AFK Warriors 👋🏻
Despite the challenging market condition, the AFKDAO team is still pushing the project as per the roadmap. As the IDO and our launch are right at the corner, we would like to announce the latest update about the tokenomics that everyone is looking forward to.
Here are some highlights of the tokenomics adjustment:
1. The Treasury is now 23.78% of total supply, with an over 4-year vesting schedule. No TGE release. The vesting is now enforced by a smart contract
2. The Ecosystem is now 47% of total supply with an over 4 years vesting schedule. The TGE release of Ecosystem has been reduced from 10% to 2%. The vesting is now enforced by smart contract.
3. The Investors have been reduced to 11.22% with 3.86% in Seed, 6.55% in Private, and 0.81% in Public Sale respectively. All difference from the previous Investor allocation will be added to The Treasury and Ecosystem.
4. 25% of Public Sale (0.2025% of total allocation) will be released upon TGE
5. The airdrop release upon TGE is 0.1%. The rest of the total 1% will be released quarterly in 4 quarters.
6. The team and advisor vesting remains the same
With all the adjustments, we ensure that the $AFK is sustainable and that the initial market cap aligns with the current market situation. With more BUIDL and exciting partnerships coming on board, together we are making AFKDAO a unique and robust NFT rental ecosystem.
AFKDAO Team
Tokenomics: https://docs.afkdao.io/6.0-tokenomics
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