# $BID Token

$BID token is our native token with a 1Billion initial supply. $BID token is built on the BNB chain ecosystem. All the bidding on MonkeyBids will be conducted by $BID token. 

**Utilities**

1. Giveaway or Airdrop
2. Place bid in an auction (Bidding in the auction)
3. Curate to earn
4. Leaderboard Reward
5. DAO voting
6. Auction settlement

**Token Distribution**

1. Seeding - 15% (Vesting in 12 months with 3 months Cliff)
2. Marketing - 8% (Vesting in 12 months)
3. Partnership - 6.5% (Vesting in 12 months)
4. Community Staking - 2.5% (Vesting in 12 months with 6 months Cliff) 
5. Treasury (DAO) - 25% (Vesting in 18 months)
6. Reserve - 18% (Vesting in 12 months with 3 months Cliff)
7. Liquidity - 5%
8. Team & Advisor - 20% (Vesting in 12 months with 3 months Cliff)


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