BIM

BIM is the token that governs the BIM DAO, a decentralized organization managing the BIM Exchange protocol. Holders of BIM tokens gain the ability to vote on key decisions within the DAO, which controls various elements of the protocol.

The worth and scarcity of BIM are influenced by the activities and income generated by the BIM DAO.

The BIM project kicked off in August 2022, born from the visionary efforts of Léo Pestre and Damian Py.

From the very beginning, BIM had a clear mission: to build a comprehensive ecosystem that seamlessly integrates blockchain technology with the real-world economy. It aims to nurture the growth and innovation of startups and small to medium-sized enterprises. This was driven by the belief in blockchain's potential to revitalize industries and enhance expertise.

As BIM evolved, it embraced a more decentralized approach, significantly shifting its strategic direction. The team expanded its efforts to craft a holistic ecosystem anchored around its governance token, BIM. This shift has resulted in a wide array of services and uses for the token, enriching its ecosystem further.

The BIM Token serves as the governance token for the project and its goals. It acts as the key asset connecting all stakeholders of the BIM project, fostering a continuous cycle of value creation upon which BIM is built.

The token provides two main benefits: firstly, it grants holders the right to participate in significant governance decisions. Secondly, a share of the revenue generated by the BIM Exchange protocol is directed towards incentive programs for token holders, with incentives being disbursed regularly.

Like many cryptocurrencies, BIM tokens have a fixed total supply. The number of BIM tokens is capped at 314 million.

Out of these 314 million tokens, a little over 6 million are allocated to liquidity providers for listing on both centralized and decentralized exchanges. Following a [DAO vote](https://snapshot.org/#/daobim.eth/proposal/0x7c07b763722c3393563729d2fa43eab6de9b85afeea88f7dccf16b864667d26a), 89% of the tokens were destroyed.

In addition, more than 22 million BIM tokens are set aside for community governance incentives, and the remaining 10% are designated for future team members.

The precise rate at which new BIM tokens are issued can fluctuate over time, as proposals to alter the issuance rate can be made through [community governance](https://snapshot.org/#/daobim.eth).

The project relies on the Polygon blockchain, which is protected by a proof-of-stake (PoS) consensus mechanism. Validators stake their MATIC tokens as collateral to participate in the network's PoS consensus and earn MATIC tokens as a reward.

You can find BIM on leading cryptocurrency exchanges. It's available as a trading pair with various tokens on centralized platforms like BIM Exchange, BIM Exchange Argentina Dex-Trade, Tapbit, and P2B. Additionally, you can purchase it on decentralized exchanges such as Uniswap.