πAllocation & Distribution
Last updated
Last updated
Eclipse Pad will have a fully diluted token supply of 300 million tokens. The tokens will be distributed in the following way:
21
Community Incentives
Bootstrapping early $ECLIP staking and incentivising liquidity providers.
3 year linear vest
63 million tokens
21
Ecosystem Growth
Airdrops, marketing and partnerships. Future grants, hackathons and expansion.
5 % at TGE, then 2 year linear vest
63 million tokens
15
Team
Core team and future hires
6 months cliff, then 30 months linear vest, daily
45 million tokens
4
Strategic Advisors
Experienced advisors and backers.
6 months cliff, then 30 months linear vest, daily
12 million tokens
22
Private Investors
Pre-seed, seed and private investors.
5-10% at TGE, 5-6 month cliff, then 20-30 month linear vest, daily
66 million tokens
10
Treasury
Strategic reserve for stability and growth. Will transition to a community pool.
10% at TGE, 3 month cliff, 1 year linear vesting
30 million tokens
3
Public Sale
Allocation to go towards public sale.
20% at TGE, 6 months linear vest, daily.
9 million tokens
5
Floating Liquidity
Market makers and seeding LP pools.
100% at TGE
15 million tokens
Token distribution is an important part of launchpads, where tokens are used to build the platform, market, and create strategic partnerships.
Token supply is distributed with the following release schedule:
Here is the tokenomics pie chart:
The team allocation factors in incentives for the core team as well as a reserve for future hires and scaling of the team, including community developers. Team allocation includes a 6-month cliff and vests linearly over the following 30 months. Tokens are distributed daily through a vesting contract
Ecosystem growth is a fund to accelerate the growth of Eclipse Pad. This will be allocated towards marketing, airdrops, partnerships, and community growth programs. The ecosystem growth pool will have 1.05% of the total supply released at the token generation event, and the rest will be vested linearly over 24 months.
Community incentives allocation will bootstrap initial staking rewards, liquidity mining rewards for liquidity providers, and accumulating protocol-owned liquidity. The community incentives pool will be vested linearly over a 36-month period.
Pre-seed investors who contributed funds to the early funding and development of Eclipse Pad will receive an allocation of 0.35% of the total supply at token generation, followed by a 6-month cliff and the remaining 6.65% vesting linearly over the following 30 months. Distribution occurs daily through a vesting contract.
Seed investors who contributed funds to the initial development and launch of Eclipse Pad will receive an allocation of 0.525% of the total supply at token generation, followed by a 6-month cliff and the remaining 6.475% vesting linearly over the following 24 months. Distribution occurs daily through a vesting contract.
Private round investors who contributed funds to the development, launch, and scaling of Eclipse Pad will receive an allocation of 0.8% of the total supply at token generation, followed by a 5-month cliff, and the remaining 7.2% vesting linearly over the following 20 months. Distribution occurs daily through a vesting contract.
Strategic advisors are instrumental to the success and growth of Eclipse Pad. They bring deep experience in various areas of business and web3, invaluable advice, fresh perspectives, and strategic connections which are all required to build the vision.
Advisors will receive an allocation of 4% (12M) of the total supply, there will be a 6-month cliff from token generation; after which the advisor allocation will vest linearly over the following 30 months. Distribution occurs daily through a vesting contract.
The floating liquidity allocation is in place to ensure that $ECLIP token liquidity pools are seeded correctly and have deep enough liquidity. Centralised exchanges and market makers also have minimum liquidity requirements for listings, so this pool will be used for lending to market makers when the $ECLIP token is listed on exchanges.
This floating liquidity allocation will be fully unlocked at the token generation event and managed by a multi-sig controlled by the core team. This pool will be deployed where required for liquidity.
The unused surplus in this pool may be used strategically to lend to other areas to keep these tokens productive.
The treasury is constructed as a discretionary fund to ensure the stability of the protocol and cover operational and growth expenses. It will also be used to invest strategically in the ecosystem and build up a war chest of assets. The treasury will initially be managed by the platform and is planned to transition to a community-controlled model.
The public sale allocation will be used towards the $ECLIP token IDO on multiple strategic launchpads across the space, as well as our own IDO on the Eclipse platform. Public investors in the $ECLIP IDO will receive 0.6% of the total token supply at Token generation. With the remaining 2.4% vested linearly over a 6-month period and with a daily claiming contract. These vested positions will be able to be converted into an NFT position and traded on the secondary market.