Token Allocation
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.
