Token Distribution & Vesting
Last updated
Last updated
At genesis, 20 million INCR tokens will be minted on Ethereum mainnet. The INCR token has a fixed token supply. The total supply of INCR tokens will be distributed and vested as follows:
Please refer to this INCR Token Proposal spreadsheet for an overview of all distribution numbers.
9,200,000 INCR is allocated for future token emissions for protocol users. Note that the exact emissions schedule has not been set. This amount should only be used with a mandate from the Increment community, where the mandate is granted by completing the appropriate governance proposal and voting processes.
There will be three community distributions in total. 400,000 INCR is distributed in the first phase and will be available immediately to the community. The second phase will distribute 500,000 tokens to the community within the first year of launch. And the third phase will distribute another 1,500,000 tokens to the community within the second year of launch.
800,000 INCR is allocated for ecosystem grants, partnerships, etc to further grow the Increment ecosystem. This allocation is vested linearly for 2 years.
3,000,000 INCR is allocated to current and future core contributor teams of the protocol. This allocation is locked for the first year, then begins a 4 year linear vesting schedule.
3,120,000 INCR is allocated to seed investors who supported the beginnings of the protocol as well as its growth process. This allocation is locked for the first 9 months, then begins a 18 month linear vesting schedule.
1,480,000 INCR is allocated to the Development Fund to support future development costs or fundraises of the protocol. This allocation is vested linearly for 4 years.
The graph below can be found in the detailed breakdown of token supply spreadsheet linked above - it is an approximation of the initial 8 year token release schedule. *Note that the exact “Community Emissions” has not been set, and will be determined at a later time with the community.
Core contributor: 0x7F2C5DF117Da4e87aaa785A58d0D58726a246801
Core contributor: 0x08DF9c4438c5cEf8b443Cd4c4e2586a4E8063adE
Core contributor: 0xdA5E5F97A150c04a719064875B33bbe23eDf6D28
Seed investor: 0x79BA29c2dA113cdF07Cd08EE59eAc068C58AccF3
Seed investor: 0x93b8a2b6C703769d2d9ff0DF24C9b0D16a998126
Seed investor: 0xCd0DD0A2ffD001B4907DB6c9846673894D008217
Seed investor: 0xDB14Fc98107F88F225FFbe783C2a0ceD0861740e
Seed investor: 0xc387F9923ce1DDf8Dc35E9224aD5C3EB6A4b22b3
Seed investor: 0x072f77e0CD8e826A5991697443Dc048f3e944fc8
Seed investor: 0x2ce1a15CbAa7d314e3F8568952ee942E0106F34b
Seed investor: 0x9C2Ab043F7943E54bfC756CEc11d91e5eb060199
Seed investor: 0xC676Ed70Bdd9b7a83f13842253a3186E3606b8dd
Seed investor: 0x401e284cb0D670De6AB022aD487F16364f3737Fc
Development fund: 0xaB990CDa07C8F99Fd805907c10db602D33d78E45
Ecosystem: 0x70b2925a62e251199a4d57472150414320bab9dc
