4. Tokenomics
Last updated
Last updated
Token supply and distribution model
AURC operates on a fixed supply model, ensuring scarcity and value preservation over time. The total token supply is set at 1 billion tokens.
Distribution breakdown
Investors: 25% of the total token supply (250 million tokens) will be allocated for the tokens sale to bootstrap the project and ensure widespread distribution among early supporters and investors.
Treasury & Future Team: 38% of the total token supply (380 million tokens) will be reserved to support ongoing development, marketing, partnerships, and future initiatives aimed at growing the ecosystem.
Core Team (18%) and Advisors (4%) of the total token supply (220 million tokens) will be allocated to the core team members, advisors, and strategic partners as incentives to drive the long-term success and sustainability of the project. These tokens will be subject to a vesting schedule to ensure alignment with the project's objectives.
Ecosystem Growth: 15% of the total token supply (150 million tokens) will be allocated to fund ecosystem growth initiatives, including liquidity incentives, grants for developers building on the platform, and other initiatives aimed at expanding the utility and adoption of the ecosystem.
Vesting schedule for team and advisors
The team and advisor token allocations will be subject to a vesting schedule to ensure alignment of interests and long-term commitment to the success of the ecosystem. The vesting schedule will be as follows:
Duration: The vesting period will extend over a duration of 36 months (3 years) from the token generation event.
Cliff period: There will be a cliff period of 12 months, during which no tokens will vest. After the cliff period, tokens will begin vesting on a curve a monthly basis.
Monthly vesting: Following the cliff period, tokens will vest monthly in growing curve installments over the remaining vesting period.
Example: For instance, if an individual receives 100,000 AURC as part of the team or advisor allocation:
No tokens will vest during the first 12 months (cliff period).
Starting from month 13, tokens will vest at a growing rate of the initial allocation per month according to the vest curve calculation: The Vesting Schedule for the Token distribution shall commence from the date of the TDE and be a back loaded curve vesting for 24 months. A back-loaded curve vesting schedule for 24 months means that the distribution of tokens accelerates more significantly towards the end of the vesting period, with a larger portion of tokens becoming available in the later month.
By the end of the 36-month vesting period, the individual will have vested the full 100,000 AURC tokens.
This vesting schedule is designed to incentivize ongoing commitment and contribution to the development and growth of the ecosystem, ensuring that team members and advisors are fully aligned with the project's long-term objectives and success.
Details of token sale
The token sale will be conducted through a seed and private sale following an Initial DEX Offering (IDO), providing an accessible and decentralized means for participants to acquire AURC tokens. The exact dates, prices of the sales and the participating exchanges will be announced at a later stage. The Vesting Schedule for the Token distribution shall commence from the date of the TDE and be a back loaded curve vesting for 24 months. A back-loaded curve vesting schedule for 24 months means that the distribution of tokens accelerates more significantly towards the end of the vesting period, with a larger portion of tokens becoming available in the later month.
The Auroca DAO shall make the Governance interface available before the Minting of its AURC utility tokens.
Auroca
Core Team
18%
Advisors
4%
Advisors who help the project
Treasury & Future Team
38%
Compensations for work by community members
Investors
25%
All kind of Investors: Seed, private, public, community
Ecosystem Growth
15%
Can be used for market making, stacking, LP and incentives for the community