Deposit & withdraw
Last updated
Last updated
Deposits and withdrawals of BMT are managed through the same section of the Intel Desk, called “Your BMT.” You need to deposit tokens in your voting pool to participate in this community-driven investigation platform, allowing you to submit cases and vote. Both deposits and withdrawals can be made at any time. More details are provided below
Depositing BMT in your voting pool is straightforward. Go to the section “Your BMT” on the Intel Desk. Ensure your wallet is connected, and we’ll automatically detect your BMT balance. You can manually input an amount or use the percentage bar to select a portion of your total holdings
Approve the messages from your Solana wallet, and your BMT will be successfully deposited on the Intel Desk.
BMT can be withdrawn at any time after being deposited. However, we’ve introduced a fee for users who withdraw too quickly. This discourages behaviours like depositing BMT, voting on one case, and immediately withdrawing all tokens, as well as preventing spammers and system gaming
The withdrawal fee starts high at 20% on the first day to deter such activities but decreases rapidly over time. It is halved after 48 hours (τ) and drops to less than 1% after 10 days. This structure ensures fair use while still providing flexibility for users.
Here’s the exact fee formula:
Where:
fee_0= 20%
τ = 48 hours
Here’s an approximate breakdown of the fee structure:
Day 0
20%
Day 2 (48 hours)
10%
Day 14
0.4%
Day 30
<0.1%