Tokenomics
Vestige (Vest) was launched with a total supply of 100 000 000 and six decimals.
- 15% - long-term reserve account, accessible 50% in 3 years and 50% in 5 years from May 1st, 2022
- 25% - team equity for development (with 2 year vesting periods, of which the first release after delivering Algorand Foundation grant objectives)
- 5% - used for liquidity provision divided between currently available DEXes
- 10% - extra incentives to the community through different LP reward systems over a period of 2 years in 4 slots of 2.5M VEST every 6 months
- 10% - used to raise capital as seed investment (with long-term vesting period attachments)
- 5% - general ecosystem development (e.g. CEX listings, second round capital raising)
Last modified 1yr ago