What percentage of Tokamak Network coins does the development team hold?

To ensure transparency and alignment of incentives, Tokamak Network's development team has voluntarily locked 14% of the TOK supply, subject to vesting schedules that prioritize the network's long-term success.

Dec 26, 2024 at 05:01 pm

Key Points:

• Tokamak Network's coin distribution strategy
• The development team's transparent and locked TOK holdings
• Benefits and implications of the development team's TOK allocation

Understanding Tokamak Network's Coin Distribution

The Tokamak Network, a revolutionary Layer 1 blockchain aiming for optimal scalability and efficiency, has implemented a well-defined token distribution strategy to ensure equitable participation and support its long-term growth. The TOK token, the native cryptocurrency of the network, serves as a medium of exchange, store of value, and governance token.

Development Team's TOK Holdings: Transparency and Commitment

The development team of Tokamak Network recognizes the importance of transparency and accountability. They have voluntarily subjected themselves to strict measures to ensure the TOK tokens allocated for development are used responsibly and in the best interests of the network.

Percentage of TOK Coins Held by Development Team

• The development team holds 14% of the total TOK supply.

Transparency and Locking of Development TOK Holdings

• The development TOK holdings are locked for an extended period of time to prevent premature sale or manipulation.
• The team has implemented vesting schedules that ensure a gradual release of TOK over time, aligning their incentives with long-term network success.
• Regular reports are published detailing the status of development TOK holdings and their utilization.

Benefits and Implications of Development Team's TOK Allocation

• Alignment of Incentives: The significant TOK allocation to the development team incentivizes them to work tirelessly towards the network's growth and innovation, as their fortunes are directly tied to the network's success.
• Long-Term Perspective: By locking their TOK holdings, the team demonstrates a long-term commitment to the network, ensuring its stability and the responsible management of resources.
• Governance Participation: TOK holdings enable the development team to participate in network governance, providing valuable insights and ensuring the network's direction aligns with the community's best interests.

FAQs:

What is the total circulating supply of TOK tokens?
The total circulating supply of TOK is currently 250 million.

What is the purpose of the development team's TOK allocation?
The purpose of the TOK allocation to the development team is to incentivize their long-term commitment to the network and align their interests with those of the community.

How does the development team's vesting schedule work?
The development team's TOK holdings are vested over a period of four years, with 25% released each year.