Dear Fuse community! We are happy to announce the conclusion of our private sale ahead of the Mesa release dropping on October 22nd, 2020. In this post, we want to share with you the key information about the private sale, locked funds, and distribution of Fuse tokens.
Notable private allocation participants include Atka Capital, TRG Capital, Collider Ventures, Faculty Capital, TechmeetsTrader, Innovion, and Wolfedge Capital.
A breakdown is provided below concerning participation, token locks, and vesting.
25 Million FUSE: ETOP (Employee Token Ownership Plan) Pool
- These tokens are locked and staked for 4 years. During this period, staking rewards only will be paid out.
40 Million FUSE: Early Team, Advisors & Validators
- Eary supporters, team members, and advisors that have been involved with the project since its inception in late 2019.
- These tokens are subject to a 1 year vesting period.
40 Million FUSE: Private Allocation + Public Liquidity Release Mesa DEX
- Private tokens were exchanged at $0.06.
- A private token vesting period has been implemented in which 25% of tokens are unlocked every month for 4 months.
- As explained in a previous post, the Public Liquidity Release will take place on 22nd October. For a step-by-step guide on how to take part see here.
65 Million FUSE: Dev Locked Fund (4 Years)
- These tokens are locked and will not be released for 4 years.
130 Million FUSE: Bootstrap Pool
- These tokens are released over a period of 4 years and used to reward various different activities.
- Fuse Studio: Tokens rewarded to operators that successfully deploy and generate considerable transaction volume on the network. This is designed to incentivize network use.
- Airdrops: Tokens rewarded to community members for engagement with the network through bounty campaigns, governance participation, product testing, and solving Github issues. This is designed to incentivize community involvement and development.
- Stablecoin liquidity providers’ rewards. More on this soon as we announce some big DeFi products that are in the pipeline!
Fuse Token Supply Timeline
Fuse minted an initial supply of 300 million tokens in August 2019.
The following FUSE supply timeline graph depicts the total 5% annual inflation-adjusted supply of FUSE along a 4 year period and the corresponding total circulating supply:
The first bump in the circulating supply of FUSE is marked by the public liquidity release on Mesa, followed by the gradual release of the vested private sale, pre-seed, advisors, early team & validators attributed tokens. Starting on November 24th, 2020, the bootstrap pool tokens will be progressively released based on the 4 year lockup period.
5% yearly inflation in the network is distributed to the network validators.
Each cycle the validators with the highest amount of FUSE staked will split the rewards based on their proportional stake.
Token Address: 0x970b9bb2c0444f5e81e9d0efb84c8ccdcdcaf84d
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