TOP Token Allocation Update

The TOP token was officially issued on the Ethereum in 2019, allowing users to trade and earn on-chain rewards through staking. With the official launch of the TOP mainnet and the increase in on-chain application scenarios, we initiated the 1:1 swap plan from ETH-TOP to Native TOP in 2021. All TOP users need to swap their ETH-TOP for Native TOP to enable transactions, staking, and participation in node operations on the mainnet.

TOP AI Network (formerly TOP Network) has been in development for five years, and at this stage, the tokens held by the team, foundation, market, and investors have been unlocked and entered circulation.

The mainnet mining portion accounts for 38%, and the mainnet mining has now entered its third year. According to our economic model, the output of mainnet mining will decrease annually. The rewards generated will gradually enter the market circulation as well.

The current circulation is equal to 12.4 billion (including team + foundation + investors + market) + total mined rewards — burned tokens.

At the time of the mainnet genesis, 38% of the reserved 20 billion tokens were allocated as rewards. The issuance mechanism for these tokens is as follows: 8% of the remaining reserved rewards will be issued each year (this ratio can be adjusted through on-chain governance).

As the reserved rewards decrease each year, the actual issuance ratio will also decrease. When the issuance ratio drops below 2% (this ratio can also be adjusted through on-chain governance), a fixed 2% of the 20 billion tokens will be issued annually thereafter.

The calculation method for the annual total reward ratio is: Total rewards for year n = max (Remaining reserved rewards at the beginning of year n * 8%, 2% of 20 billion). The remaining reserved rewards at the start of the genesis year were 38% of 20 billion.

For example, the first year’s total reward ratio is 38% * 8% = 3.04%; the second year’s total reward ratio is (38% — 3.04%) * 8% = 2.7968%.

After the mainnet launch, ETH-TOP tokens have been gradually burned. Below is the distribution of key TOP mainnet addresses, now disclosed to the community. Some of these have already been used on the mainnet.

Foundation
T00000LSmt4xfNdC2v8xQHRSbfSQ7b5aC1UTXWfo: 1 billion
T00000Lg24i2TweBikod4UJwmMS8TqgwvHooFYMp: 1 billion
T00000LcM8Pn37SRF5RaTHZLsRW4wudDVE9BAXy8: 1 billion

Team
T00000LQVpfcUeqPWmdPJz4sgin1gqDHYPWjRXxE: 600 million
T00000LLbE1gpPGbWEmtM3i9DPU1kFC5BzHp8iAx: 600 million
T00000La757CbMh1kpv19cFsCz2CAqVvk5ymuryD: 600 million
T00000LLN5NYKGNRVTG2dzpC8o5jQK1Q9ArHDMvL: 600 million

About TOP AI Network

Established in 2018, TOP AI Network (formerly TOP Network) focuses on serving a broad user base, delivering a high-demand user experience, and supporting large-scale, cost-sensitive businesses. Aiming to be the blockchain infrastructure for DePIN with AI computing power, it supports Web3.0, DePIN, and gaming sectors requiring high transaction throughput, speed, low fees, and excellent user experience.

TOP Chain employs sharding technology and a three-layer network to deliver a powerful blockchain with low costs, low entry barriers, and high throughput, effectively meeting real-time performance needs, especially for AI businesses.

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