BMX, Staking, and Voting

BMX is Boardwalk’s protocol token. BMX also functions as a consumption token, burned by users across all chains to launch a token economy and influence project discovery through Upvoting and Downvoting.

Voting Power

A staker’s weight to vote-direct designated fees is called Voting Power. It equals staked BMX plus Voter Points.

Voting Power = Staked BMX + Voter Points

Staked BMX is the base of voting weight.

Voter Points build at a 100% annual accrual rate while BMX stays staked. They are non-transferable and have no monetary value. On unstake, Voter Points burn proportionally — a full exit burns the related points, and a partial withdrawal reduces points in proportion to what was removed.

12,000 BMX staked + 2,820 Voter Points = 14,820 Voting Power

How voting works

Voting happens in weekly epochs. During each epoch, BMX stakers vote on where the designated portion of Boardwalk’s fees should be directed next. Votes cast in one epoch direct the designated fees collected in the following epoch.

Disclaimer: The amount that actually flows depends on protocol activity and may be low or zero.

The vote is winner-take-all. The option with the most support gets the routing for that epoch.

The designated fees directed each epoch are held onchain by the protocol, not in a team-controlled wallet. When a vote resolves, the contract executes the winning outcome automatically onchain.

The four vote options

BMX Buy & Burn — The fee budget buys BMX from the market and sends it to the burn address. Once burned, that BMX cannot be recovered.

Route to Operations Reserve — The fee budget transfers to the protocol Operations Reserve in the raise token.

Perma-Lock BMX/WETH — The fee budget is split in half. One half is swapped into BMX. The two halves are paired into a BMX/WETH liquidity position that is permanently locked. Trading fees from that position flow to the Operations Reserve over time.

Route to BMX Stakers — The fee budget buys BMX, then streams it over 7 days to stakers who voted in the prior epoch.

Eligibility: the 1.5% Voter Points ratio

To vote in a given epoch, a staker needs Voter Points equal to at least 1.5% of their staked BMX. A staker with 1,000 BMX staked needs at least 15 Voter Points.

Quorum

Boardwalk uses a 51% quorum — total Voting Power cast must reach at least 51% of the snapshotted total. If quorum is not reached, the designated fees revert to the Operations Reserve for that epoch.

The consecutive-win cap

An option that wins three epochs in a row is ineligible the next epoch. After sitting out one epoch, it returns to the ballot.

BMX Tokenomics

BMX is Boardwalk’s protocol token. It functions as both a utility token and a consumption token across all chain deployments.

Supply. As of May 11, 2026, total BMX supply is 2,712,002. The token contract is renounced and the minter is burned, which means no one — including the Boardwalk team — can create new BMX. Supply can only decrease over time through burns.

Deflationary by design. Several protocol actions permanently remove BMX from supply by sending it to the burn address (0x000000000000000000000000000000000000dEaD). Tokens sent to this address cannot be recovered or re-issued.

BMX burns when users perform specific onchain actions. Launching a token economy on Boardwalk burns a protocol-defined amount of BMX from the issuer. Using Upvote or Downvote to signal on a token or auction burns BMX as a one-way cost — each address can use one Upvote and one Downvote per token or auction every 30 days. Additionally, one of the four vote direction options (BMX Buy & Burn) uses designated fees to purchase BMX and send it to the burn address. Because these burns depend on actual protocol activity, the rate of supply reduction varies and may be low or zero in any given period.

Holding vs. staking. Holding BMX and staking BMX are different roles. Holders keep BMX in a wallet and can use it for community signaling or launch creation. Staking creates eligibility to vote-direct designated fees in weekly epochs. For how Voting Power works and how vote direction operates, see the sections above.

Staking and voting actions currently operate on Base.

Note: BMX stakers direct a designated portion of Boardwalk’s fees through onchain rules — this does not imply broad control over every part of the protocol. Stakers do not control the Operations Reserve and do not receive ownership, equity, or claims on protocol fees through staking or vote direction.

Primary BMX Liquidity

Primary BMX liquidity is on Base and easily accessed via DEX meta-aggregators like LlamaSwap .

Community Signals and Discovery

Boardwalk includes community signals that affect how tokens and auctions appear in the default discovery view.

An Upvote moves a token or auction higher in the default discovery ranking. A Downvote moves it lower. Both burn BMX as a one-way cost. Each address can use one Upvote and one Downvote per token or auction every 30 days.

The visibility score is total Upvotes minus total Downvotes. All Upvote and Downvote activity resets every 30 days.

Disclaimer: Community signaling can influence what users see first, but it does not change a token’s launch rules, fee setup, vesting schedule, or liquidity design. These are onchain signals from users, not team ratings, safety reviews, or recommendations.