Token Allocation

Draft Last Update: 2021/01/21. Final Version: 2021/02/28

Title

%

Detail

Lockdrop #1 and #2

30

We have done 2 lockdrops with ETH. More than 150,000 ETH had been locked on our smart contract in 2 months. We issued tokens based on the opportunity cost. Our lockdrop is NOT an ICO or an investment but a sort of staking.

Parachain Auction

30

To become a Polkadot/Kusama Parachain, we collect DOTs/KSMs from the community and issue PLMs/SDNs as a reward . 30% is prepared for the crowdloan for Parachain Lease Offering.

Parachain Auction Reserve

5

Funds to be used for future parachain Lease Offerings.

Protocol Development

10

Funds to be used for protocol developments and a grant program (TBA)

On Chain DAO

5

Funds for the on-chain treasury that our community decides how to use.

Marketing

5

Funds to be used for marketing purposes.

Institutional Investors

10

Token will be transferred once Plasm/Shiden Network becomes a Parachain.

Team

5

Incentive pool for employees.

We have updated the economics from the draft we published on Jun 21st because we declared that 65% for the community and 35% for the foundation before the 2nd lockdrop.