Centaur’s Transparency Report
(this post will be updated frequently, last updated on 14 October 2020)
In this report, we will be breaking down to our best ability the:
- Release schedule of Ecosystem and Treasury CNTR tokens
- Vesting schedule of the Team/Advisor’s CNTR token
- Vesting schedule of the Seed Investor
- Governance on the token holdings
- Private sale token vesting schedule
We have also uploaded our full vesting schedule which can be viewed here.
Circulating Supply (TGE)
- Public Sale: 83,333,333
- Private Sale: 86,250,000
- Reserves: 12,000,000
- Ecosystem Development: 22,875,000
- Total Percentage in Circulation at TGE: 3.41%
Ecosystem Development Tokens
The ecosystem tokens represent 38.13% of the total token supply of CNTR tokens.
Released monthly over 4 years, varying from 1–5% — the release schedule is determined according to the road map. A higher percentage will be released on months where a product is launched and when staking rewards are due.
Use: Oracle Rewards, Staking rewards, Network Fees, Governance
On-chain Audit Trail: https://etherscan.io/address/0x85bC51D4491F8A1046BF6a7975A3234Dcf49ac80
Founders and Advisor’s Tokens
The team and advisory’s tokens represent 15% of the total token supply of CNTR tokens.
With a 9 months cliff that is distributed quarterly over three years thereafter.
On-chain Audit Trail (Team): https://etherscan.io/address/0x84D94c877EdF38ac90A06725b71555Fb5730c152
On-chain Audit Trail (Advisor): https://etherscan.io/address/0x63d982Ec1de2215461220a11a15e6f4279aE5713
Seed Investor’s Tokens
The Seed Investor’s tokens represent 11.11% of the total token supply of CNTR tokens.
Vested over 10 years with 10% released per year at the end of each year.
On-chain Audit Trail: https://etherscan.io/address/0xB4939D2F299aAF269E65397b852B31cb3C543Cb9
The treasury tokens represent 20% of the total token supply of CNTR tokens.
Released monthly over 4 years, with percentages varying from 1–5%
Treasury tokens will be used to fund our day-to-day operational cost, licensed acquisition, and business development needs
The locked-up tokens have no voting rights.
On-chain Audit Trail: https://etherscan.io/address/0x8BB868DdDE287B9CEA6aed8d158fdfF8FFa4b426
Private sale token vesting schedule
The private sale tokens represent 14.38% of the total token supply of CNTR tokens.
10% unlocked, with 1-year vesting (10% unlock at T+3m, 20% unlock at T+6m, and 10% monthly thereafter)
On-chain Audit Trail:
Governance in the company is ensured through by a few means such as:
- On-chain audit trail that is observed by the public
- Annual company audit held by the Accounting and Corporate Regulatory Authority of Singapore
- Yearly reports to seed and private investors
A significant portion of the tokens are held within the organisation to realise the full scope of the project. Centaur is a platform carved for the specific use case of semi-decentralised finance, several parts of the solution need to be developed in-house and natively built onto the Centaur chain — as current market solutions do not meet the specifications required.
The idea of Centaur is noble — we are not trying to create a new framework, but instead spearhead the consolidation of a highly segmented market using cross-chain transactions. We believe in finding calm in the chaos and have certainly laid out a path to guide us all to a place where regulations meet DeFi.
We hope that you come along with us on this journey!