# $BMB Token

$BMB is a value-exchange mechanism that transforms decentralized compute into a liquid, tradable asset class, delivering significant cost advantages to customers while directing real on-chain revenue to token holders.

An SPL token on the Solana blockchain, $BMB settles operational rewards and aligns incentives for network participants in the Beamable Network Protocol, from operational rewards and service payments to revenue share. <br>

* **Network:** Solana
* **Contract Address:** [BMBtwz6LFDJVJd2aZvL5F64fdvWP3RPn4NP5q9Xe15UD](https://solscan.io/token/BMBtwz6LFDJVJd2aZvL5F64fdvWP3RPn4NP5q9Xe15UD)

## Protocol Utility

$BMB enables fully on-chain payment settlement, bypassing traditional financial institutions and cross-border payment friction.

* Customers can pay for compute in $BMB for discounted rates.
* Smart contracts settle incentives using $BMB.
* Checker Nodes earn $BMB for protocol operations.&#x20;
* Token owners earn $BMB for locking their tokens in the staking contract.
* Token owners play a key role in DAO governance, to be introduced in later protocol stages.&#x20;

## Staking Incentives

<https://staking.beamable.network/>

The protocol incentivizes the staking of $BMB tokens to align long-term holders with protocol success, sharing the outcomes of protocol activity with token holders and node operators.&#x20;

### **$BMB Token Rewards**

* A portion of the token emissions schedule is allocated to monthly staking rewards for $BMB holders. The exact amount is visible in real time on the [Staking Dashboard](https://staking.beamable.network) and is subject to future governance decisions.
* Each wallet's share of the monthly pool is dependent on its percentage share of the total $BMB tokens staked. The formula for estimating staking rewards is as follows, and a final calculation is provided in the Staking Console. \
  \
  &#x20;`Token Reward  =  (Your Staked Amount / Total Staked Amount) * Monthly Reward Pool`

### **USDC Rewards** *(Revenue Share)*

Two USDC Reward pools distribute monthly USDC rewards to token stakers. This comes from a percentage of the revenue earned by Worker Nodes (compute suppliers) within the protocol, which is 100% on-chain and reported by multiple services ([Beamable Network Live Stats](https://beamable.network/live-dash/), [DeFI Llama](https://defillama.com/protocol/beamable-network), [DePIN Pulse](https://depinpulse.app/?\[object%20Object])).&#x20;

**For the first year after mainnet launch, USDC rewards are distributed as follows:**

#### **Base Pool:** (available to all $BMB stakers)

* 5% Worker Node revenue is distributed across all wallets with staked $BMB.&#x20;
* `Your share = (Your staked $BMB / Total staked $BMB) * Base USDC Pool`

#### **Bonus Pool:** (exclusive to Checker Node License owners)

* An additional 5% of all Worker Node revenue is distributed in USDC exclusively to Checker Node License holders.
* Only wallets that own Checker Node Licenses NFTs are eligible.&#x20;
* Maximum recognized stake: 2,500 $BMB per Checker Node License owned.

```
Your share = (Your Recognized Stake / Total Recognized Stake) * Bonus USDC Pool

Where:
• Your Recognized Stake = up to 2,500 $BMB per license NFT owned
• Total Recognized Stake  =  all recognized $BMB in the bonus pool
• Bonus USDC Pool = 5% of total monthly Worker Node revenue
```


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