Distribution
Last updated
Last updated
| Allocated To | Allocation |
|---|---|
Community | 55% (Distributed over 3 years) |
Core Team | 20% (Locked: vested over 3 years) |
Treasury | 12% (Locked: vested over 1 years) |
Future Airdrops | 8% (Locked: vested over 1 years) |
Initial Liquidity | 5% (Used to provide initial liquidity) |
Total Supply | 1,000,000,000 |
Essence will reserve 55% of the token supply for liquidity programs and community incentives. ZEN tokens will be distributed through a variety of yield opportunities, specifically designed for our liquidity providers.
Our Core Team and key contributors will receive 20% of the total token supply. This arrangement ensures that their ongoing commitment to Essence Finance aligns with the interests of our community.
20% of the team’s allocation will be locked as xZEN, and the remaining 80% will be locked and vested linearly over the 3-year period.
Essence will set aside 12% of the ZEN supply for the Essence DAO Treasury. These funds are reserved for various purposes, potentially including the compensation for Security Bug Bounties, conducting audits for new smart contracts, and providing grants to protocols within the Essence Ecosystem.
To reward those who supported Essence, 8% of the token supply will be allocated towards future airdrops.
There is no set date or criteria for the ZEN airdrop, but providing LP to any CHI pool on Tokan, continued or new CHI LP providing on Velodrome, minting CHI and xZEN stakers will be part of the criteria.
To kickstart initial DEX liquidity, 5% of the ZEN supply will be allocated to provide liquidity. This will help to promote price stability for ZEN and ensure smooth trading experiences at launch .
