$GVDT Distribution

This page provides details on the specified $GVDT distribution allocations.

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Last updated 1 year ago

$GVDT Distribution

This page provides details on the specified $GVDT distribution allocations.

FORWARD NOTE:

To enable participation in governance on GOV.DAO´s DAO launch, all $GVDT tokens will be issued and outstanding on the $GVDT Token Generation Event ("TGE"), except for $GVDT token allocations reserved for the DAO´s Treasury and Legal Governance Incentives. For the $GVDT token allocations issued and outstanding on TGE, vesting conditions will be applied by using GOV.DAO´s . The applicable locking mechanisms are to regulate $GVDT distribution. This token distribution structure is intended to ensure that $GVDT tokens are distributed in a manner that supports the long-term sustainability of GOV.DAO.

$GVDT DISTRIBUTION ALLOCATIONS AND $GVDT TOKEN LOCK CONDITIONS

TREASURY RESERVE: 3,500,000 $GVDT tokens, representing 35% of the total token supply, are held and locked in GOV.DAO´s treasury reserve wallet ("Treasury Tokens"). At the discretion of members participating in GOV.DAO´s governance, Treasury Tokens may by unlocked and distributed for various purposes, including for, but not limited to: i) fundraising requirements; ii) liquidity requirements; and iii) fostering community and development of GOV.DAO´s ecosystem.
LEGAL GOVERNANCE REWARDS: 1,000,000 $GVDT tokens, representing 10% of the total token supply, are reserved and allocated for distribution as rewards to Legal Governance Token ("LGT") holders, for the purpose of incentivising their participation on the Legal Consensus Platform ("LGT Reward Tokens"). LGT Reward Tokens will be unlocked and issued in accordance with the conditions of the LGT rewards smart contract.
$GVDT SEED TOKENS: 1,000,000 $GVDT tokens, representing 10% of the total token supply, will be issued to participants in the $GVDT ("Seed Tokens"). 100% of the Seed Tokens will be issued to participants on TGE. Seed Tokens will not be subject to token lock conditions for the reason of providing participants flexibility in their options for DAO participation (including liquidity, governance, and reward participation options).
FOUNDER TOKENS: 1,000,000 $GVDT tokens, representing 10% of the total token supply are allocated to the founding members of GOV.DAO ("Founder Tokens"). 100% of the Founder Tokens will be issued on TGE in order to grant founders governance participation rights. 100% of the Founder Tokens will be subject to 2-year token lock period from TGE, followed by a 30-month linear token unlock and distribution schedule. Founder Tokens are subject to the longest token lock period applicable to $GVDT tokens. This is for the purpose of incentivising founder participation and long term commitment to the continuity and sustainability of GOV.DAO.
GOV.DAO ADVISORY (TEAM) TOKENS: 3,100,000 $GVDT tokens, representing 31% of the total token supply, are allocated to GOV.DAO Advisory ("GD Team Tokens"). 100% of the GD Team Tokens will be issued on TGE to GOV.DAO Advisory. 100% of the GD Team Tokens will be subject to variable token lock periods (with 50% of the GD Team Tokens subject to a minimum 1 year token lock period from TGE, followed by a 30-month linear token unlock and distribution schedule, and the remaining 50% subject to the same token lock period as applicable to the Founder Tokens [unless required for grants made to new team members]). The purpose of GOV.DAO´s $GVDT allocation to GOV.DAO Advisory is to incentivise and reward participation in the advisory and development services provided by GOV.DAO Advisory. The GD Team Tokens will be granted to founding team members and new team members at the sole discretion of GOV.DAO Advisory. All GD Team Tokens granted will be subject to the applicable GD Team Tokens´ token lock periods (applicable from the date of grant).
ADVISOR TOKENS: 200,000 $GVDT tokens, representing 2% of the total token supply, are reserved for allocation to advisors. 100% of the Advisor Tokens granted will be issued on TGE. All issued Advisor Tokens are subject to a 1-year token lock period followed by a 12-month linear token unlock from TGE. All Advisor Tokens granted post TGE will be subject to the same token lock periods applicable from the date of grant.
STRATEGIC PARTNERS: 200,000 $GVDT tokens, representing 2% of the total token supply, are reserved for allocation to strategic partners ("Partner Tokens"). 100% of the Partner Tokens granted will be issued on TGE. All issued Partner Tokens are subject to a 1-year token lock period followed by a 12-month linear token unlock and distribution schedule from TGE. All Partner Tokens granted post TGE will be subject to the same token lock periods applicable from the date of grant.

