Zappy's token, ZAP, is a governance token and in the future will collect a portion of protocol fees.
ZAP has a Total Max Supply of 27,000,000
Note: All supply distributions are subject to change with community feedback and governance discussions
The initial mint will be 20% of the Total Max Supply and will be broken down as follows:
% of Max Supply
Number of Tokens
Locked Developer Funds
ZAP Single Stake IFO
Initial Liquidity Offering (ILO)
The Initial Liquidity Offering will use the allocated 8% of the Total Max Supply of ZAP and raise $400,000 worth of TLOS in exchange. The $400,000 are comprised of:
Public ILO - $300,000
The Public ILO will be hosted by Light according to their tier architecture and requirements.
Vesting: 100% Release @ TGE
Strategic ILO - $100,000
The Strategic ILO will be sold to different individuals and entities who provide significant value for Zappy in return for the access, and who strongly believe in the long-term prospects of Zappy.
Vesting: 25% @ TGE, 25% after each consecutive 2 week period
The LP tokens received by the founder for making the initial liquidity pool will be time-locked for 365 days.
ZAP Single Stake Initial Farm Offering (IFO)
The Initial Farm Offering will use the allocated 4% of the Total Max Supply of ZAP. This supply will be distributed to ZAP stakers over the course of 12 weeks.
The vesting schedule for the developer funds is as follows, as a % of the resulting net 5%: