Token Distribution

Updated 08-Jul-2024

• Airdrops:

  • Season 1 Airdrop: 3% (at TGE)

    • See Section: $SOCIAL Season 1 Airdrop for details

  • Frequent airdrops based on points-to-tokens redemption will also follow after TGE from the 27% community rewards pool and these will be announced soon

• The total capped supply of tokens is 10 billion. Phaver is also aiming to start a quarterly token burn program in the future using the revenue received in native tokens or other liquid tokens/fiat

• The largest share of the tokens is reserved for User Rewards: 27% + 3% Airdrop. These will be distributed over time and may also be subsidized with other liquid tokens from the advertising and other revenue streams (subscriptions, native utility NFT, etc.). Part of these rewards start already at TGE, in addition to the airdrop.

• The second largest share (25%) is the ecosystem treasury, which can be deployed to develop and improve the app and ecosystem, as well as distributed to the users, or partially burnt.

• Team allocation is (18%), which contains a 1-year cliff and 4 year vesting, ensuring the team is well incentivized to build a long-term sustainable token ecosystem.