About
What the Foundation does
The Foundation is a separate legal entity from the bitgrit group companies. It holds the BGR treasury, keeps the token contract secure, and supports the people and companies building with BGR through grants.
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Issues and stewards BGR
The Foundation issued BGR and is responsible for its smart contract, treasury records and public disclosures. The contract has been independently audited.
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Funds development through grants
Development, community programmes and data science competitions are carried out by operating companies, including bitgrit Ltd, under grant and service agreements with the Foundation.
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Supports payments for AI and compute
AI agents are starting to buy services from each other and from data centres, and they need a way to pay that machines can verify. The Foundation supports work on that layer, with computing resources as the underlying source of value.
How it works
From a request to a record
In testingAn AI agent that needs compute should be able to pay for it without a person raising an invoice. This is the use the Foundation is preparing BGR for.
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Step 1
An agent needs compute
An AI agent, or the company running it, asks a data centre for GPU time.
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Step 2
It pays in BGR
The payment is a BGR transfer on Avalanche C-Chain, sent by the agent.
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Step 3
The data centre delivers
The data centre checks the transfer on-chain and releases the compute.
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Step 4
Both sides hold one record
The transfer is the receipt. Either side, or an auditor, can check it later.
BGR is in a test phase today. The first planned use is in data centre projects in Japan.
BGR token
BGR is a utility token. This page is the Foundation's official record of the contract. Before you interact with any token presented as BGR, check that its address matches the one below, character for character.
- Contract address
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0xedd5BBb085d429ECB3C46FCf3BabBD69d242246c
- Network
- Avalanche C-Chain
- Chain ID
- 43114
- Symbol
- BGR
- Block explorer
- View the contract on Snowtrace
- Total supply
- 10,000,000,000 BGR
- Security audit
- Audited by Zokyo in 2024. Zokyo's 2026 review confirmed that the deployed contract matches the audited code.
- Other BGR contracts
- An earlier BGR token on Ethereum is a separate contract and was not issued by the Foundation. The Avalanche contract above is the Foundation's BGR.
How BGR is used
Competition and community rewards
Given to sponsors and contributors of bitgrit data science competitions.Payment for computing resources
Planned as a means of payment for compute in data centre projects, starting in Japan.Settlement between AI agents
A unit of account for AI agents that pay for each other's services.
Security
Check before you trust
bgr.foundation is the Foundation's only official website. If something claims to speak for the Foundation and is not on this site, treat it as unverified.
How to spot an impersonator
- The address is different. The only BGR contract the Foundation issued is the one on this page.
- It asks for your keys. The Foundation never asks for a seed phrase, a private key or remote access to your device.
- It contacts you first. The Foundation runs no social media accounts and sends no direct messages.
- It sells you BGR. The Foundation does not sell BGR, and has no presale, airdrop sign-up or claim page.
Report a security issue
If you find a vulnerability in the BGR contract, or a site or account posing as the Foundation, write to the security contact.
security@bgr.foundationTell us what you found, where, and how to reproduce it. Please give us time to respond before you publish details.
Governance
How the Foundation is run
The Foundation is registered with the ADGM Registration Authority. It is governed by its Council under its Charter and the ADGM DLT Foundations Regulations.
Multi-signature treasury
The BGR treasury is held in a multi-signature wallet with three signers. No single person can move it.
Council approval
Transfers of BGR from the treasury to other entities are approved by Council resolution and recorded in the Foundation's asset register.
Independent audit
The Foundation's financial statements are audited by an independent auditor.
Annual security review
An outside security firm reviews the Foundation's token contract and operational security each year, and the report goes to the ADGM Registration Authority.
Questions
Common questions
What is a DLT Foundation?
It is a legal form in Abu Dhabi Global Market, created by the ADGM DLT Foundations Regulations 2023 for organisations that issue tokens and govern distributed ledger projects. A DLT Foundation has no shareholders. It is run by a Council under a published Charter.
How is the Foundation related to bitgrit?
The Foundation is a separate legal entity. It issued BGR and holds the treasury. bitgrit's operating companies build products and run the data science community, and work with the Foundation under grant and service agreements.
Which BGR contract is the official one?
The contract on Avalanche C-Chain at 0xedd5BBb085d429ECB3C46FCf3BabBD69d242246c. An earlier BGR token on Ethereum is a separate contract and was not issued by the Foundation.
How do I check my BGR balance?
Open the BGR contract on Snowtrace and search for your wallet address. You will see your balance and every transfer in and out. You do not need to connect a wallet or sign anything to do this.
Can I buy BGR from the Foundation?
No. The Foundation does not sell BGR. To date it has given BGR to sponsors and contributors of bitgrit data science competitions.
Does the Foundation have social media accounts?
No. This website and the two email addresses on it are the Foundation's only channels.