BC1 Token Tokenomics: Supply, Allocation and Unlocks

BC1 has a fixed total supply of 21 billion tokens, split into four buckets in the Bitcoin.one whitepaper: 40% presale, 15% liquidity, 15% ecosystem rewards and 30% treasury. Only the presale is fully claimable at launch; the rest is locked, streamed or vested over time. Here is what that means in practice.

The headline parameters

The Bitcoin.one whitepaper lists the token as Bitcoin.one, symbol BC1, 18 decimals, total supply 21,000,000,000, minted once on Ethereum. The 21 billion figure is a nod to Bitcoin’s 21 million cap, scaled by a thousand, but the token is not Bitcoin. The paper is explicit that BC1 is a utility token for the app, and our piece on utility tokens versus Bitcoin explains why that distinction matters.

Two contract-level facts underpin the supply story. The OneToken contract is an ERC-20 with Permit, it has no mint function, and holders can burn their own tokens. Cross-chain movement uses LayerZero’s OFT standard, where tokens are burned on one chain and minted on another, so the total across chains should stay constant. Those are design claims in a draft paper, and they are only as good as the deployed code, which is why an audit before launch matters.

The four buckets

Bucket	Share	Amount	Release (per paper)
Presale	40%	8.4B BC1	100% claimable at TGE
DEX/CEX liquidity	15%	3.15B BC1	Paired at launch; LP locked 12 months
Ecosystem (staking, cashback, referrals)	15%	3.15B BC1	Streamed over 36 months, about 87.5M per month
Treasury	30%	6.3B BC1	52 weekly unlocks of about 121.15M each from TGE

Presale: 40%

The presale bucket is sold in 30 stages of 280 million BC1, and buyers claim at the token generation event through a Merkle-root claim contract. Because everything is claimable at once, presale holders are the group with the least vesting friction. How that interacts with market depth is a fair question; the paper does not give a circulating supply figure, so we cannot compute it. For stage prices and mechanics, read our presale explainer.

Liquidity: 15%

3.15 billion BC1 is earmarked to be paired on decentralized and centralized venues. The paper says the LP position is locked for 12 months. A lock prevents the pool being pulled, but it does not set a price or guarantee depth. It also does not state the pairing amount, so the starting price implied by the pool is unknown until launch.

Ecosystem: 15%

This bucket funds staking, cashback and referral rewards over 36 months. The paper says cashback begins in Q2 2027 and does not give reward rates or staking APR values, so treat any percentage you see quoted as unofficial. The staking contract is described as using a dynamic APR.

Treasury: 30%

The treasury receives 6.3 billion BC1, released in 52 weekly unlocks from TGE. The paper says the vesting contract’s start time, number of weeks and total are immutable, with no owner, pause or redirect function. See token vesting schedules explained for how to read that type of design. The paper’s own risk section flags concentration: 30% of supply sits with the treasury, and owner keys are team-held.

What a weekly unlock really means

Weekly unlocks of roughly 121 million BC1 are about 0.58% of total supply each week, using the paper’s numbers (6.3 billion divided by 52, then by 21 billion). Unlocked is not the same as sold. The paper does not say what the treasury intends to do with released tokens, who the beneficiary is, or whether unlocked tokens will be used for operations, liquidity or market sales.

Key takeaway: tokenomics tables describe permissions and schedules, not behaviour. The numbers tell you the maximum supply that can reach the market and when, not how holders will act.

The deflation side: burns and buybacks

Supply can fall in two ways: holders burning voluntarily, and the BuybackVault burning half of the BC1 it buys back with shop fees. The vault is funded by a 2% margin on shop checkouts, per the paper, and its page on buybacks reports on-chain totals when they exist. At the time we checked, that page showed the totals as unavailable on a testnet. How large the burn can be depends on shop volume, and the paper’s own caveat is that every checkout also sells BC1 for the order value. We cover the arithmetic in token buyback and burn explained.

What the paper does not say

• The circulating supply at TGE.
• The exact amount of BC1 paired with liquidity.
• Reward rates, staking APR values and cashback rates.
• Who the treasury beneficiary is, or the team’s legal entity and jurisdiction.
• Any governance rights: BC1 is described as granting holders none.

A short checklist before you rely on any tokenomics table

1. Confirm the supply on the deployed contract, not just the paper.
2. Check who controls each bucket and whether the vesting contract has admin functions.
3. Model the worst case where every unlocked token is sold.
4. Read the project’s risk disclosure, which says you could lose all the money you spend.
5. Never size a position based on a planned listing price.

Nothing here is investment advice. The figures come from a version 1.0 draft, and they can change before launch.

Three scenarios to stress-test the table

A tokenomics table is static, so build a few simple scenarios. None of these is a prediction. They only show how the schedule in the paper constrains the arithmetic.

Scenario A: everything unlocked is held

Presale buyers claim 8.4 billion BC1 at launch, the treasury releases about 121 million per week, and the ecosystem stream adds about 87.5 million per month. If nobody sells, the market never sees that supply, and price depends only on new demand. This is the optimistic bound, and real markets rarely behave this way.

Scenario B: presale tokens are sold quickly

Because presale tokens are fully claimable at TGE and were bought at stage prices between $0.0010 and $0.0035, some holders will sit on gains or losses relative to the planned $0.0040 listing price. Whether they sell is a behaviour question the paper cannot answer. What the paper does give you is the cost basis range, which is useful for judging how much profit-taking pressure could exist at a given price.

Scenario C: the treasury funds operations by selling

If treasury unlocks are sold to pay costs, the weekly figure of roughly 121 million BC1 becomes weekly sell flow. Compare that number with the daily trading volume of any pool you can observe once the token lists. A pool whose daily volume is small relative to weekly unlocks will move noticeably on any sale.

Questions worth asking the project

1. What is the intended treatment of unlocked treasury tokens: hold, deploy, or sell?
2. Will the treasury publish its beneficiary address and a periodic report?
3. How large will the launch liquidity be relative to the presale claim?
4. Are staking and cashback rewards paid from the ecosystem bucket only, or also from buyback flows? The paper says half of buybacks go to rewards, so the answer affects how long the pool lasts.
5. Which parameters can owners change, and within what bounds?

How this compares with typical designs

Many token launches reserve a large share for insiders with a cliff followed by a stream. This paper does the opposite in one respect: the largest outside-facing bucket, the presale, is fully liquid at launch, while the insider-like bucket, the treasury, streams weekly with no cliff described. Whether that is better or worse for holders depends on trust in the treasury and on market depth, and reasonable people differ. It is simply a different shape, and worth recognising as such.

If you want the project’s own summary alongside ours, the Bitcoin.one home page lists the same four buckets. Where the two differ, the whitepaper is the more detailed source and the home page is the promotional one.