🧩Token Distribution
Last updated
Last updated
The following chart represents the most up-to-date token distribution of ELS, and supersedes any token allocation models previously published as part of the original launch.
Last updated: February 2024
The Token Generation Event (TGE) took place on June 28, 2023. Any vesting or unlocks described in the allocation chart is in reference to that date.
Private Sales: ELS allocated to seed investors (e.g., Dragonfly, Sequoia, Makers Fund) are vested over 2 years in total. The initial 25% occurs 6 months after TGE, or December 28, 2023. Following the first cliff, the remaining allocation is vested linearly every 3 months. Hence, on March 28, 2024, another 12.5% would unlock, followed by June 28, 2024, and so on. ELS that was purchased leading up to the TGE via third party platforms such as Presail are subject to a total vesting schedule of 12 months with unlocks happening every 3 months from the TGE date.
Core Contributors: ELS allocated to the team is vested over a period of 4 years. Unlocks happen every 9-12 months upon TGE. For core contributors who joined after TGE, vesting schedules are shifted by the time window between TGE and their contribution starting dates.
Community: Rewards given out to the broader community don't follow an exact timeline but are contingent on the traction that we are seeing in the ecosystem and farming platforms.
ELS Foundation: These do not follow a preset standard vesting schedule but are contingent on the specific partnerships.
Liquidity: N/A
