# Why is $BAO trading on Solana?

## **Origins:** *The daos.fun Angel Round*

Originally, baos.fun raised a seed fund on daos.fun. During our angel stage, we minted an initial batch of tokens(7.5%) to gather a community of early beliebers where we raised 135k at a 1.8 million FDV. We launched on daos.fun both as an homage to the daos.fun platform on Solana which inspired our model, and to raise a fully on chain seed round. 

{% hint style="info" %}
Originally, the angel allocation was 3%, but on Feb. 5th, 2025 we decided to do more at 7.5%
{% endhint %}

### 7.5% Airdrop to Holders

We set aside 7.5% of the total **$BAO** supply to reward those who supported us at the earliest stages. As angels from the seed round exit their positions they're selling it back into the pool where the holders who bought $BAO on daos.fun will receive 80% of those tokens while the other angels who have held will receive 20% on top of their positions. As well, the baosdotfun team(both entity and individuals) will redistribute 100% of their allocations as well to $BAO holders on daos.fun from the 7.5% that was bought for treasury purposes on daos.fun as well as any further purchases of $BAO token that the baosdotfun team continues to make. 

#### Future Plans

We released a short article on our plans, tl;dr it will be a burn and redeem program from Solana to Berachain. 

{% embed url="<https://x.com/baosdotfun/status/1887272148735303874>" %}


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