Question 1

What is BLUE?

Accepted Answer

BLUE is Bluefin's native governance token, natively issued on the Sui network. Its purpose is to allow token holders to participate in governance related to the Bluefin protocol, rather than to represent equity in a company or a claim to fixed income.

Question 2

What is the purpose of holding BLUE?

Accepted Answer

BLUE's core use is protocol governance: holders can participate in governance concerning the protocol's development and resource allocation. The role of a governance token is to assign relevant decision-making power to token holders; it does not itself mean that holders automatically receive dividends, redemption rights, or corporate equity.

Question 3

What is BLUE's supply?

Accepted Answer

BLUE has a maximum supply of 1 billion tokens. Maximum supply is the upper limit permitted by the token's rules; it is not the same as the amount already circulating or immediately tradable at a given point in time. The actual circulating amount also depends on the unlocking progress of each allocation category.

Question 4

How is BLUE allocated?

Accepted Answer

BLUE is allocated across three categories: 52% for ecosystem growth, 28% for strategic participants, and 20% for core contributors. These three categories total 100% of the maximum supply; however, each category reaches circulating status on a different schedule, so allocation percentages should not be treated directly as immediate circulating percentages.

Question 5

What is the ecosystem growth allocation used for?

Accepted Answer

The ecosystem growth allocation accounts for 52% of the maximum supply and supports user incentives, protocol development, the DAO treasury, and liquidity reserves. “Supports” here describes the direction of resource allocation: the relevant tokens enter use or unlock according to arrangements for each subprogram, rather than all entering the market simultaneously at generation.

Question 6

How do BLUE tokens for strategic participants and core contributors unlock?

Accepted Answer

The 28% allocated to strategic participants and the 20% allocated to core contributors both first undergo a 12-month cliff, during which they are not released monthly. After the cliff ends, the two categories unlock linearly over the following 24 months. That is, absent additional rule changes, the remaining amount is released evenly over time rather than unlocking all at once.

Question 7

When do DAO treasury tokens unlock?

Accepted Answer

The DAO treasury is part of the ecosystem growth allocation and is used for protocol resource allocation determined through governance. Its tokens wait 3 months after generation and then unlock linearly over 36 months. Therefore, the treasury's available-token schedule differs from the “after 12 months, linear unlock over 24 months” schedule for strategic participants and core contributors.

Question 8

What is the purpose of the liquidity reserve?

Accepted Answer

The liquidity reserve represents 4.5% of the maximum supply and unlocks at token generation. This arrangement provides resources that can be allocated for market liquidity; “unlocked” only means that these tokens are not subject to that lockup restriction, and does not guarantee market price, trading depth, or any return.

Question 9

Why should I pay attention to BLUE's unlock schedule?

Accepted Answer

Unlock schedules determine when different allocation categories move from restricted to usable status, so they affect the composition of potentially circulating supply at a given time. They cannot predict price on their own: price also depends on buying and selling demand, whether holders actually transfer or sell tokens, and factors such as market liquidity.

Question 10

Which blockchain network does BLUE belong to?

Accepted Answer

BLUE is natively issued on Sui, so transfers, wallet receipt, and application interactions should use addresses and network environments that support Sui. Sending tokens to an incompatible network or an address that does not support the asset may prevent the assets from being displayed or processed as intended.

Question 11

Is BLUE a native token on Sui?

Accepted Answer

“Natively issued on Sui” means BLUE's base token form is carried by the Sui network, rather than a mapped version on another chain referred to by the project's official page. Before use, the network and asset identifier supported by the actual recipient should still be confirmed, because network compatibility determines whether a transfer can be correctly recognized.

Question 12

Does holding BLUE mean owning equity in Bluefin?

Accepted Answer

No. The official description of BLUE focuses on protocol governance; governance tokens and corporate equity are different rights arrangements. Holding BLUE should not be understood as automatically providing ownership of Bluefin company shares, dividend distributions, or the right to redeem assets on fixed terms.

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