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Tweaks to tokenomics
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jamesbayly committed Jan 31, 2024
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30 changes: 15 additions & 15 deletions docs/subquery_network/token/tokenomics.md
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Expand Up @@ -22,18 +22,18 @@ We have designed our vesting schedule to demonstrate the commitment of various s

The vesting schedules for each participant has been designed to create long-term value for the project and generate confidence to token-holders. Perhaps most significantly, the core team will have a 24 month lock-up period which will then vest over another 24 months while some Public Sale participants can freely use the utility of their token upon launch.

The Foundation and Community will have approximately 20% of their allocation unlocked from the start (as part of mainnet incentives) to meet the operational needs of launching and promoting the SubQuery Network with the rest of the allocation vesting gradually over 5 years.

| Group | Size | Vesting Terms |
| -------------------------------- | ----- | -------------------------------------- |
| Seed | 11.7% | 12 month lock-up with 24 month vesting |
| Series A | 14.5% | 6 month lock-up with 18 month vesting |
| Series B (and 2022 Private Sale) | 3.2% | 3 month lock-up with 9 month vesting |
| Strategic Round | 5.5% | 24 month lock-up with 24 month vesting |
| Team and Advisers | 15.0% | 34 month lock-up with 24 month vesting |
| Foundation & Community | 32.3% | No lock-up with 60 month vesting |
| Mainnet Incentives | 8.0% | No lock-up or vesting |
| Liquidity | 5.0% | No lock-up or vesting |
| Public Sale | 4.2% | No lock-up or vesting |
| kSQT Conversion | 0.2% | No lock-up or vesting |
| SQT Airdrops | 0.6% | No lock-up with 6 month vesting |
The Foundation and Community will have approximately 8% of their allocation unlocked from the start (as part of mainnet incentives) to meet the operational needs of launching and promoting the SubQuery Network with the rest of the allocation vesting gradually over 5 years.

| Group | Size | Vesting Terms |
| ------------------------------------------- | ----- | -------------------------------------- |
| Seed | 11.7% | 12 month lock-up with 24 month vesting |
| Series A | 14.5% | 6 month lock-up with 18 month vesting |
| Series B (and 2022 Private Sale) | 3.2% | 3 month lock-up with 9 month vesting |
| Strategic Round | 5.5% | 24 month lock-up with 24 month vesting |
| Team and Advisers | 15.0% | 34 month lock-up with 24 month vesting |
| Foundation & Community - Mainnet Incentives | 8.0% | No lock-up or vesting |
| Foundation & Community - Vested | 31.9% | No lock-up with 60 month vesting |
| Liquidity | 5.0% | No lock-up or vesting |
| Public Sale | 4.4% | No lock-up or vesting |
| kSQT Conversion | 0.2% | No lock-up or vesting |
| SQT Airdrops | 0.6% | No lock-up with 6 month vesting |

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