Kriptoks

Bribe Protocol (BRIBE) is a decentralized finance (DeFi) platform that incentivizes governance participation through its infrastructure tooling. This Layer-1 Blockchain creates a Voter Extractable Value (VEV) product that encourages voters to form coalitions to participate in governance proposals. The platform operates by staking governance tokens in a Bribe pool to earn income, and bidders borrow the staked votes to support or reject governance proposals.

BRIBE is a utility token that enables community members to participate in protocol governance and revenue-sharing. The platform's founders, Condorcet, Governor C, and Cleisthenes, were introduced through Composable Labs, a DeFi incubator. Condorcet is the CEO of Bribe and has a background in DeFi project management. Governor C is the CTO and a former top contributor at Gitcoin, while Cleisthenes is the CMO and a former marketing consultant.

Bribe Protocol launched its mainnet on January 27, 2022, with 100 million BRIBE tokens created at genesis, and no additional tokens will be minted. At the time of writing, there is a circulating supply of approximately 1.4 million BRIBE. 50% of the total token supply is designated for distribution as ecosystem emissions to incentivize participation in Bribe's network, while 10% of tokens are designated to the Bribe Treasury. Additionally, 2.5% of tokens were allocated for distribution during a Liquidity Bootstrapping Pool (LBP) event in January 2022, and 20.5% of tokens were sold during private presale events. The Bribe team and its advisors will receive 17% of the token allocation.

Bribe Protocol aims to encourage more individuals to participate in governance and decision-making processes in the DeFi space. The platform seeks to promote greater transparency, accountability, and fairness in the governance process by providing an incentivization mechanism. The platform's VEV product provides an innovative approach to governance participation and enables a more decentralized decision-making process. By incentivizing participation in governance, Bribe Protocol aims to ensure that all stakeholders have a voice and an opportunity to contribute to the development of the platform.

Bribe Protocol is a promising platform that has the potential to change the governance landscape in the DeFi space. The platform's unique approach to incentivizing participation in governance and decision-making processes is likely to attract a significant number of users. With a talented team of founders and an innovative product, Bribe Protocol is poised for growth and success in the years to come.