Tokenomics
Last updated
Last updated
Participants in the Dexpools private or seed sales and any current $DXP holders may bridge their DXP tokens 1:1 into VELA tokens.
DXP contract (Ethereum): 0x88aa4a6c5050b9a1b2aa7e34d0582025ca6ab745
DXP contract (Metis): 0xa31848aa61f784cdbb6f74260d224a4356295799
All vesting schedules from the original distribution will be maintained in the form of VELA from time of official launch.
| Category | Supply | Details |
|---|---|---|
Community Incentives
30%
Reserved for LP reward emissions, market making and platform liquidity rewards, beta test rewards, and other incentives. Limited to 5% (2.5m) maximum yearly emissions.
Growth Fund
19%
Reserved for any future grants, DEX liquidity, market maker allocation for CEXs, team growth and other expansion efforts. Limited to 10% (5m) maximum yearly emissions.
Marketing
5%
Reserved for marketing rewards including distributions via KOL partnerships, and co-marketing efforts with partners.
Core Team
16%
6 month cliff with linear vesting for 36 months, starting from time of onboarding.
DXP Bridging
18%
$DXP supply to be bridged until June 1, 2023. All of which will be claimable 1:1 for VELA.
Investors & Partners
10%
Allocated towards future investment rounds for VELA. These allocations will be subject to new cliff and vesting periods.
Advisors
2%
6 month cliff with linear vesting for 18 months, starting from the time of onboarding.
