Tokenomics
Last updated
Last updated
Note: Tokenomics and emission schedules are subject to change
30% of tokens are allocated for gameplay incentives with a vesting schedule of 5 years with no cliff, linearly vested every month. These tokens are unlocked and deposited into Community Treasury Reserve's address and are withdrawn by the tournament economy to facilitate player prize redemptions.
Note: there may often be a surplus of tokens that unlock and vest in the Gameplay incentives bucket that becomes available for distribution compared to what is actually distributed through gameplay. All undistributed tokens are held in the governance contract as available gameplay token reserves.
20% of tokens are allocated to core contributors with a vesting schedule of 4 years and a cliff of 1 year vested linearly (monthly). Core contributors include Exponential Corp (core team behind TallyUP) and other contributors as aligned incentives to continue development of the Tournament economy and protocol.
15% of tokens are allocated to investors with a vesting schedule of 2 years and a cliff of 6 month vested linearly (monthly).
10% of tokens are allocated to protocol reserves with a vesting schedule of 5 years and a cliff of 6 month vested linearly (monthly).
5% of the token supply is instantly unlocked and airdropped to players into their in-game wallets and eligible onchain participants, tiered based on their activity. All of these tokens are deposited into player accounts, however are linearly vested through each active day of gameplay and other metrics that drive revenue and value into the economy (thus preventing simple sybil farming and nefarious actors). As they vest, they can be claimed and used in their wallets like other tokens.
5% of tokens are unlocked instantly and used for providing liquidity on decentralized and centralized exchanges. $UP Tokens will not be sold on a token sale, and the market will be seeded fairly by the team in the open for the market to discover and participate freely. This allows for instantaneous market and price discovery and liquid value for $UP Tokens for users to buy and sell.
5% of tokens are allocated to advisors and external contributors with a vesting schedule of 4 years and a cliff of 1 year vested linearly (monthly).
5% of tokens are allocated to Partnerships for various strategic partnership with a vesting schedule of 4 years and a cliff of 6 month. First tranch vested instantly at launch, and vested linearly (monthly) from month 6 onwards.
5% of tokens are allocated to Ecosystem Developments with a vesting schedule of 4 years and a cliff of 6 months,
