Tokenomic
The total supply of FTD tokens will amount to 100,000,000.
The initial token distribution plan for the 42DAO is designed to balance the 42DAO's operations and promote decentralization by reducing the allocation for Seeds and Strategic Investment. The plan also increases the allocation for the Ecosystem to support further development and growth of the Balance Protocol. The distribution plan is as follows:
Ecosystem: A significant portion of tokens will be allocated to the Ecosystem to support the ongoing development, expansion, and maintenance of the 42DAO's ecosystem. This includes funding for new features, partnerships, and other initiatives that will contribute to the 42DAO's long-term success.
DAO Governance: This section of tokens is primarily intended to ensure effective management and operation of the 42DAO, and to allow community members to participate in the making of significant decisions. This will occur in the form of voting rights, where token holders can vote on various proposals, such as the introduction of new features, changes to rules, or establishment of partnership relationships. By doing so, the direction of the 42DAO can be guided and supervised collectively by all members of its community.
Seeds and Strategic Investment: The allocation for this category will be decreased to ensure a more decentralized distribution of tokens and reduce the influence of large investors on the 42DAO.
Note: The primary goal of allocating tokens to initial liquidity is to ensure there is enough liquidity available in the market from the start. This can help in providing price stability and facilitating smooth trading operations. Immediate availability without a lock period can help achieve these goals effectively.
| Token Distribution | Token Supply | Percentage | Vesting |
|---|---|---|---|
BLC Minting Rewards and BLC Ecosystem Applications | 40,000,000 | 40.00% | Vesting is the gradual release of BLC minting rewards over time, promoting long-term commitment within the BLC ecosystem. |
Community and BLC Staking Rewards | 27,000,000 | 27.00% | Gradual release of rewards over time, encouraging ongoing participation and commitment. |
DAO Governance | 20,000,000 | 20.00% | 6-month cliff, then 36 months of equal monthly vesting. |
Seeds and Strategic investment | 10,000,000 | 10.00% | 6-month cliff, then 36 months of equal monthly vesting. |
Initial Liquidity | 3,000,000 | 3.00% | Fully unlocked |
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