Lockdrop #1 and #2
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.
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
Funds to be used for future parachain Lease Offerings.
Funds to be used for protocol developments and a grant program (TBA)
On Chain DAO
Funds for the on-chain treasury that our community decides how to use.
Funds to be used for marketing purposes.
Token will be transferred once Plasm/Shiden Network becomes a Parachain.
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.