Tokenomics
Initial Distribution
The initial supply of $CFN
is 30M and 85% out of it, 25.5M, will be distributed as vote-locked ($veCFN
) tokens.
CFN
Recipient | $CFN Amount | Percentage |
---|---|---|
Community Fund | 3M | 10% |
Genesis Liquidity | 1.5M | 5% |
Total | 4.5M | 15% |
veCFN
Recipient | $veCFN Amount | Percentage |
---|---|---|
Airdrop(historical Ethereum traders) | 10.5M | 35% |
Idle Liquidity(up to 6 months) | 6M | 20% |
Shareholders(team and investors) | 6M | 20% |
Grants(partner protocols) | 1.5M | 5% |
SWAP Pool Votepower | 1.5M | 5% |
Total | 25.5M | 85% |
Emissions
In the first epoch(week), 500k $CFN
(1.6% of the initial supply) will be minted for liquidity providers. The emission decreases 1% every week, as plotted below:
Thus, the total supply will increase from 30M(week 1) to 80M max:
Public Goods Emissions
None of our current endeavors would be possible without the pioneers who paved the way before us. We hold deep respect for these trailblazers, which is why we've structured our tokenomics to allocate 1% of emissions toward public goods projects. Initially, the team will select these public goods projects, but decentralized governance($veCFN voting) will determine them in later phases.
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