Bao Finance Price Chart (BAO)

Bao Finance (Symbol: BAO) is a token of Bao Finance. Bao Finance is in alpha, it is unaudited and was originally developed by a one-person self-taught team. While we are in the process of scaling the team, please understand the risks and use this product accordingly. It's like SNX + Aave, but for Uniswap, SushiSwap and Balancer. Rather than re-invent the wheel Bao creates new features for existing protocols. The BAO token acts as a governance token for the fully community run project. It is also backed by the insurance fund where all Bao fees go. While the community will have the ability to vote to change the caps of the token, the current plan is for BAO to produce a maximum of roughly 1.5T tokens over 5 years. The total tokens is not a hard cap, as we close in on distribution it will be up to a community vote to cap the tokens. There will be a total distribution of 1T tokens. When a user earns tokens 95% of that token balance is locked on to a 3 year vesting cycle that is 1 year delayed. This means a user will receive 5% of the earned bao upfront, then starting one year later they will receive the remaining 95% of bao evenly distributed day-by-day for 3 years. While the initial earning phase of bao is expected to only cover a two-year time frame, it will take 5-year before all token have made it to circulation.