Token Model & Metrics
Last updated
Last updated
ITGR Contract Address: 0xD502F487e1841Fdc805130e13eae80c61186Bc98.
ITGR holders will have ownership of:
Integral's governance
Integral's community treasury
Integral's profit (mainly trading fees*)
The initial token supply is fixed at 300,000,000 ITGR.
40% to farming programs with vesting
18.78% is expected to have been farmed and minted by TGE (September 15th, 2021) with 6-mo vesting. The rest will remain unminted until needed.
The rest has 6-mo to 3-year vesting and is earned by future programs. We treat incentives programs as growth programs and carefully regulate their emission rates based on growth metrics.
As a principle, given all else is equal, we will always make sure that all future incentives programs give earlier long-term investors/holders an advantage.
Interest from Staking also comes from this portion.
25% to founders and future employees with a 3-year vesting
25% to public seed round with vesting
21% is subject to 3-year vesting
4% is subject to 6-mo vesting
5% to advisors and collaborators with a 3-year vesting
5% to supply listing pools over 6 months or more
1.5% is expected to be minted by the time of listing. The rest will remain unminted until needed.
All vesting starts from listing and then linearly distributed over time.
Future inflation, if any, will be subject to governance control. No inflation until approved by DAO.
Cumulative Circulating % Supply After Listing by Month
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12*** | |
Farming | 3.13% | 6.3% | 9.4% | 12.5% | 15.7% | 18.8% | 18.8% | 18.8% | 18.8% | 18.8% | 18.8% | 18.8% |
Seed Option 1 | 0.58% | 1.2% | 1.8% | 2.3% | 2.9% | 3.5% | 4.1% | 4.7% | 5.3% | 5.8% | 6.4% | 7.0% |
Seed Option 2 | 0.43% | 0.9% | 1.3% | 1.7% | 2.2% | 2.6% | 2.6% | 2.6% | 2.6% | 2.6% | 2.6% | 2.6% |
Team | 0.69% | 1.4% | 2.1% | 2.8% | 3.5% | 4.2% | 4.9% | 5.6% | 6.3% | 6.9% | 7.6% | 8.3% |
Advisors | 0.14% | 0.3% | 0.4% | 0.6% | 0.7% | 0.8% | 1.0% | 1.1% | 1.3% | 1.4% | 1.5% | 1.7% |
Listing Pool** | 1.00% | 2.0% | 3.0% | 4.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% |
SUM | 5.98% | 12.0% | 17.9% | 23.9% | 29.9% | 34.9% | 36.3% | 37.7% | 39.1% | 40.6% | 42.0% | 43.4% |
*The new LP system introduced in November 2023 introduces a 'fee switch' mechanism, allowing LPs to earn a portion of the trading fees. This allocation ranges between 0% and 100%. Currently it's set to be 100%, meaning liquidity providers are earning all fees. The percentage will be constantly revised and eventually for DAO to decide.
**Listing pool tokens are used in a way to avoid unrealistically high token prices at listing. This is not a net selling pressure over time. This is used on an as-needed basis and the actual distribution schedule may be adjusted.
***Distribution after Month 12 can be linearly extrapolated subject to variations in farming emission rates. Farming emissions can always be expected to decrease.
