Token Supply Breakdown
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:
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.
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%:
- 10% Initial Allowance
- 22.5% after 60 days
- 22.5% after 120 days
- 22.5% after 180 days
- 22.5% after 240 days
- Initial ZAP-wTLOS pool LP tokens - 365 days