for Bridge DAO and the DAO roadmap. In the meantime, go claim your allocation by visiting our claim website, get involved by joining the Discord, and support us on social media by engaging with the Twitter.