Token Distribution
The aim of the token distribution is to ensure healthy engagement of the protocol. A healthy protocol would be one where there is a consistently high utilization rate of the available borrowing pools balanced by an increasing lending pool. QI holders can propose improvements and collectively decide on the optimum solution for the protocol.
QI tokens will be distributed in a targeted manner via Liquidity and Community Incentives to achieve a balance of high market utilization and a wide distribution of governance participants. This is subject to changes via governance as the protocol evolves and market conditions change.
A total of 45% or 3,240,000,000 QI tokens will be distributed to the community. The distribution will be done via:
A total of 10%, or 720,000,000 QI tokens will be distributed to the team which will be fully unlocked over four years, with quarterly unlocks, and a 12 month cliff after public listing.
A total of 15%, or 1,080,000,000 QI tokens are reserved for the Treasury which may be used for incentivizing partnerships and ensuring the health of the protocol. The Treasury vests quarterly over 4 years, with a 9 month cliff after public listing.
A total of 5%, or 360,000,000 QI tokens are reserved for providing exchange liquidity, both on DEXs like Pangolin, and for CEX listings.
Last modified 1yr ago