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Token Allocation and Vesting

Previous$SILONextGovernance

Last updated 3 months ago

All tokens have now fully vested, and 1 billion $SILO is currently in circulation. The SiloDAO holds approximately 50% of the circulating supply.

On December 1, 2021, 1 billion $SILO tokens were minted. Below is an overview of the token allocation and their respective release schedules:

  • Genesis Protocol-Owned Liquidity (10%): Distributed during the public auction on December 21, 2021, and claimable immediately following the auction.

  • Community Treasury (45% - vesting completed): Vested linearly over 3 years; managed by the community through governance.

  • Early Contributors (6.75% - vesting completed): Vested linearly over 3 years with a 6-month cliff starting after the Token Generation Event (TGE).

  • Founding Contributors (21.75% - vesting completed): Vested linearly over 3 years with a 6-month cliff starting after the TGE.

  • Early Community Rewards (0.2%): Airdropped to community members in January 2022.

  • Early Investors & Advisors (6.3% - vesting completed): Vested linearly over 2 years with a 6-month lock period starting after the TGE.

  • Future Contributors & Advisors (10% - vesting completed): Vested linearly over 4 years with a 1-year cliff starting upon joining the DAO.

For detailed vesting schedules, refer to the contracts for Contributors, Advisors, and Investors here:

https://docs.google.com/spreadsheets/d/1IcvYQlWQ34kIFIfIKWzJwGlw-Jv33_TMBDKCI0ziEa8/edit?usp=sharing