Tokenomics Summary
This Tokenomics summary is an outcome of over a year of development surrounding the design of the optimal token economy. Goracle made use of full time mathematicians, statisticians and also worked with several third party tokenomics consultants and auditors to develop a comprehensive economic design. In order to fund the project initially, a reasonable amount of tokens was dedicated to investors while ensuring that the percentage of supply remains as low as possible. Vesting schedules are implemented to protect the value of the GORA token and allocation of tokens are ecosystem and participant biased. The token has utility on both sides of the ecosystem; node runners and validators stake to earn rewards while consumers use the token to pay for data. The primary design will ensure that the community will be the majority holders, and whale holdings are limited.
In order to fund the project initially, a reasonable amount was dedicated to investors while making sure that percentage of supply remains as low as possible. Vesting schedules are implemented to protect the value of the GORA token and allocation of tokens are ecosystem and participant biased. The token has utility on both sides of the ecosystem; node runners and validators stake to earn rewards while consumers use the token to pay for data. The primary design will ensure that community will be the majority holders, and whale holdings are limited.
The total supply of $GORA is 100M tokens, and will be distributed across 13 sub areas:
Token Allocation | % of Allocation | Number of Tokens | Vesting Period | TGE % |
|---|---|---|---|---|
Ecosystem Rewards | 33% | 33,000,000 | 1 month cliff, Distributed as per network activity | |
Ecosystem Development | 10% | 10,000,000 | 1 month cliff, 20%/year over 5 years | |
Treasury/Liquidity reserve | 12% | 12,000,000 | 12 month lock up, then 8% per month. 100% locked in Treasury as reserve & automated liquidity pairing. | |
Advisors | 3% | 3,000,000 | 6 month lock up then daily unlock over 12 months | |
Team and Recruitment | 12% | 12,000,000 | 24 month lock up, then daily unlock for 12 months | |
Marketing and Partnerships | 6% | 6,000,000 | 3 month lock up, then 15% per month | |
Adoption Incentives | 2% | 2,000,000 | 3 month cliff Distributed to node runners over 2 years | |
Launch liquidity | 4% | 4,000,000 | Orderbook management and liquidity provision by Market Maker (GSR) Locked to CEX/DEX | |
Pre-seed Round | 2% | 2,000,000 | 12 month cliff, daily unlock over 12 months | |
Seed Round | 6.67% | 6,666,667 | 12 month cliff, daily unlock over 12 months | |
Strategic sale | 3.33% | 3,333,333 | 12 months cliff, daily unlock over 12 months | 10% |
Whitelist Round | 2.10% | 2,100,000 | 12.5% TGE, daily linear over 8 months (may be used to run nodes to accumulate rewards). | 12.5% |
Node Sale Round | 1.67% | 1,666,666.67 | 15% TGE, daily linear over 6 months (Note: These tokens must be used to run nodes, and rewards will accumulate) | 15% |
Public Round | 2.23% | 2,233,333.33 | 20% TGE, daily linear over 4 months | 20% |
The token release schedule for GORA is as below:
A visual demonstration of the circulating supply, which more detail can be found in Monetary Supply, and distribution section
The GORA token allows holders to:
- Stake and become Node runners and Validators.
- A consequence of this is to be eligible for rewards paid out by Goracle and Consumers.
- Consumers can pay for data/computation.
- Token holders can vote on issues such as fees (i.e. Governance).
- Accrue value as Goracle grows.
- Rewards are a pool of 10,000,000 tokens which will be handed out on a monthly basis via programmed rules.
- Those with a higher number of successful requests will receive a larger share of the monthly pool of rewards.
- Rewards pool increases month-on-month instead of declining exponentially which will help incentivise long term participation and new joiners every month.
- Adoption incentives are an extra pool of 2,000,000 tokens designed to attract early adopters with guaranteed 3 month APY for new joiners.
- APY will vary depending on the month joined.
- 20% for the first 6 month, 15% for the next 6 month and 10% for the subsequent 6 months.
A fixed price token sale model will be used, which means the sale ends when the tokens are bought out at the specified fixed price.
For the first two rounds - although tokens are under lockup - Node Runners will be able to stake those tokens which makes them eligible for the most profitable section of the adoption incentive schedule.
They will also be eligible for the stakeholder rewards schedule from the beginning. The ability to sell the tokens will occur as per vesting schedules, depending on which round you buy in, which is currently planned for April 2023. This means as you receive your tokens on a daily basis, you will be able to sell your tokens. Token holders can delegate their tokens to providers of such services such as Infstones, or run their own nodes and stake to earn rewards.
Last modified 2mo ago