About BONSAI COIN
BONSAI COIN is a community-driven token designed to enrich the ecosystem with real bonsai trees, emphasizing the motto “We make Bonsai.” It operates on the Astar zkEVM network and has a total issuance of 803 trillion tokens. The project is managed by Hyper Dimension Limited, aiming to create a unique intersection between cryptocurrency and the art of bonsai cultivation.
The allocation of BONSAI COIN is strategically structured to benefit the community. Seventy-five percent of the tokens are allocated to the community, with the initial one percent available at the token generation event (TGE) and the remaining distributed in subsequent rounds. Additionally, 17% is reserved for the team, with a one-year cliff and a three-year vesting period, while 6% is set aside for liquidity and 1% for advisors.
A unique feature of BONSAI COIN is its buyback mechanism, which uses profits from partner bonsai gardens and stores to buy back and burn tokens from the market, enhancing the token's value. This buyback event is scheduled to occur annually, with the next event planned for 2025, further incentivizing holders.
The BONSAI 100 Ketsu system rewards the top liquidity providers when the token achieves a market capitalization of $100 million or more. This ranking system identifies the top 100 holders, who will receive seasonal bonsai trees and other benefits based on their rankings. The tiers include "Hashira" for the top 10, "Sanjushi" for ranks 11 to 30, and "Hyacketsu" for ranks 31 to 100.
Each year, a portion of new BONSAI COIN will be issued from the community allocation, with the quantity determined by wallet activity and other factors. The roadmap outlines key milestones for 2024 and beyond, including the initiation of the BONSAI 100 Ketsu and regular buyback events, establishing a dynamic and engaging ecosystem for its community.