Initial Supply
Initial supply of SPHERE will largely depend on the outcome of our Fair Launch -Token Generation Event. However based in minimum and maximum raise parameters Initially supply will be; At minimum: 13,920,000 (oSPHERE, SPHERE & gSPHERE) At Maximum: 27,840,000 (oSPHERE, SPHERE & gSPHERE)
*The aforementioned figures are based on the sale of oSPHERE & include the teams permanently locked gSPHERE governance position.
From there SPHERE's growth will largely depend on users appetite to exercise oSPHERE.
Illiquid Incentive
A 28% allocation in locked ILLIQUID gSPHERE will be shared among key stakeholders in the ecosystem based on the finalised initial supply depending on the outcome of the TGE. This will be an illiquid position, locked in perpetuity & used for voting rights & governance. This position will not be able to borrow $Sonic from the bonding curve, so it does not impact the floor price backing of $Sonic / $SPHERE.
This position is permanently locked via mint-and-burn of oSPHERE
Total gSPHERE from this method:
1,836,735 from bonding curve purchase, locked for gSPHERE
2,083,205 minted and burned oSPHERE - gSPHERE
Total Team Governance: 3,920,000 gSPHERE
Supply from fair launch: 10,000,000 oSPHERE
Total Supply: 13,920,000 *
Allocation of such can be seen in the table below.
Stakeholder
Allocation of 28%
Purpose
Gumball Labs
25.66%
License fee for use of codebase in development collaboration with core team
Protocol Ecosystem Fund
37.17%
Capital for ongoing operational overheads (Audits for new gauges, Mods, Admin, Marketing, Community engagement)
Team
37.17%
Team incentive
Please see our Token Generation Event page, for more details.
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