Jan 31
Tokenomics Update: Performance-Based Vesting
We’re excited to announce a new vesting schedule that aligns with the long-term growth of Atlas DEX.
In support of our project’s growth, our institutional investors have come together to extend the locked period of their tokens to 6 months or more. We’re looking forward to partnering with our institutional investors long-term, particularly as we continue to build new innovative features and products in the coming months.
The updated vesting schedule also includes a Performance-Based Vesting approach — a novel kind of vesting model, designed to improve alignment between project performance and token unlocks.
Why Performance-Based Vesting and what is it?
The Performance-Based Vesting model is when investor tokens are unlocked upon the project reaching a certain milestone (like trading volume).
This model aligns investor incentives with the performance of Atlas DEX, by encouraging investors to:
- Utilize the cross-chain swap platform
- Refer the Atlas DEX products among their network
- Provide feedback to assist the improvement of product functionality
This partnership with investors will further support our growth and development as a leading project in the DeFi ecosystem.
What’s changed in the Atlas DEX tokenomics?
Previously, our institutional investor allocation had a vesting schedule of:
- Locked for 7 days, then of their allocation;
- 10% vested linearly for 10 days (Day 8–18); then
- 90% vested linearly for 2 years
Now, the vesting schedule has a longer locked-period and includes Performance-Based Vesting:
If we achieve total swap volumes of >$3b within 6 months:
- Locked for 6 months, then of their allocation;
- 10% vested linearly for 10 days; then
- 90% vested linearly for 2 years
If we achieve total swap volumes of <$3b within 6 months:
- Locked for 9 months, then of their allocation;
- 10% vested linearly for 10 days; then
- 90% vested linearly for 2 years
You can see our updated tokenomics here.
Why 6 months?
The 6 month period aligns with the Atlas DEX roadmap, as we have many exciting features and products launching in Q1, Q2 & Q3, bringing greater utility to $ATS. Here are some of them:
- 2-way swaps between integrated chains
- Additional chains such as Avax & Terra
- $ATS staking, liquidity pools and farms
- All-in-one DeFi dashboard
- NFT marketplace
We are proud to build the cross-chain DeFi platform of the future!
Thank you for being a part of our community.
