🎯Initial Token Distribution
Last updated
Last updated
10% of the initial supply was dedicated to protocols that demonstrate their willingness to engage with our liquidity layer. When evaluating the available protocols, we examined a wide range of factors, such as committed TVL, trade volumes, and product.
Unlike traditional ve(3,3) DEXs, this allocation was not airdropped to partner wallets.
We have seen among other DEXs that partners have occasionally stopped contributing to the success of their partner DEX. Unfortunately, the airdrop has been made and the partner can still continue to extract value from the protocol while committing nothing in return.
To combat this unfortunate reality, all partner veNFT allocations will be delegated instead of airdropped. This way, if a partner decides to no longer drive the success of the Beamecosystem, their veNFT delegation can be removed. Additionally, if a partner increases their contribution to the ecosystem, their delegation can be increased.
This ensures alignment of partners and protocol to Beam's success.
20% of initial supply is locked and will be used to vote each week. The rewards from this voting will be used to fuel initiatives that benefit the Beam ecosystem. Some examples include buying back $BEAM and locking it for a lock-matching initiative, building protocol-owned liquidity to build a floor of revenue for veBEAM holders, etc.
The goal is to maximize Beam's sustainability and value to its stakeholders.
25% of the initial supply has been allocated to 3 separate airdrops before the launch of Beam's ve(3,3) release. They are as follows:
10% for original ZERO presale commitments.
10% for Retro holders that participated in 2 separate airdrop programs.
5% for veBLUE holders, in proportion to their total holdings.
ve(3,3) Airdrop
5% of the initial supply has been allocated to an airdrop of major ve(3,3) token holders to raise awareness of Beam within the larger ve(3,3) community.
20% of the initial supply has been distributed to the team as locked veBEAM.
The core team members will have their interests align with Beam by receiving a percentage of the initial supply in the form of voted escrow tokens. This allocation allows team members to participate in the upside of the protocol while having a long-term oriented position. This is also the only compensation that the team is being paid in. All trading fee revenue collected by the protocol is reinvested into the Beam ecosystem.
5% of the initial supply is to be been paired with $ZETA to provide enough liquidity at launch.
15% of initial supply will be left in reserve in the Beam multisig for any future projects that could benefit the protocol.
