Token Distribution
SPS tokens will be issued / unlocked in a pre-determined schedule which lasts for approximately 65 months from the date that the token is first released.
The maximum total supply of SPS tokens will not exceed 3,000,000,000 which are planned to be allocated as follows:
Source | Tokens | % of Total | Release Schedule |
Airdrop | 400,000,000 | 13.33% | Issued over 12 months |
Foundation / DAO | 300,000,000 | 10.00% | Issued over 65 months |
Private Sale | 200,000,000 | 6.66% | Unlocked over 10 months |
Team | 270,000,000 | 9.00% | Unlocked over 65 months |
Partners / Advisors | 30,000,000 | 1.00% | Unlocked over 24 months |
Play to Earn | 900,000,000 | 30.00% | Issued over 65 months |
Staking / LP / Oracle Rewards | 900,000,000 | 30.00% | Issued over 65 months |
Total Amount | 3,000,000,000 | 100% | |
The primary goal of the token is to reward Splinterlands players and asset holders, which is why 13.33% of the total token supply is going towards an airdrop which will be conducted over a 12 month period to holders of nearly all types of Splinterlands assets. For more information on the airdrop, please see the Airdrop section of this document.
Next, 10% of the total token supply will be added into a foundation which will be controlled exclusively by the DAO. 50,000,000 of the foundation tokens will be issued on day one and the remainder will be released in even increments over the remaining 64 months. This means that SPS token holders will be able to submit proposals and vote on how/if those funds should be used. For more information please see the Foundation / DAO Funds section of this document.
6.66% will be offered directly in a private sale to a select group of advisors and influencers who will help promote both the token and the Splinterlands product to their audiences and networks and generally help ensure that the project is successful. Tokens purchased as part of the private sale will be subject to a vesting period with 10% of the tokens vesting and becoming liquid every month for a total of 10 months. All proceeds from the sale will go towards the development, promotion, and ongoing maintenance of the SPS token and ecosystem.
9% of the total token supply will be reserved for the Splinterlands team. 50,000,000 of these tokens will be issued on day one and the remainder will be released in even increments over the remaining 64 months. Splinterlands will use this pool to help incentivize and retain our valuable team members and partner organizations.
1% of the token supply will be reserved for partners and advisors to the project who will work with the SPS token team and assist and/or provide advice on all areas of the project as well as help to market and promote the project. These tokens will be unlocked in 12 monthly increments starting one year from the launch of the SPS token.
Finally, the remaining 60% of the total token supply will go towards rewarding players, SPS holders, liquidity providers, and oracles. These tokens will be released on a fixed schedule over the 65 month period and go into separate pools for the various different areas to be rewarded. Please see the "Play to Earn & Reward Pools" section of this document for the full distribution schedule and breakdown of these rewards.
Last modified 2yr ago