Token distribution

This article will help you understand how the $JRT token supply will evolve in the next 10 years. We will start with the DAO and team token distribution before diving into the token sales one.

DAO treasury

The DAO was seeded with 100M $JRT. Around 9M $JRT have been distributed through two incentives programs in 2020.

The 91M $JRT remaining would need to be distributed through incentives programs, trading competitions and grants for the next 10 years (the DAO will receive 10M $JRT per year).

The DAO will also have to manage a smart Balancer pool with JRT-USDC.

Team distribution

The Jarvis LTD company received 40M $JRT. A maximum of 3M $JRT will be shared every year for at least the next 10 years among the team members. 10M $JRT have been allocated to liquidity provision on Uniswap, Sushiswap, Balancer, Bitmax and Switcheo.

Distribution breakdown of the 2017–2019 token sales

The participants to these first sales have quite unique features:

• unlike most of the ICOs, Jarvis’ happened among a french community of non-crypto people, mostly Forex traders, moved by the exciting idea of a Finance 3.0;
• some of them do not even have wallets yet, they just follow the project, waiting for the DAO to be launched;
• only a handful withdraw their initial investment, but most of them did not sell their JRT during the summer craze.

420 participants bought 291,707,869.96 $JRT

• 30,621,093.30 tokens were unlocked and claimable from December 2019
• 261,086,776.66 tokens are locked and will be gradually claimable for the next two years starting from January 2021

Token unlocked distribution

• 19.76M $JRT have been claimed by 197 participants (46.9%) and sent to them;
• 4.09M $JRT have been claimed by 39 participants (9.3%) who decided not to receive them; they expressed their will to wait for the launch of the DAO and to stake them there directly;
• 6.75M $JRT remain unclaimed by 184 participants (43.8%).

Token locked distribution:

Locked tokens were supposed to be locked within the DAO, and unlocked gradually every second for 2 years; since the DAO is not launched yet, we asked our community whether they would like to start receiving them every week until the DAO is launched, and then lock the leftovers within the latter, or to simply wait for the DAO launch; a large number of beneficiaries requested to lock their bonus tokens directly in the DAO.

• 58.24M $JRT have been claimed by 104 participants, who are now receiving 1/104e of that amount every week until the launch of the DAO; this amounts for 560k $JRT per week.
• 134M $JRT have been claimed by 74 participants, who requested to wait for the launch of the DAO to lock them directly in there;
• 67M $JRT remain unclaimed by 242 participants; if the tokens are not claimed by end of March 2021, they will either be burned or added to the DAO treasury.

Numbers show that 58 participants who claimed and received their unlocked tokens did not claim their unlocked token yet.

Distribution breakdown of the 2020 token sale

112 participants bought 98,452,086.58 $JRT

• 31,683,717.68 $JRT were unlocked after 90 days;
• 66,768,668.90 $JRT were unlocked after 180 days.

90 days locked tokens distribution

• 27.58M $JRT have been claimed by 85 participants, and were sent to them;
• 2.47M $JRT have been claimed by 14 participants, but they expressed their will to wait for the launch of the DAO to receive them, in order to stake them directly;
• 1.64M $JRT remain unclaimed by 7 participants.

180 days locked tokens distribution

• 17.31M $JRT have been claimed by 46 participants, and were sent to them;
• 45.93M $JRT have been claimed by 46 participants, but they expressed their will to wait for the launch of the DAO;
• 3.54M $JRT remain unclaimed by 20 participants.

Our first article about the token distribution had a pretty violent reaction ($JRT price went from 30c down to below 10c), as many recent buyers were afraid that investors will “dump on them” immediately after the release of the tokens. However, these numbers show that the large majority of $JRT holders are patient and have long-term commitment who asked to postpone the release; on-chain data shows that the vast majority of the ones who received their tokens did not sell them, and the number of holders has been growing.

Locked token within the DAO

Around 193M locked $JRT in the DAO will be gradually unlocked every second, until January 2023. Unlocked tokens can be claimed by the investors at any time, adding them into the circulation supply. The DAO will of course be able to prolong this period.

Participating in the governance will require staking $JRT within the DAO, and lock them for 1 to 3 months depending on the voting power the participants want to acquire. Participants will be able to vote with their unlocked and unclaimed $JRT, as well as with their JRT-ETH LP token (Uniswap, Sushiswap, Bancor, Balancer, etc.).

Pascal (pscltllrd on Twitter).

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⛔ Disclaimer: This article contains text, data, graphics, photographs, illustrations, and information (“Information”) connected with Jarvis International and/or other entities part of the Jarvis group ( “Jarvis”). Jarvis attempts to ensure Information is accurate, however, information is provided “AS IS” and on an “AS AVAILABLE” basis and may not be accurate or up to date. The publication of this article does not represent solicitation by Jarvis of buying the token “Jarvis Reward Token” and is not to be considered as a recommendation by Jarvis as to the suitability of any investment, if any, herein described. No action should be taken or omitted to be taken in reliance upon the information in this document. Jarvis accepts no liability for the results of any action taken on the basis of the Information.