📖$EGAX Allocation and Distribution
| Category | Allocation | Vesting/Unlock |
|---|---|---|
Seed | 50,000 | 1 year cliff + 5 years linear vesting |
Private | 150,000 | 3 months cliff, 9 months linear vesting |
Public | 300,000 | 100% on TGE |
Ecosystem | 2,000,000 | 5% TGE, 20 years linear vesting |
Staking Subsidies | 4,500,000 | 3 months cliff, 20 years vesting |
Team | 2,000,000 | 1 year cliff + 5 years linear vesting |
Marketing/Partnership/Advisors | 1,000,000 | 10% TGE + 20 years linear vesting |
Total: | 10,000,000 EGAX | Initial supply: 500k on TGE |
The current development of the allocation consists of:
45% (4,500,000 million) – For DriveToEarn incentive adoption. Tokens are subject to a vesting scheme of 20years
20% (2 million) – for Egoras Foundation long term incentives. Tokens are subjected to a vesting scheme determined by Egoras Foundation.
1.5% (150,000) – Egochain private round investors. These tokens are subjected to the unlocking scheme.
0.5% (50,000) – Egochain seed investors. These tokens are subjected to the unlocking scheme.
3% (300,000) – Public sale. 100% unlock on TGE.
10% (1 million) – Allocated to Egochain Team to be used as incentives for partnerships, marketing and Advisors. Egoras Foundation may implement a vesting scheme for these tokens.
20% (2 million) – Allocated for bootstrapping the Egochain ecosystem of which 5% (100,000) is unlocked on TGE.
The vast majority of the $EGAX supply is subject to long-term lockups in order to align team interest with the community. Based on the current estimation 95% of the total supply is planned to be unlocked by 20years from the Token Generation Event on 09 June, 2024.
The chart below shows the increase in circulating supply as tokens unlock:
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