Previous$GVDT - Token Supply and Distribution Next$GVDT - Utility

Last updated 1 year ago

FORWARD NOTE:

$GVDT DISTRIBUTION ALLOCATIONS AND $GVDT TOKEN LOCK CONDITIONS

TREASURY RESERVE: 3,500,000 $GVDT tokens, representing 35% of the total token supply, are held and locked in GOV.DAO´s treasury reserve wallet ("Treasury Tokens"). At the discretion of members participating in GOV.DAO´s governance, Treasury Tokens may by unlocked and distributed for various purposes, including for, but not limited to: i) fundraising requirements; ii) liquidity requirements; and iii) fostering community and development of GOV.DAO´s ecosystem.
LEGAL GOVERNANCE REWARDS: 1,000,000 $GVDT tokens, representing 10% of the total token supply, are reserved and allocated for distribution as rewards to Legal Governance Token ("LGT") holders, for the purpose of incentivising their participation on the Legal Consensus Platform ("LGT Reward Tokens"). LGT Reward Tokens will be unlocked and issued in accordance with the conditions of the LGT rewards smart contract.
$GVDT SEED TOKENS: 1,000,000 $GVDT tokens, representing 10% of the total token supply, will be issued to participants in the $GVDT ("Seed Tokens"). 100% of the Seed Tokens will be issued to participants on TGE. Seed Tokens will not be subject to token lock conditions for the reason of providing participants flexibility in their options for DAO participation (including liquidity, governance, and reward participation options).
FOUNDER TOKENS: 1,000,000 $GVDT tokens, representing 10% of the total token supply are allocated to the founding members of GOV.DAO ("Founder Tokens"). 100% of the Founder Tokens will be issued on TGE in order to grant founders governance participation rights. 100% of the Founder Tokens will be subject to 2-year token lock period from TGE, followed by a 30-month linear token unlock and distribution schedule. Founder Tokens are subject to the longest token lock period applicable to $GVDT tokens. This is for the purpose of incentivising founder participation and long term commitment to the continuity and sustainability of GOV.DAO.
GOV.DAO ADVISORY (TEAM) TOKENS: 3,100,000 $GVDT tokens, representing 31% of the total token supply, are allocated to GOV.DAO Advisory ("GD Team Tokens"). 100% of the GD Team Tokens will be issued on TGE to GOV.DAO Advisory. 100% of the GD Team Tokens will be subject to variable token lock periods (with 50% of the GD Team Tokens subject to a minimum 1 year token lock period from TGE, followed by a 30-month linear token unlock and distribution schedule, and the remaining 50% subject to the same token lock period as applicable to the Founder Tokens [unless required for grants made to new team members]). The purpose of GOV.DAO´s $GVDT allocation to GOV.DAO Advisory is to incentivise and reward participation in the advisory and development services provided by GOV.DAO Advisory. The GD Team Tokens will be granted to founding team members and new team members at the sole discretion of GOV.DAO Advisory. All GD Team Tokens granted will be subject to the applicable GD Team Tokens´ token lock periods (applicable from the date of grant).
ADVISOR TOKENS: 200,000 $GVDT tokens, representing 2% of the total token supply, are reserved for allocation to advisors. 100% of the Advisor Tokens granted will be issued on TGE. All issued Advisor Tokens are subject to a 1-year token lock period followed by a 12-month linear token unlock from TGE. All Advisor Tokens granted post TGE will be subject to the same token lock periods applicable from the date of grant.
STRATEGIC PARTNERS: 200,000 $GVDT tokens, representing 2% of the total token supply, are reserved for allocation to strategic partners ("Partner Tokens"). 100% of the Partner Tokens granted will be issued on TGE. All issued Partner Tokens are subject to a 1-year token lock period followed by a 12-month linear token unlock and distribution schedule from TGE. All Partner Tokens granted post TGE will be subject to the same token lock periods applicable from the date of grant.