Article Summary, Automatically Generated By AI
About BIM
-
What is BIM?
- BIM is the governance token of the BIM DAO.
- BIM token holders receive voting power in the BIM DAO.
-
Who Are the Founders of BIM?
- The BIM project was founded in August 2022 by Léo Pestre and Damian Py.
-
What Makes BIM Unique?
- The BIM Token is the governance token for the team and its objectives.
- Token holders have the right to vote on important governance decisions.</li
About Binance Intelligent Mining (BIM)
What is Building Information Modelling (BIM)?
The BIM token serves as the governance token of the BIM DAO, empowering its holders with voting power within the BIM DAO, which exercises oversight over all facets of the protocol, including the BIM Exchange.
The value and rarity of a BIM are intrinsically tied to the cumulative activities and revenue streams generated by the BIM DAO, which collectively influence its worth and scarcity.
The Visionaries Behind Binance Intelligent Mining (BIM): Meet the Founders
The BIM project was conceived in August 2022, the culmination of an audacious vision spearheaded by Léo Pestre and Damian Py.
BIM’s overarching objective was unequivocal from its inception: to establish a comprehensive ecosystem that seamlessly integrates blockchain technology into the real economy, thereby fostering innovation and development among startups and SMEs. This vision was underpinned by the unwavering conviction that blockchain possesses the transformative potential to drive reindustrialization and valorize expertise.
BIM’s strategic pivot towards decentralization marked a pivotal milestone in its evolution. The group expanded its scope to develop a comprehensive ecosystem revolving around its governance token, BIM. This transformative shift has spawned a diverse array of services and utilities for the token, thereby enriching its ecosystem and fostering a more robust and dynamic environment.
Unveiling the Unparalleled Attributes of BIM
The BIM Token serves as the governance token, unifying the team and its objectives. As the central asset, it forges a connection among all BIM project stakeholders, thereby perpetuating the virtuous cycle of value creation that BIM was designed to foster.
The token’s utility is multifaceted, offering dual benefits: firstly, it grants holders the privilege of participating in pivotal governance decisions through voting rights. Additionally, a designated portion of the revenues generated by the BIM Exchange protocol is allocated towards incentivizing token holders, with regular disbursements of rewards.
The Circulating Supply of BIM Coins: An Overview
Similar to numerous digital assets, the issuance of BIM tokens is limited to a predetermined quantity. The total supply is capped at a fixed 314 million BIM tokens, ensuring a scarce and valuable resource.
Out of a total of 314 million tokens, a mere 6 million will be allocated to liquidity providers for listings on both centralized and decentralized platforms. Notably, a significant 89% of the tokens were burned subsequent to a [DAO vote](https://snapshot.org/#/daobim.eth/proposal/0x7c07b763722c3393563729d2fa43eab6de9b85afeea88f7dccf16b864667d26a).
Ultimately, a reserve of over 22 million BIM tokens is earmarked for community governance incentives, while the remaining 10% allocation is designated for future team members.
The precise BIM issuance rate is subject to fluctuation over time, as it can be adjusted by the community through a governance proposal, which can be initiated and voted on via the [community governance] (https://snapshot.org/#/daobim.eth) platform.
The Security Architecture of the BIM Protocol: A Robust Framework
Empowered by the Polygon blockchain, the project is fortified by a proof-of-stake (PoS) consensus mechanism, which ensures a secure and decentralized network. Validators participating in the network stake their MATIC tokens as collateral, thereby becoming integral components of the PoS consensus mechanism, and in return, receive MATIC tokens as a reward.
Acquiring BIM: A Comprehensive Guide to Purchasing Options
BIM has garnered listings on prominent cryptocurrency exchanges, where it is paired with a diverse range of tokens on centralized platforms, including BIM Exchange, BIM Exchange Argentina Dex-Trade, Tapbit, and P2B, among others. Furthermore, it is also accessible on decentralized exchanges, such as Uniswap.
Associated Resources
Delve into the world of Polygon, a pioneering Ethereum scaling solution designed to elevate the decentralized ecosystem.
Delve into the intricacies of the ERC-721 token standard, demystified by CMC Glossary.
Stay abreast of the latest developments in the industry by following our blog, where we provide timely updates on news and events that shape the landscape.