Premine Distribution
The table below describes the overall allocation of our pre-mined supply of 50M SOUL, of which any unused allocation is burnt into oblivion.
Protocol Stage | Share | Max. Allocation | Allocated | Burned |
Public Ceremony | 70% | 35,000,000 SOUL | 1,182,636 | 33,817,637 |
Whitelist Vesting | 15% | 7,500,000 SOUL | 0 | 7,500,000 |
Airdrop Rewards | 10% | 5,000,000 SOUL | 137,031 | 4,862,969 |
Initial Liquidity | 5% | 2,500,000 SOUL | 50,644 | 2,449,356 |
TOTAL (MAX) | 100% | 50,000,000 SOUL | 1,370,311 | 43,766,993 |
Any amount that is left, after our whitelist vesting period terminates, will be burned. Likewise, any remaining allocation, from our public ceremony, will also be burned.
After accounting for the burns, 50% of the FTM contributed will match the initial liquidity at a rate of 1 FTM to 1 SOUL up to a total of 2.5M SOUL. Please note that the initial liquidity and the airdrop rewards will both be the lesser of the maximum allocation and 5 and 10% of the circulating supply (after accounting for burns), respectively.
For example, suppose there are 17M SOUL taken up during the public ceremony and the whitelist vesting periods. Recall: airdrop rewards are 10% of the total adjusted allocation.
The adjusted allocation would equal 17M / 85% = 20M, therefore the adjusted airdrop rewards would be 10% of 20M = 2M, not 5M. The reason for this is to ensure contributors to our ceremony are provided with the peace of mind that airdrop rewards will always be a steady constant of 10% of the total raise, regardless of how much is raised. Similarly, we have a guaranteed rate for the initial liquidity, so we require 5% of the total raised for the DAO allocation, which is 50% of the total FTM raised.
Last modified 1yr ago