Token Distribution
4bn Total supply of veC3 Distributed over a 5 year period:
- 7.5% to the core team, linearly vested over 3 years
- 7.5% to investors, linearly vested over 3 years
- 10% for KlimaDAO
- 75% for Ecosystem incentives over 4 years
The C3 IDO will come from the Ecosystem incentives.
The circulating supply will be based on the IDO at launch and the initial release rate will be around 3m a day.
For the ecosystem incentives, the emission schedule is as below:
- 45% Year 1
- 30% Year 2
- 17.5% Year 3
- 7.5% Year 4
The initial emissions are currently distributed as below for year 1:
Liquidity:
- NBO/KLIMA: 10%
- UBO/KLIMA: 8%
- C3/FRAX: 8%
- KLIMA/USDC: 8%
Staking:
- NBO: 6%
- UBO: 4%
- wsKLIMA 3%
Bridging:
- NBO: 6%
- UBO: 6%
Misc:
- VeC3 holders: 1%
- Unallocated: 40%
The remaining unallocated is given to the DAO, which has free reign on how to allocate. It may be used to increased rewards of a gauge, add grants, used for DAO contributions, or for partnerships.
.png?alt=media&token=b2048fb5-849a-410d-b531-99f32d72a734)