Token Dynamics
Last updated
Last updated
From the second year Solarity will airdrop new tokens to token holders that staked the most during the previous years.
The token supply will increase around 65% in the first year and will double in about 15 years. All of this token supply increase will go directly to the wallets of those who staked the token the most in the initial 2 years.
You can burn an X% of the total INITIAL VERSE supply to gain X% voting power on the DAO’s “board”.
EG: The governance tokens are:
- 20% Founders
- 50% Community*
- 10% Advisors
- 20% Early investors (1st seed round)
Let’s assume I buy and burn 98% of all the INITIAL VERSE supply:
(The voting power is re-normalized using 100 + 98 as the common denominator)
- 10.1% Founders
- 25.25% Community*
- 5.05% Advisors
- 10.1% Early investors
- 49.49% Me who just burnt 98% of ALL VERSE that will ever be created.
Looks like a cool way to provide both the ability for latecomers to participate in the governance and the ability for the initial governance to raise additional capital without letting go too much control.
Governance tokens can’t be converted back to VERSE tokens, only VERSE Tokens can be burnt and turned into Governance Tokens. (This enable a fluid & sybil-resistant governance)
