CoinYQ Dossier

BIM shrank a 314 million-token funding plan into a 30 million Base token

BIM did not begin with its current supply or even its current chain. In 2022 the team placed 314 million tokens around a Polygon project meant to finance investments in France. A bear market and the collapse of FTX and Celsius broke that premise. Holders were then asked to approve a drastic cut, a different treasury map and, eventually, a Base token. The surviving records show three supply totals, making BIM’s history less a straight launch than an attempt to renegotiate what the token was for.

Léo Pestre launches a funding token before an exchange ecosystem

The project roadmap dates BIM and BIM Finance V1 to the fourth quarter of 2022. In his later account, chief executive Léo Pestre said the token had been created to raise substantial funds for investments in France. The original Polygon maximum was 314 million, with 72% assigned to a treasury described as DAO-controlled and 19% reserved for exchange listings.

The product expanded while that financing thesis weakened. BIM Finance V2, staking, a DAO and BIM Exchange appeared across the 2023 roadmap. Instead of building a new chain or custodying deposits, the interface connected wallets to existing contracts for buying, selling, swapping, bridging and yield strategies. Its convenience came from assembling routes, not from removing the protocols beneath them.

The 2024 vote tries to erase the first economic design

On April 6, 2024, Pestre published a proposal to cut the supply by about 89%. He explicitly tied the reset to the crypto downturn and failures including FTX and Celsius. The plan reduced the DAO and listing reserves, cut team and founder balances, and put team holdings on new unlock schedules. Voting ran from April 5 to April 8.

The surviving documents do not collapse into one clean number. The proposal estimated 33,421,887.69 BIM. The tokenomics page later described a 33 million maximum but also displayed a V2 table totaling 34,367,545, 64% of it in the DAO treasury. Those figures record a transition. They should not be silently substituted for the later Base contract.

Base turns the reset into a simpler token contract

The roadmap placed migration to Base in the first quarter of 2025. The project’s current overview now says supply is 30 million with no minting capacity, and BaseScan shows exactly 30 million at the verified address 0x555FFF48549C1A25a723Bd8e7eD10870D82E8379. The older Polygon contract remains in the tokenomics archive, so network and address are part of BIM’s identity.

The Base code narrows token-level control. Its constructor minted the whole supply to one recipient. After deployment, the published ABI exposes ordinary transfers, signed permits and burn or burnFrom. It lists no mint, pause, blacklist, ownership transfer or proxy upgrade. That simplicity says nothing about administrators in a bridge, vault, router or treasury, each of which is a separate system.

A Snapshot ballot does not sign a treasury transaction

BIM documentation gives held or staked tokens Snapshot voting power. The subjects can matter: five proposals described in 2024 covered a mandate for BIM Labs, conversion and movement of fee revenue, and expansion of treasury signers from four to seven. The ballot expressed holder choice; developers and multisignature signers still had to execute it.

The utility page also promises staking rewards linked to exchange results, trading-fee refunds and liquidity fees. These are published program terms, not shares in an operating company or a fixed claim on revenue. Current terms can change or discontinue services and disclaim expected outcomes. Readers therefore need both the governance page and the legal page to understand the word “rights.”

A French operation is followed by two documented BVI roles

The organizational record is less tidy than a single project name suggests. A 2024 article said BIM Finance was operating through a centralized structure in France and proposed transferring digital assets, development platforms and social channels to the DAO through a BVI holding company. The later Foundation page describes a separate BVI foundation with a board, grants, intellectual-property and improvement-proposal duties. It says BIM GROUPE HOLDING INTERNATIONAL LIMITED initially funded the Foundation and calls that company the protocol originator. The November 2025 terms name the same holding company as operator of the web services. Because the cited materials contain no independent registry extracts, these remain the project's own descriptions of its legal structure.

Those terms also narrow access and recourse. They exclude residents of the European Union and United States, permit the interface to block access, cap aggregate liability at USD 100 and emphasize self-custody. That does not contradict permissionless contracts: it separates an open blockchain transaction from the company-controlled web route used to prepare it.

How the project changed

  1. 2022-Q4
    BIM token and Finance V1 launch on Polygon

    A 314 million maximum supports a France-focused funding plan with 72% assigned to the treasury/DAO.

  2. 2024-04-05
    Holders begin voting on the supply reset

    The proposal seeks an approximately 89% reduction and new team, treasury and listing allocations.

  3. 2025-Q1
    The roadmap places BIM’s migration to Base

    The current Base deployment later fixes supply at 30 million while the Polygon address remains historical.

