SPOOL Token Metrics
The SPOOL Token Metrics can be found in the table below:
Receiving Party | Amount | Vested | Vesting Date |
|---|---|---|---|
Founding DAO | 11,200,000 SPOOL (8%) | 6 month cliff, then vested, linearly, 24 months | Started on 1-10-2022 |
Ecosystem, Advisors, and Builders | 28,000,000 SPOOL (20%) | 6 month cliff, then vested, linearly, 24 months | Started on 16-11-2022 |
SPOOL Reward Distribution | 80,300,000 SPOOL (57%) | DAO Controlled | Not applicable |
Liquidity Bootstrapping Event | 10,500,000 SPOOL (7.5%) | Not vested | Not applicable |
New Allocation Team Tokens | 10,000,000 SPOOL (7.1%) | Vested, no details voted in yet | Not yet applicable |
Total Supply: | 140,000,000 SPOOL | 10,500,000 Circulating at LBP (5%) | |
Introduced on the 13th of March, 2022: A Founding DAO vote has introduced a 6 month cliff for builders and Founding DAO members.
Initially, the Founding DAO (preDAO) was entitled to 10% (21,000,000) of Total SPOOL Token Supply. Certain Founding DAO Contributors have been refunded (at a rate of $0.05 per SPOOL Token), decreasing their allocation to 8% while increasing the DAO Controlled Treasury from 65% to 67% (From 136,500,000 SPOOL to 140,700,000 SPOOL). These refunds can be referenced here:
The figures used in the Founding DAO Refund are prior to the Token Burn found below. After the burn the Founding DAO is entitled to a total of 11,200,000 SPOOL Tokens.
On the 13th of June 2023 the Spool DAO Executed the Token Burn as laid out in "Spool Improvement Proposal 1.35". Reducing the total supply of the SPOOL Token from 210M to 140M. The transaction hash of the burn can be found here: (External link)
https://etherscan.io/tx/0x51a30d813b9d5aa23e3b394fb4501b3c8868d2262675955547253e1f12a8b816
etherscan.io
Transaction in which 70M SPOOL Tokens got burned.
Last modified 2mo ago