For those who were living under a rock last week, the Ampleforth IEO on Tokinex (Bitfinex’s new IEO platform) was a success — selling out in just 11 seconds!
Now begins the fun part: executing our vision and continuing our tireless push for awareness and education.
AMPL Token Distribution
Ecosystem (23.2%): The ecosystem fund will be used to invest in other projects, encourage the developer community, create bounty programs, drive marketing and develop business partnerships
Seed Investors (18.5%): Ampleforth’s stunning seed investors include the likes of True, Pantera, Founders Collective, FBG, Brian Armstrong and Slow Ventures. They are committed to our long-term success.
Series A Investors (3.3%): Ampleforth’s wonderful Series A investors include the likes of Huobi Capital, Nima, Skunk, Slow and Spartan.
IEO (10.0%): The IEO allocation was split into two rounds — an institutional round and a retail round
Team & Advisors (25.0%): The team and advisor pool includes both already allocated tokens and also unallocated tokens that will be used for future employees and advisors.
Treasury (20.0%): Ampleforth’s treasury will be used to sustain the foundation in a responsible manner, with the ultimate goal of distributing to as many users within the ecosystem in a sensible manner.
AMPL Token Release Schedule
Ecosystem: The ecosystem fund will linearly unlock starting from today for the next 19 months
Seed Investors: Seed investors agreed to additional lock-ups for the safety and health of the network. Seed investors are locked for an additional 6 months after listing with a 12 month linear unlock (18 months until full total unlock)
Series A Investors: Series A investors agreed to additional lock-ups for the health of the network. Series A investors are locked for an additional 3 months after listing with a 12 month linear unlock. There is one investor with early liquidity representing ~1% of the total token supply
IEO: Institutional round participants have 50% immediate liquidity and a 50% lock-up (to be distributed in 16.67% tranches in months 4, 5 and 6 from listing date). Retail round participants had 100% liquidity.
Team: Four-year vesting schedules with one-year cliffs. For already vested tokens (prior to listing date), the team agreed to an additional 7 month lock-up with 12 month linear unlock (total of 19 month lock until full token distribution). This was done for two reasons:
1. To show the team’s commitment to the long-term vision and success of the project and ‘smooth’ the token release curve to allow for more gradual distribution
2. To show the team is not putting itself ahead of its investors
Advisors: Same lock-up as team mentioned above (7 months locked with 12 month linear unlock)
Treasury: The treasury will not be unlocked until the 18th month after listing, to ensure there is a already a healthy ecosystem into which the tokens can be distributed into
AMPL Token Addresses:
- Smart Contract: https://etherscan.io/token/0xd46ba6d942050d489dbd938a2c909a5d5039a161
- Treasury: https://etherscan.io/address/0xb22ed4bec314d475a8782e0b6869f0144d46859c
For administrative and security reasons, we will start by holding all non-IEO funds within the Treasury wallet address (remember — this includes the Treasury, Ecosystem, Team & Advisor, Seed Investor and Series A Investor funds). We will eventually split the funds into proper sub-categories and wallets for increased transparency; however, we will wait until the proper administrative and security measures are in place (estimating a few weeks until completion).
478,947.38 AMPL tokens to PrimeTrust for distribution to on-shore institutional participants in the “IEO Block Round” (remember: another 478,947.38 AMPLs remain locked until months 4, 5 and 6 after listing) [https://etherscan.io/token/0xd46ba6d942050d489dbd938a2c909a5d5039a161?a=0xf4e11b89519eccd988a56749f1c64ad9bfe0298f]
4,042,105.27 AMPL tokens to Bitfinex for distribution to non-US retail and institutional participants in the IEO [https://etherscan.io/tx/0x97cd5617d7b3afd5180ee4554ba22b4c54c3d37537252a648d2abfa82405b98d]
45,478,947.35 AMPL remaining in the Ampleforth Treasury wallet address [https://etherscan.io/token/0xd46ba6d942050d489dbd938a2c909a5d5039a161?a=0xb22ed4bec314d475a8782e0b6869f0144d46859c]
The Ampleforth Team