Uno Re Tokenomics Structure
Please note that all private sale tokens have been locked for the next three months. It will be locked from 28/05/2021 to 27/08/2021. For further information please click the link here.
Thank you for your constant support throughout our journey.
Being the first reinsurance platform of its kind, Uno Re will revolutionize the reinsurance industry — we will not only allow access to an already reliable system by reducing capital requirements that haven’t been updated for hundreds of years but also use novel technology and introduce decentralization to enhance the security of an asset class that’s already considered to be one of the safest in the world.
The Uno Re token has been structured in a manner that would work towards providing exponential growth boost to the Uno Re ecosystem & products exponentially over time.
Below is a quick overview of the Uno Re token distribution & dynamics
TOKEN ALLOCATION
TEAM
UNO tokens are reserved for the UNO Founding team. Team tokens are locked and vested to demonstrate long-term commitment.
· Tokens are locked for 24 months.
· After lockup, tokens are vested over 12 months.
ADVISORS
· UNO tokens reserved for the Uno Re advisory board are vested over 12 month period with an option to increase the vesting over 24 months.
· These tokens are vested to demonstrate long-term commitment.
MARKETING & OPERATIONAL EXPENSES
Uno Re has the funds needed to manage its costs for running its operations for a period of 2–3 years. These $UNO tokens are reserved for future objectives like immediate operational expansion requirement, broad marketing initiative, regulatory & compliance clearances, business expansion exchange listings, etc.
· Operational Tokens — Locked for six months followed by 72-month vesting
· Marketing Tokens — Locked for two months followed by 60-month vesting
TREASURY
Treasury Tokens are vested overlocked for 72 months ( 6 years )
$UNO tokens are reserved to fuel the growth of the Uno Re platform being developed by the Uno Re team. The tokens will be used to build token adoption within the platform once it goes live. As we are working in creating a Crypto based reinsurance, there are several unaccounted regulatory hurdles that might require additional costs which need to be apportioned for to ensure the long-term success of the product delivery
STAKING & COMMUNITY REWARDS
This is a “Go-To-Market” Fund which would be required to build the community involvement within the platform. The $UNO tokens will be used to:
· Provide liquidity at launch at UniSwap
· Provide Staking rewards/allocations for early adopters, governance & risk assessment members
· Bug bounty programs & early testers of the platform
· Governance & Risk Assessment rewards within the Uno Re platform
· Tokens are released equally over 72 months.
All the reserved allocation would be unlocked as per schedule, but this does not mean it will necessarily be in circulation. The Uno Re team would distribute at the discretion of the board.
Distribution is primarily used to fuel the growth and expansion of the project over the years to come and may hold/delay the release of the tokens if the need does not arise.
CIRCULATING SUPPLY
LOCKED LIQUIDITY
The liquidity on Uniswap will be locked for 3 months at Unicrypt with an option to extend it further in case our product roadmap needs a revision,
USE OF FUNDS
Funds raised through the Private and Crowdsale round will be used to develop and to support the liquidity of the $UNO token & platform. Uno Re is well funded to manage the growth & expenses for a period of 24–36 months.
This includes:
1. Liquidity, tech, and product development. $UNO anticipates launching its Web 3.0 Insurance marketplace platform in 6 months after the crowdsale is completed. To prepare our future ecosystem, we will devote significant resources for risk liquidity and market expansion as required.
2. General marketing and development expenses such as website development, advertising materials, outreach, community, partnership, and customer development.
