Supply
We have minted 1 Billion AUDIT Tokens (asset1h2qa2evcnwpchh349pdxu3q6e8f4unulq2nzg2) and have it capped at that amount forever. No additional tokens can ever be minted. 1 Billion was chosen as it would allow for a lower price which the average investor could afford to participate in the DAO.
Stake Pool Rewards
SCATDAO cares about the Cardano community and wants everyone to be involved in keeping it safe regardless of how much money they have to invest. Therefore, 15% of the tokens will be distributed through our stake pool. There will be a stake pool fee charged in line with most other pools which will allow delegators to keep the vast majority of their ADA rewards and still earn tokens for us. We would also note that this allocation is large because we intend to distribute our tokens through the stake pool over an extended period of time. This is not the same concept as an ISPO which runs for a limited number of epochs. We will utilize the stake pool for the foreseeable future to supplement our operations and therefore want to have sufficient rewards for our delegators to give them more of a voice in how our DAO is run.
Treasury
Treasury is allocated 10% of token supply which will be used to provide liquidity to DEXs and fund the treasury
Community Airdrop
To encourage as much participation as possible in our DAO, we plan to have a community-wide airdrop that will grant free tokens to everyone who is delegating to a stake pool. This is for ANY stake pool, not just for those who delegate with us. 5% of the total supply is being reserved for the community airdrop with allocations going community-wide, to our discord members, and to our moderators.
Public Seed Sale
1% of the total supply is being sold in a public pre-sale to raise funds to complete our first version of the platform. We will be forever grateful to Project Catalyst and everyone who has voted to fund us and get this project started. There are considerable expenses that we still have in order to complete this project, and we feel that selling a percentage of our tokens to raise these funds is a fairer approach than relying on Catalyst to foot the entire bill. Catalyst is fantastic for getting projects kicked off and creating an MVP or proof of concept, but by continually requesting funds each round, that limits the number of other projects that will get their shot at making their vision a reality. The funds raised here will be used to begin paying the headcount we currently have who have been working for free, pay marketing expenses, fund our ISPO, and any other overhead.
Participation Rewards
30% of the total supply will be held to reward community participation in reviewing audit work, finding bugs/issues, performing research, or other activities that support the work of our DAO.
Future Hires
As mentioned, we will be working on multiple versions of the platform. Tokens are held for future hires who will be needed to work on versions 2 and beyond. These tokens are not meant for any current members of the dev team. The DAO will determine the additional tasks it would like to complete and reward work for those tasks from this allocation.
Development Team
The Development Team has been allocated 13.5% of the total supply. Tokens for Dev Team will be vested over a 3-year period, with the exception of ADAO, which will receive their allocation at the Initial DEX Offering to hold in their treasury. The tokens will be unlocked according to the following schedule:
| Period | Tokens Unlocked |
|---|---|
| Initial DEX Offering | 25% |
| 1 Year Later | 25% |
| 1 Year Later | 25% |
| 1 Year Later | 25% |
| 3 Years Total | 100% |
Token Allocation
| Token Allocation | |
|---|---|
| TREASURY | 10% |
| ISPO | 15% |
| DEVELOPMENT TEAM | 13.5% |
| STAKE POOL REWARDS | 15% |
| FUTURE HIRES | 10.5% |
| COMMUNITY AIRDROP | 5% |
| PARTICIPATION REWARDS | 30% |
| SEED FUNDING | 1% |
| TOTAL | 100% |