Vesting Mechanism
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The token vesting schedule plays a crucial role in managing token price volatility and ensuring the long-term sustainability of a project. A longer cliff time and vesting schedule for team members, investors, and advisors demonstrate our confidence and commitment to building a project for the long haul. Moreover, spreading out token rewards over an extended period can facilitate sustainable growth.
At our project, we are dedicated to creating a leading and enduring ecosystem. To showcase our commitment, we have voluntarily extended the token vesting period for both the team and treasury. This ensures steady development and dynamic operation of the ecosystem. Our team will only take 4.5% of the token allocation which is comparatively lower than most projects since we wish to share more benefits with our ecosystem, DAO, and partners. Besides, team and treasury tokens will have a 1-year cliff, followed by a linear vesting over 5 years. Our equity and token investors will receive limited vested tokens during TGE and the slow-release approach reflects our focus on long-term value investment.
We believe that our community deserves both short-term rewards and long-term benefits for their continuous support. The initial airdrop will be unlocked after listing on centralized and decentralized exchanges (CEX and DEX). Furthermore, additional incentives with larger percentages will be released based on active engagement and community growth achievements and momentums. Together, we can accelerate our progress and achieve our dream of becoming the most influential Metaverse.
We believe in maintaining open and transparent communication with our community and stakeholders in an efficient and effective manner. However, it’s important to note that our mechanisms may be adjusted dynamically based on various factors such as market conditions, product pivots, DAO governance, and exchange requirements.
While we adhere to cautious and stringent rules similar to traditional finance, including clear financial statements and regular auditing, we also recognize the need for flexibility in the Web3 world due to its fast-changing pace and decentralized governance. Our priority is to ensure information symmetry and avoid moral hazards, always keeping our users' benefits as our top priority. While specific details may shift, the general direction will remain secure. We are committed to managing the inflation rate within a reasonable range and closely monitoring the maximum inflation rate through pressure tests. This ensures that we maintain a sustainable and stable ecosystem for our users. Community trust and support are crucial as we navigate the ever-evolving landscape of the crypto industry.
When evaluating the impact of a token's supply on its price, it is important to consider the concept of Maximum Inflation. In the context of crypto tokenomics, Maximum Inflation refers to:
The inflation rate will undergo a provisional evaluation and will be conveyed to our community upon the completion of finalizing tokenomics, prior to the TGE.
