📊Allocation & Distribution
Last updated
Last updated
Eclipse Pad will have a fully diluted token supply of 300 million tokens. The tokens will be distributed in the following way:
21
Community Incentives
Bootstrapping early $ECLIP staking and incentivising liquidity providers.
3 year linear vest
63 million tokens
21
Ecosystem Growth
Airdrops, marketing and partnerships. Future grants, hackathons and expansion.
5 % at TGE, then 2 year linear vest
63 million tokens
15
Team
Core team and future hires
6 months cliff, then 30 months linear vest, daily
45 million tokens
4
Strategic Advisors
Experienced advisors and backers.
6 months cliff, then 30 months linear vest, daily
12 million tokens
22
Private Investors
Pre-seed, seed and private investors.
5-10% at TGE, 5-6 month cliff, then 20-30 month linear vest, daily
66 million tokens
10
Treasury
Strategic reserve for stability and growth. Will transition to a community pool.
10% at TGE, 3 month cliff, 1 year linear vesting
30 million tokens
3
Public Sale
Allocation to go towards public sale.
20% at TGE, 6 months linear vest, daily.
9 million tokens
5
Floating Liquidity
Market makers and seeding LP pools.
100% at TGE
15 million tokens
Token distribution is an important part of launchpads, where tokens are used to build the platform, market, and create strategic partnerships.
Token supply is distributed with the following release schedule:
Here is the tokenomics pie chart:
The team allocation factors in incentives for the core team as well as a reserve for future hires and scaling of the team. A portion of this will also go towards developer contributors from the community.
The team will receive 15% of the total token allocation, this includes a 6 month cliff and vesting linearly over the following 30 months. Tokens are distributed daily through a vesting contract.
Ecosystem growth will be used as a fund to accelerate the growth of Eclipse Pad. This will be allocated towards marketing, airdrops, and partnerships. When Eclipse becomes an appchain, this could also be used towards grant programs and hackathon prizes as well.
The ecosystem growth pool will have 1.05% of total supply released at token generation event, and the rest will be vested linearly over 24 months.
Community incentives allocation is a way to distribute more tokens out into the hands of the community, as well as used as a mechanism to bootstrap staking rewards, bootstrap liquidity pools, and accumulating protocol owned liquidity. Tokens will be allocated as emissions to the staking pool to bootstrap staking rewards while the Rewards Pool accumulates and generates sustainable yield. Tokens will be allocated to LPs to incentivise liquidity and dual reward where need be, a portion will also be kept to use towards the accumulation of protocol owned liquidity so that liquidity is sustainable long term, this is will be done through LP reward NFTs (more to come on this).
The community incentives pool will be vested linearly over a 36 month period. There may be times where emissions/staking rewards are too high, the overflow will accumulate and be used to bolster emissions down the track. More of these allocations can be seen under: Farming and Staking allocations
Private investors are a very important piece in the development of a launchpad, even more so than other types of platforms. It isn't solely about the capital raised in the funding process, but rather the strategic connections, value adds, and access to quality project deal-flow to launch on the pad. Access to quality deal-flow is the lifeblood of a launchpad. At Eclipse Pad we have been very strategic in which VCs are a part of the funding rounds. A lot of due-diligence has been put in to make sure only top-quality and strategic funds and angels are brought into the rounds who add real value and bring top-tier deal-flow for launches. Investors that we can work alongside to fuel growth and innovation.
Here are the investor cliff and vesting periods:
Pre-seed investors who contributed funds to the early funding and development of Eclipse Pad will receive an allocation of 0.35% of the total supply at token generation, followed by a 6 month cliff and the remaining 6.65% vesting linearly over the following 30 months. Distribution occurs daily through a vesting contract.
Seed investors who contributed funds to the initial development and launch of Eclipse Pad will receive an allocation of 0.525% of the total supply at token generation, followed by a 6 month cliff and the remaining 6.475% vesting linearly over the following 24 months. Distribution occurs daily through a vesting contract.
Private round investors who contributed funds to the development, launch and scaling of Eclipse Pad will receive an allocation of 0.8% of the total supply at token generation, followed by a 5 month cliff, and the remaining 7.2% vesting linearly over the following 20 months. Distribution occurs daily through a vesting contract.
Strategic advisors are instrumental to the success and growth of Eclipse Pad. They bring deep experience in various areas of business and web3, invaluable advice, fresh perspectives, and strategic connections which are all required to build the vision.
Advisors will receive an allocation of 4% (12M) of the total supply, there will be a 6-month cliff from token generation; after which the advisor allocation will vest linearly over the following 30 months. Distribution occurs daily through a vesting contract.
The floating liquidity allocation is in place to ensure that $ECLIP token liquidity pools are seeded correctly and have deep enough liquidity. Centralised exchanges and market makers also have minimum liquidity requirements for listings, so this pool will be used for lending to market makers when the $ECLIP token is listed on exchanges.
This floating liquidity allocation will be fully unlocked at token generation event and managed by a multi-sig controlled by the core team. This pool will be deployed where required for liquidity.
Unused surplus in this pool may be used strategically to lend to other areas to keep these tokens productive. (ie. initial airdrops or marketing in ecosystem development, while waiting on vesting to unlock.)
The treasury is constructed as a discretionary fund to ensure the stability of the protocol. This will be used for potential further strategic raises if needed to cover operational and growth expenses. It will also be used to invest strategically in the ecosystem and build up a war chest of assets.
The treasury will initially be managed by a multi-sig wallet held by members of the core team, and will eventually transition to being controlled by the community or a community council.
The public sale allocation will be used towards the $ECLIP token IDO on multiple strategic launchpads across the space, as well as our own IDO on the Eclipse platform. Public investors in the $ECLIP IDO will receive 0.6% of the total token supply at Token generation. With the remaining 2.4% vested linearly over a 6-month period and with a daily claiming contract. These vested positions will be able to be converted into an NFT position and traded on the secondary market.
More information can be found here:
