SPOOL Token Metrics
The SPOOL Token Metrics can be found in the table below:
| Receiving Party | Amount | Vesting Start | Vesting Ended |
|---|---|---|---|
Founding DAO | 11,200,000 SPOOL (8%) | Started on 1-10-2022 | Ended on 31-01-2024 |
Ecosystem, Advisors, and Builders | 28,000,000 SPOOL (20%) | Started on 16-11-2022 | Ending on 17-03-2024 |
SPOOL Reward Distribution | 80,300,000 SPOOL (57%) | Not applicable | Not applicable |
Liquidity Bootstrapping Event | 10,500,000 SPOOL (7.5%) | Not applicable | Not applicable |
New Allocation Team Tokens | 10,000,000 SPOOL (7.1%) | Not yet applicable | Not yet applicable |
Total Supply: | 140,000,000 SPOOL |
Introduced on the 13th of March, 2022: A Founding DAO vote has introduced a 6 month cliff for builders and Founding DAO members.
Completed Vesting
All tokens to the Founding DAO have been distributed as of 31-01-2024, no further tokens are allocated to the Founding DAO. The tokens allocated to Advisors, Ecosystem and Builders will complete vesting on the 17th of March 2024.
Token Burn
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)
Founding DAO Refund
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:
pageSpool DAO TreasuryThe figures used in the Founding DAO Refund are prior to the Token Burn found above. After the burn the Founding DAO is entitled to a total of 11,200,000 SPOOL Tokens.
Last updated