  4. 2025-11-10
    New terms name a BVI interface operator

    BIM GROUPE HOLDING INTERNATIONAL LIMITED becomes the named service provider under BVI law with geographic restrictions.

Evidence and primary sources

Last evidence review: 2026-09-05

What is BIM?

BIM is the governance and incentive token associated with BIM Protocol and the BIM Exchange interface. The project began on Polygon in 2022 and later rebuilt its token economics before making Base contract 0x555FFF48549C1A25a723Bd8e7eD10870D82E8379 the current token. BIM Exchange gathers buy, sell, swap, bridge and staking routes in one self-custodial interface, often by connecting users to third-party protocols.

What problem does BIM solve?

BIM’s product tries to reduce the friction of moving among separate DeFi applications. A user can seek a route, bridge or vault from one interface, but the trade still executes through public contracts, aggregators, wallets and chains with separate failure conditions. The project’s harder problem was economic. Its original 314 million-token plan was designed to fund French investments; after the 2022 downturn, the team asked holders to approve a much smaller supply and a governance-centered exchange strategy.

How does BIM work?

The interface searches external liquidity and displays a route and fee before a wallet signs. Buy and sell paths can involve fiat providers; swaps and bridges rely on named third-party contracts; vaults compound rewards under their own strategies. BIM holders vote through Snapshot with balance-based power, including documented staked balances. Votes can authorize treasury use or operational mandates, but human signers and BIM Labs still carry out those decisions. The Base token itself is simpler: 30 million were minted in its constructor, and the verified ABI has transfer, permit and holder-initiated burn functions but no further mint, pause, blacklist, owner or proxy-upgrade entry point.

Key facts

  • BIM’s roadmap dates the token and BIM Finance V1 launch to Q4 2022 on Polygon.
  • The original maximum was 314 million BIM: 72% treasury/DAO, 19% listings, 6% team and three 1% pools.
  • An April 2024 proposal attributed the redesign to the bear market and failures such as FTX and Celsius and sought an approximately 89% supply cut.
  • Post-vote documents preserve intermediate totals of 33 million and 34,367,545; these are historical states, not the current Base total.
  • The current verified Base contract is 0x555FFF48549C1A25a723Bd8e7eD10870D82E8379 and has 30 million BIM with 18 decimals.
  • The Base ABI has burn and burnFrom but no mint, pause, blacklist, ownership or upgrade function.
  • BIM Exchange combines buy, sell, swap, bridge and staking while depending on external wallets, aggregators, chains and smart contracts.
  • Snapshot voting is proportional to held or staked BIM; 2024 proposals separately authorized developers, fee-wallet management and treasury signers.
  • Project documents distinguish a BVI Foundation from BIM GROUPE HOLDING INTERNATIONAL LIMITED, the BVI interface operator named in 2025 terms.
  • Current terms exclude EU and US residents, permit interface blocking, disclaim guaranteed outcomes and cap aggregate liability at USD 100.

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Frequently asked questions

Why do BIM sources show 314 million, 34 million and 30 million tokens?

They describe different stages. Polygon Tokenomics V1 used a 314 million maximum. A 2024 vote proposed a large reduction and later pages preserve roughly 33–34.367545 million figures. The verified current Base contract has 30 million.

Which BIM contract matches this page?

The current Base contract is 0x555FFF48549C1A25a723Bd8e7eD10870D82E8379. The older Polygon address remains in historical documentation and should not be treated as the same contract.

Can more Base BIM be minted or frozen?

The verified Base ABI lists no mint, pause, blacklist, owner or proxy-upgrade function. Holders can burn their own tokens, and approved spenders can use burnFrom. Surrounding exchange, bridge and staking contracts have separate controls.

What does BIM governance actually do?

The project uses Snapshot voting weighted by held or staked BIM. Past proposals covered tokenomics, a BIM Labs development mandate, fee-wallet management and treasury signers, so a vote and the people executing it are distinct steps.

Do protocol rewards create a dividend or company share?

Project docs describe staking rewards, fee refunds and incentives tied to BIM Exchange activity. Current terms do not grant equity, a fixed dividend, redemption or a guarantee that those programs continue.

Which legal entity operates the interface?

The November 2025 terms name BIM GROUPE HOLDING INTERNATIONAL LIMITED in the British Virgin Islands as the interface operator. The Foundation page describes a separate BVI foundation, says the holding company initially funded it and calls that company the protocol originator. A 2024 article only describes the preceding operation as centralized in France; it does not establish a French company as the protocol originator.

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