Vesting details
Introduction
In a previous article, we looked at the new tokenomics, today, we’re diving into the nitty-gritty of how the new token vesting. It’s a big part of kicking things off, and we want to make sure you’ve got the full scoop on how it all goes down.
Vesting details
Let’s walk through the different allocations and check out their specific vesting schedules, with a visual reminder of tokenomics
Community airdrop: Vesting over 12 months, 0% unlocked at TGE with 5% of the total allocation unlocked each month.
Treasury: Vesting over 12 months, with 10% unlocked at TGE and 10% of the total allocation unlocked each month.
Team tokens: Vesting over 12 months with no initial unlock at TGE and no monthly unlock. Tokens will remain fully locked and will not be accessible until the end of this one-year vesting period.
MEXC holders: 100% of the tokens will be immediately available at the TGE and sent to MEXC to execute the automatic swap for the CEX holders.
Initial liquidity: 100% of the tokens will be available immediately at TGE and added to the liquidity pool in pairs with $USDC. The LP token will then be sent to a multi-sig address.
Airdrop relaunch: Vesting over 3 months with 16.65% at TGE and then be-weekly unlock.
Indeed, it is more than necessary to have vesting on the airdrop relaunched tokens part, the objective being to reduce the selling pressure while improving the liquidity of our pool by leveraging Aerodrome thanks to our veNFTs in our treasury. During these three months, tokens will be progressively released every two weeks until 100% of the distribution is reached, users should claim their amount on the selected vesting, you as a holder can only claim the unlocked amount. To make it simple and clear, for this 3-month vesting with a bi-weekly release, each bi-weekly release would correspond to a release of 16.65% of the allocated tokens over 6 weeks, starting at TGE.
Metrics at launch
Community airdrop: 0% unlocked at TGE.
Treasury: 10% unlocked at TGE, corresponding to 400,000 tokens at launch.
Team tokens: 0% unlocked at TGE
MEXC holders: 100% unlock at TGE, corresponding to 1,180,000 tokens at launch.
Initial liquidity: 100% unlock at TGE, corresponding to 100,000 tokens at launch.
Airdrop relaunch: 16.65% unlocked at TGE, corresponding to 1,665,000 tokens at launch.
The circulating supply at TGE will be around 3,345,000 tokens with a launch price of $3.15, giving a market capitalization of $10,536,750. Bear in mind that the majority of tokens (71.6%) are allocated to the community.
Conclusion
In conclusion, understanding the vesting process for the new token is crucial for all stakeholders involved. From the gradual release of the community airdrop tokens to the immediate availability of MEXC holder tokens at TGE, each category has been carefully structured to balance accessibility with the long-term stability and liquidity of the new token.
As we move forward, the vesting strategy will play a pivotal role in managing a healthy relaunch for our token. Keep an eye out for the next update!
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