Bucket Protocol has emerged as a top 10 TVL protocol on Sui, boasting $80 million in total value locked (TVL). As Sui's largest stablecoin protocol, it offers BUCK—a native stablecoin pegged to the US dollar. The team recently announced their Token Generation Event (TGE) scheduled for January 13, alongside an Initial DEX Offering (IDO). This guide covers everything you need to know about BUT tokenomics, the public sale, and airdrop participation.
Tokenomics Breakdown
Key Details
- Token Name: BUT
- Total Supply: 1 billion
- Staking: BUT can be staked as deBUT to gain governance rights and participate in emissions. Early unstaking incurs penalties redistributed to deBUT holders.
Allocation Structure
| Category | Allocation | Release Schedule |
|---|---|---|
| Team | 15% | 6-month cliff, 15-month linear vesting |
| Partners | 2% | Locked 1 year as deBUT |
| Advisors | 2% | Locked 1 year as deBUT |
| Ecosystem | 33% | Weekly unlocks over 6 years |
| Presale | 15% | 1-year staking (deBUT) |
| Airdrop | 10% | TGE distribution |
| Marketing | 5% | Immediate use |
| Reserve | 10% | Operational needs |
| Liquidity | 8% | Fully unlocked at TGE |
Why the Presale Matters
The presale valuation is set at $5 million—a fraction of comparable protocols like Usual and Ethena (whose FDVs exceed their TVLs). With Bucket’s $80M TVL, this represents a rare opportunity.
👉 Secure your presale spot now
How to Participate
1. Leaderboard Campaign (Deadline: January 11)
- 4x Bonus: Staking sBUCK currently multiplies your leaderboard points.
- Top 100 Reward: Eligibility for the presale whitelist at $5M FDV.
- Note: Presale tokens have a 1-year lockup.
2. Airdrop Farm (Deadline: January 13)
- TVL: $23M since launch on December 19.
- Options: Stake SUI, haSUI, vSUI, BLUE, or stablecoins (USDC/wUSDC) to earn "Drops," convertible to BUT post-TGE.
- Recommended: Ideal for users unable to climb the leaderboard.
FAQs
Q: How much BUT is allocated for the airdrop?
A: 10% of the total supply (100M BUT).
Q: Can I unstake presale tokens early?
A: No—presale tokens require a 1-year commitment.
Q: What’s the best strategy for smaller investors?
A: Focus on Airdrop Farm for lower entry barriers.
Q: How does Bucket’s valuation compare to competitors?
A: At $5M FDV, it’s significantly undervalued relative to its $80M TVL.
👉 Start farming airdrops today
Pro tip: For maximum impact, combine leaderboard efforts with Airdrop Farm deposits. Time is critical—act before January 13!