To bootstrap the initial liquidity and rewards, the Hodl Dao will have a Genesis period, to hold an initial offering event based on the fair launch model.
During the genesis period, users can deposit USDC, Dai, WBTC and/or other whitelisted crypto assets to mint BTCH.
The BTCH Protocol Genesis will decentralize BTCH through the fair launch of the protocol.
The Genesis process was designed to ensure fair access and opportunity. When USDC is committed, the BTCH Protocol ensures that all participants receive Genesis BTCH together with the future Genesis Reward. (Note: the quantity of the Genesis Reward is directly linked to future protocol adoption). Participants can also optionally pre-bond a percentage of the commitment for a much shorter vesting period but give up Genesis Reward.