Tokenomics Overview

Dynamic tokens designed to align value accrual with bitgrit's success

BGR Token

The BGR token is the utility token that powers bitgrit's community competitions. It is meticulously designed to function as a catalyst, promoting active engagement from all stakeholders. Bitgrit envisions leveraging this token to motivate users towards actions that augment the network's value, primarily by fostering a culture of open dissemination of AI insights through models and data. Recognizing the profound influence such a system can exert in guiding user behavior, bitgrit remains committed to the highest responsibility standards.

Utility

• BGR is used by competition sponsors to gain access to competition pools and provide the prize pool in BGR.

• After competition grading, winning data scientists are paid from the prize pool in BGR, less a platform fee charged by bitgrit.