DAFI Tokenomics Announcement
Note — The DAFI token vesting periods were upgraded on the 3rd of May, the numbers below reflect this change, which includes a slower release & a token burning for the private sales.
We recently announced the successful close of the DAFI private raise. The public sale whitelisting will begin today. Before we do that, we want to explain our tokenomics.
The DAFI Token
- Token name: DAFI
- Total supply: 2,250,000,000
- Price: $0.00333
Private sale
We structured our raise so that those who have supported us over a long period of time, and those who can add immense value to the ecosystem will benefit. The private round was filled by top tier funds and to strategic partners in the crypto ecosystem who would provide marketing support and open doors to help us grow the project. There will be a public round prior to listing.
Based on the raise as well as tokens distributed to critical stakeholders, on the TGE the initial circulating token supply will be 214M DAFI, with an initial market cap of $0.71M.
TGE information
- Public sale amount: $150k
- Public sale tokens: 45M (2%)
- Initial circulating supply: 214.7M
- Market cap at TGE: $0.715M
- Fully diluted valuation: $7.50M
- Total raise: $1.05M
DAFI Distribution
Our tokens are distributed in a way that supports the growth of the DAFI ecosystem. Approximately 27% goes towards all fundraising. 20% of the DAFI tokens are used as staking rewards for creating synthetics. 11% goes to the ecosystem reserve to incentivise adoption, growth and products created with DAFI.
The remainder is treasury, team, marketing and advisors.
Next 12 month distribution
The tables below shows the vesting of DAFI over the next 12 months. We have designed the schedule to ensure our private and public sale participants receive tokens at the TGE. Participants in the private sale have their tokens vest over fourteen months, the strategic sale vests for five months.
- Circulating supply at TGE:
214,740,000 (9.7%) - Circulating supply at first unlock (17th April):
247,548,029 (11%)
The Marketing allocations vests weekly for 12 months, Eco-system reserve vested for 18 months and treasury for 24 months. Team and advisor tokens are locked for 1 year and then vest over a longer period.
The private sale will be distributed via a burn bridge in May, which will destroy up to 70% of the tokens allocated in this round. This is designed with the same thesis of DAFI’s technology — fewer tokens to those who care less about the network, and more to those who adhere to the longer vesting periods. The burn bridge also relies on participants claiming their tokens, which randomizes distributions even further, preventing single-day supply shocks. See more on this here.
Note: This does not include Staking (20%) which is distributed based on network adoption, not time.
DAFI Distribution over 3 years
Over a three year time period, you can see three distinct phases of token release. Phase 1 is the extended fundraised tokens unlock, Phase 2 is the ecosystem, marketing and treasury unlock which is slower and Phase 3 is the slowest with the team and advisory unlock.
Public Sale
The public sale will take place on DAO Maker in a few weeks. The next announcement are the steps to apply to be whitelisted. Make sure you only follow the official information from DAFI’s social channels below.
· Join our Telegram
· Follow us on Twitter
· Follow us on Medium
· Read our Litepaper
· Visit our Website
· Reach out — hello@dafiprotocol.io