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What is the issuance amount of USUAL coins?
The total issuance of USUAL coins is 100 million tokens, with a distribution allocated to seed rounds, private rounds, public sales, team and advisors, and ecosystem funds.
Dec 13, 2024 at 07:52 am
USUAL is the native token of the Usual Protocol, a decentralized network for creating and managing decentralized autonomous organizations (DAOs). The total issuance of USUAL coins is 100 million tokens. The token distribution is as follows:
Seed Round (20%): 20 million USUAL tokens were sold in a seed round in 2021.
Private Round (30%): 30 million USUAL tokens were sold in a private round in 2022.
Public Sale (20%): 20 million USUAL tokens were sold in a public sale in 2022.
Team and Advisors (15%): 15 million USUAL tokens are allocated to the team and advisors.
Ecosystem Fund (15%): 15 million USUAL tokens are allocated to the ecosystem fund, which supports the growth and development of the Usual Protocol ecosystem.
The issuance of USUAL is subject to the following lock-up schedule:
- Seed Round: 12-month lock-up, followed by a 24-month vesting period.
- Private Round: 6-month lock-up, followed by a 12-month vesting period.
- Public Sale: No lock-up, but subject to a 12-month vesting period.
- Team and Advisors: 24-month lock-up, followed by a 36-month vesting period.
- Ecosystem Fund: No lock-up, but subject to a 36-month vesting period.
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