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Tokenomics

Please note that "locked" tokens are held by the DAO and require community approval for unlocking. This ensures that any decision to unlock these tokens is made collectively, aligning with our commitment to decentralized governance and community involvement.

Seed

  • Percentage: 8%

  • Amount: 160 million tokens

  • Vesting: 13 at TGE quarterly over 3 years

We have closed our seed round of funding at a valuation of $4.6 million. This funding will be used to accelerate our growth and development, and to bring our product to market. The tokens allocated in this phase will be vested quarterly over 3 years to ensure long-term commitment.

Public/Community

  • Percentage: 2%

  • Amount: 40 million tokens

  • Vesting: Token Generation Event (TGE)

We value our community and public supporters. These tokens are distributed during our Token Generation Event.

Team/Advisors

  • Percentage: 16% for team, 2% for advisors

  • Amount: 360 million tokens

  • Vesting: 6-month cliff, then quarterly over 4 years

Our team and advisors are essential to our success. To ensure their commitment, tokens will be vested over a 4-year period, starting after a 6-month cliff.

Bug Bounties

  • Percentage: 12%

  • Amount: 240 million tokens

  • Vesting: Locked

We prioritize the security of our platform. These tokens are reserved for rewarding those who help us identify and fix potential vulnerabilities.

Staking/Ecosystem/Boost

  • Percentage: 35%

  • Amount: 700 million tokens

  • Vesting: Locked

These tokens are allocated for staking rewards, ecosystem development, and boosting rewards for staked votes. They play a crucial role in incentivizing participation and fostering growth within our community.

Please note that these "locked" tokens are held by the DAO and require community approval for unlocking. This ensures that any decision to unlock these tokens is made collectively, aligning with our commitment to decentralized governance and community involvement.

Liquidity

  • Percentage: 5%

  • Amount: 100 million tokens

  • Vesting: Locked

These tokens are locked to provide liquidity in the market, ensuring smooth transactions for our users.

Grants

  • Percentage: 8%

  • Amount: 160 million tokens

  • Vesting: Locked

We believe in supporting innovative ideas and projects in our ecosystem. These tokens are reserved for grants.

Reserve

  • Percentage: 12%

  • Amount: 240 million tokens

  • Vesting: Locked

These tokens are kept in reserve to ensure the long-term sustainability and growth of our project.

Last updated

SnowconeDAO