🗄️Tokenomics
$BLACK Protocol Token
$BLACK tokens are emitted as farming rewards to LP providers to incentivize deep and continuous liquidity.
$veBLACK - vote-escrow NFT
veBLACK is the vote-escrowed version of $BLACK. By locking up $BLACK tokens ranging from a week till up to 4 years, a so called Singularity veNFT can be minted. The voting power is higher when the lock period selected is longer.
veNFT holders can vote for gauges each week and receive revenue from two sources:
A share of the trading fees generated by the Liquidity Pool they voted for.
100% of the voting incentives contributed by partners to that specific pool.
BLACK Airdrop
Team and foundation tokens have been burned to mint Supermassive veNFTs, meaning they're permanently removed from circulation. The team and Foundation only hold Supermassive veNFT's TGE and has no vested BLACK tokens. Note that this is unique to the Blackhole protocol as in contrast the traditional ve3,3 implementations have a different vested-escrow model that does not include a burn-mechanism for the tokens being locked.
At the Token Generation Event (TGE), 100% of the circulating supply goes directly to the community:
Community-Owned Launch: Every token available at TGE is owned by the community.
Decentralized Governance: Token recipients get Supermassive veNFTs, which give them voting rights and a share of protocol revenue. Users can also stake their $BLACK airdrops to get Singularity veNFTs or boost their Supermassive veNFTs.
Ecosystem Integration: Leading DeFi and NFT project communities are included, promoting collaboration and collective growth.
TGE Distribution
Total Supply
A key distinguishing feature of Blackhole lies in its uniquely improved vested-escrow mechanics. Unlike traditional ve(3,3) protocols, where all ve-locked tokens continue to be counted in the Total Supply, Blackhole introduces key enhancements that set it apart. Most notably, it is the first protocol to implement a dual veNFT system combined with an integrated burn mechanism:
Singularity veNFT: similar to existing protocols with locks from 1 week up to 4 years
Supermassive veNFT: permanent locking through burning the BLACK token. This gives the holder 3 perks: non-decaying vote power, 10% rebase rate bonus and 10% voting power boost.
Whenever a Supermassive is minted, the underlying amount of BLACK tokens is permanently removed from circulation by sending them to a burn address. This built-in deflationary mechanism steadily reduces the total supply of BLACK over time, increasing its scarcity and driving long-term value for holders. By reinforcing deflation through utility, Blackhole establishes a uniquely sustainable and value-accretive tokenomic design.
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