Ultimate Guide to Unido Token Metrics
Update April: The Unido Team has committed to locking up more tokens that contractually unlocked by the vesting contract. This means that the maximum total circulating supply for September (Month 9) will be
62,927,618 UDO instead of the 55,785,049 UDO that was stipulated by the vesting contract. This breakdown is reflected on CoinGecko.
Token metrics is a branch of token economics and plays a key role in aligning incentives within the project’s ecosystem amongst early supporters, community participants, external clients and core team. This article is designed to provide a breakdown of the Unido token metrics, the vesting schedule and the designation behind each vesting position.
The Unido token metrics were designed hand in hand with our trusted partners, evaluating a plethora of token structures, considering best practice and tailoring it to reflect Unido’s requirements. The objective was to create strong token imperatives that captured the value of the ecosystem in the $UDO token, aligned the Unido ecosystem with development milestones and created an attractive vesting schedule that would incentivize different stakeholder groups.
Token Allocation & Vesting
Team: This allocation is created to incentivize the core team involved in building Unido, whose background can be found in our whitepaper. Team allocation is locked for 12 months after the TGE. After this time, the allocation (which represents 16% of the total token supply) will vest with Team nominated wallets in equal portions over a 12-month period.
Advisor: We are building a team of dedicated advisors who will improve our go-to-market, support in client acquisition and provide strategic value in the development of Unido. This allocation is locked for 6 months after the TGE. After this time, the allocation (which represents 9% of the total token supply) will vest with Advisor nominated wallets in equal portions over a 6-month period until exhausted.
Ecosystem Development Fund: The EDF is designed to subsidise 3rd party projects and developers who wish to utilise Unido’s technology, either via the Enterprise Platform or the Unido Core once we unlock the underlying technology via an API. The tokens are subject to a 3-month lockup period. Tokens to vest in equal portions over a 12-month period commencing on month 4 after the token generation event. The use of these funds will be subject to the community governance vote, once the DAO is launched.
Liquidity: Necessary to provide sufficient liquidity both on centralized and decentralized exchanges to reduce price volatility which is the prime contributor to inefficiency when accumulating and trading tokens. Additionally, the Liquidity funds will be used for the Unido Liquidity Mining Program, rewarding the community for liquidity provisioning with additional UDO tokens.
Reserve: The Reserve is controlled by the Unido Foundation which serves a broader development purpose including furthering the development of value adding products and features, community disbursement, partner grants, development and maintenance of Unido Core and the API bridge, and development of the Unido EP platform. 12.5% of these funds are unlocked at TGE to support the launch costs and the rest is vested over 17 months.
Key Facts and Figures
- Contact Address: 0xea3983fc6d0fbbc41fb6f6091f68f3e08894dc06
- Total Supply: 115,000,000
- Seed Price: $0.04
- Private Sale Price: $0.05
- Launch Price: $0.06
Whilst the Month 1 contracted vested circulating supply is 13.8m UDO, we have assessed the budget and determined that we do not require the full contracted amount in Month 1 and so the actual circulating amount is 8.1m UDO.
The released token represents only the essential amount we have deemed necessary for the first month and have committed to locking the remaining tokens for Month 1 in the team wallet until the next vest period on April 3rd. Wallet activity may be seen on EtherScan. Moving forward, we will continue assessing budgetary requirements regarding needs of the project vs contracted vesting allowance, drawing on what is needed for the ongoing development of Unido.
The remaining UDO vesting schedule has been designed to gradually release UDO tokens into the ecosystem over a period of 24 months, coinciding with the product release milestones and the eventual transition of the Unido ecosystem governance from the Unido Foundation to a decentralized structure, governed by the community and the DAO.
This release schedule reflects the team’s long term commitment to Unido. Our intention is to build a hyper scalable, resilient and self sustaining ecosystem that will be able to successfully leverage the foundational set of Unido technologies we have built via Unido Core to build products that stand the test of time.
We invite you to join us on this journey!
About Unido
Unido is an enterprise platform for decentralized capital markets. It enables institutions & corporate clients to securely store, manage and invest their crypto assets into decentralised finance networks. Unido is underpinned by proprietary key signing technology that provides enterprise-grade security for any transaction which utilises it.
Founded in 2017 and with a market-ready product, Unido is led by an experienced team of ex-Goldman Sachs, ex-Macquarie and ex-Wipro with decades of experience in enterprise software development, financial services and agency blockchain development.
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