BIM is the governance token of the BIM DAO. BIM token holders receive voting power in the BIM DAO, which oversees all aspects of the protocol, BIM Exchange.
The value and rarity of a BIM are determined by all the activities and revenues of the BIM DAO
**Who Are the Founders of BIM?**
The BIM project was born in August 2022, the fruit of an ambitious vision driven by Léo Pestre and Damian Py.
BIM's objective was clear from the outset: to create a complete ecosystem that facilitates the integration of blockchain into the real economy, while supporting the innovation and development of startups and SMEs. This vision was driven by the conviction that blockchain can be a powerful engine for reindustrialization and the valorization of know-how.
BIM's pivot towards increasing decentralization marked a significant evolution in its strategy. The group broadened its horizons to develop a complete ecosystem centered around its governance token, BIM. This transformation has created an extensive range of services and utilities for the token, enriching its ecosystem.
**What Makes BIM Unique?**
The BIM Token is the governance token for the team and its objectives. It is the central asset that links all BIM project stakeholders, in order to perpetuate the virtuous cycle of value creation around which BIM was invented.
The token's usefulness is twofold: on the one hand, token holders have the right to vote on important governance decisions. Secondly, a portion of all revenues generated by the BIM Exchange protocol goes towards our incentive programs for token holders. Incentives are paid on a regular basis.
**How Many BIM Coins Are There in Circulation?**
As with many digital assets, only a fixed number of BIM tokens will be issued. The total supply is capped at 314 million BIM tokens.
Of these 314 million tokens, just over 6 million will be distributed to the liquidity provider for listing on centralized and decentralized platforms. 89% were burned following the DAO vote .
Finally, just over 22 million BIM tokens are reserved for community governance incentives and the remaining 10% tokens will be allocated to future team members.
The exact BIM issuance rate is likely to change over time, as voters can increase or decrease the issuance rate by passing a proposal through community governance .
**How Is the BIM Protocol Secured?**
Being powered by the Polygon blockchain, the project is secured by a proof-of-stake (PoS) consensus mechanism. Validators on the network will stake their MATIC tokens as collateral to become part of the network’s PoS consensus mechanism and will receive MATIC tokens in return.
**Where Can You Buy BIM?**
BIM is listed on major cryptocurrency exchanges. BIM is paired with different tokens on centralized platforms like BIM Exchange, BIM Exchange Argentina Dex-Trade, Tapbit, P2B... It is also available on decentralized exchanges like and Uniswap.
**Related Pages**
Find out more about Polygon — the Ethereum scaling solution.
Learn more about the ERC-721 token standard with CMC Glossary.
Read our blog to stay up to date with the latest industry news and events.
How to Buy BIM on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing BIM. Some reputable platforms include HTX、Bybit、Bitget, and others.
Step 2: Register an Account
Here, we'll register an account on theBybit(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing BIM.
Step 5: Purchase BIM
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of BIM you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy BIM.
Step 6: Store Your BIM
After purchasing, you can choose to store your BIM in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and BIM assets, be sure to use a strong password and enable two-factor authentication.
BIM Price:BIM is the governance token of the BIM DAO. The price fluctuates daily, You can go to the exchange: Bybit to check the price.
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