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OM Token — Circulating Supply Emission Schedule

Committed to being fully transparent to our community

MANTRA DAO’s Native OM Token

Things have been heating up leading up to our IMO token distribution, and we couldn’t be more grateful for the support we’ve received thus far from the community! At the same time, we’ve noticed an increasing amount of questions regarding the OM token distribution and its emission schedule. For the sake of full transparency and commitment to our community, we’d like to carve out this space to establish some key facts regarding the OM token distribution, so that it may serve everyone in the community as a reference point for our progress moving forward.

Without further ado, the total (locked and circulating) OM token supply will be set at 888,888,888 OM, and circulating supply at the outset of the Token Generation Event (‘TGE’) will begin at 101,111,111 OM. The supply schedule will be split into seven different buckets with emissions following the below details:

OM Token 5-year Circulating Supply Emission Schedule

Public Distribution (Includes Pre-IMO, and IMO rounds I, II, and III):

- 8.5% of total supply, or 75,555,555 OM;

- No lock-up;

- 75,555,555 OM will be circulating from at TGE;

- All 75,555,555 OM will be able to be staked and earn staking rewards from day 1 since TGE;

- The staking rewards emission schedule is designed so that early stakers receive a greater proportion of the staking rewards bucket, and this decreases over time.

Private Distribution:

- 9% of total supply, or 80,000,000 OM;

- Locked-up with 6 month vesting period, with 1/6th vesting on the first day of each month;

- 13,333,333 OM will begin circulating at TGE, with another 13,333,333 OM unlocking on each of the 31st, 61st, 91st, 121st and 151st days upon TGE;

- All 80,000,000 OM will be able to be staked and earn staking rewards from day 1 since TGE.

Team & Advisors:

- 17.5% of total supply, or 155,555,555 OM;

- Locked-up with vesting as follows:

- Zero OM will be circulating at TGE, and for the first 180 days since TGE;

- 1/18th, or 8,641,975 OM, will vest and come into circulation every thirty days, from the 181st day through the 691st day since TGE;

- All 155,555,555 OM will be able to be staked and earn staking rewards from day 1 since TGE.

Staking Rewards:

- 30% of total supply, or 266,666,666 OM;

- Locked-up at TGE, and will be unlocked on a rolling basis at a decaying growth rate so that:

- All 266,666,666 OM will unlock by the end of the 5th year since TGE (roughly 1826 days since TGE);

- Unlocking schedule will follow a non-linear decaying growth function, such that a greater proportion of staking rewards will be unlocked on the earlier days and a lower proportion in the later days;

- The purpose of this is to create a concave downward release curve, so that early stakers receive a greater proportion of the staking rewards bucket, and this decreases over time;

- The team is still modeling out several scenarios, and the exact decaying growth rate will be shared with the community ahead of the TGE;

- Locked staking rewards tokens will not be eligible to earn staking rewards;

- Unlocked and earned staking rewards will be eligible to be staked and earn staking rewards from the day they become unlocked and distributed to token holders.

Referrals:

- 12.5% of total supply, or 111,111,111 OM;

- 15% of referral tokens, or 16,666,666 OM tokens will be unlocked and enter circulating supply over the first 151 days since TGE, according to the following schedule:

- 5% of the referral’s bucket, or 5,555,555 OM, will be unlocked and begin circulating at TGE;

- 2% of the referral’s bucket, or 2,222,222 OM, will be unlocked on each of the 31st, 61st, 91st, 121st and 151st days since TGE, for a total of 11,111,111 OM to be unlocked and begin circulating during this time period;

- The remaining 85% of referral tokens, or 94,444,444 OM will be unlocked on a rolling basis at a linear release rate starting day 366 since TGE such that 100% of referral tokens will be unlocked by the end of the 5th year since TGE (roughly 1826 days since TGE);

- Referral tokens are meant to be used for MANTRA DAO community and ecosystem development activities, including airdrops, bounty campaigns, exchange and refer-a-friend promotions, among other promotional and community building campaigns;

- If referrals are determined to no longer be needed for MANTRA DAO community and ecosystem growth, the community may issue an on-chain governance proposal to burn all outstanding referral tokens;

- Locked referral tokens will not be eligible to earn staking rewards;

- Unlocked and distributed referral tokens will be eligible to be staked and earn staking rewards from the day they become unlocked and distributed.

Reserves:

- 10% of total supply, or 88,888,888 OM;

- 7.5% of the reserves bucket, or 6,666,666 OM, will be unlocked at TGE;

- These will be used for market liquidity provisions at the outset of TGE, and are expected to remain with the foundation for future re-allocation or burning;

- The remaining 92.5% of reserve tokens, or 82,222,222 OM will be unlocked on a rolling basis at a linear release rate starting day 366 since TGE such that 100% of reserve tokens will be unlocked by the end of the 5th year since TGE (roughly 1,826 days since TGE);

- Reserve tokens are meant to provide the MANTRA DAO foundation an alternate source of funding should it be required in the future;

- If reserves are determined to no longer be needed for MANTRA DAO community and ecosystem growth, the community may issue an on-chain governance proposal to burn all outstanding reserve tokens;

- Locked reserve tokens will not be eligible to earn staking rewards;

- Unlocked and distributed reserve tokens will be eligible to be staked and earn staking rewards from the day they become unlocked and distributed.

Grants:

- 12.5% of total supply, or 111,111,111 OM;

- Grant tokens are meant to be used to fund MANTRA DAO protocol improvement and development initiatives, and will only unlock upon community on-chain governance proposals passing minimum thresholds of approval;

- If grants are determined to not be needed for MANTRA DAO development growth, the grant tokens will never be unlocked and will essentially remain outside of circulating supply;

- Locked grant tokens will not be eligible to earn staking rewards;

- Unlocked and distributed grant tokens will be eligible to be staked and earn staking rewards from the day they become unlocked and distributed.

In addition to the above distribution schedule, and as was proposed earlier to the community, the team is modeling out different inflation model scenarios to be included along with the above token emission schedule, as well as token burning mechanisms through MANTRA POOL and protocol level fees. Further details on the finalized inflationary model and burning mechanisms will be announced ahead of TGE.

We hope that the above information is helpful to our community in staying up to date with the specific details around MANTRA DAO’s token distribution and tokenomic model. The DeFi space is still in its very early stages, and like any other project in DeFi we remain constantly learning and evolving along with the broader DeFi space, and so as to maximize token holder value. With that in mind, please trust that the MANTRA DAO team is taking special care in researching, modeling, and implementing changes to our model as the DeFi space evolves.

About MANTRA DAO

MANTRA DAO is a community-governed DeFi platform focusing on Staking, Lending, and Governance.

MANTRA DAO leverages the wisdom of the crowd to create a community-governed, transparent, and decentralized ecosystem for web 3.0. Built on Parity Substrate for the Polkadot ecosystem, MANTRA DAO gives financial control back to the people to grow wealth together.

www.mantradao.com

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