The 3% share of the total supply of 100,000,000 DAW which is 3,000,000 DAW at first is allocated to IDOs or Launch Pads.
TOKENOMICS
The remaining supply will be reserved exclusively for the protocol and further operations, and 23% to team.
23% tokens were allocated to the Development Fund for the core team, subject to the following vesting:
> 80% locked once Token Sale distribution ended
> 60% locked after 4 months
> 40% locked after 8 months
> 20% locked after 10 months
> 0% locked after 14 months.
74,000,000 DAW being mined over 8 to 9 year period, starting after the IDO at a rate of 0.64 DAW per block (18,493 per day).
DAW is distributed based on liquidity mining, with borrowers receiving 30% of daily rewards, suppliers receiving 30% , and stable minters receiving 22%, 15% gets burned immediately and 3% get to ecosystem reserve fund.
36%
Platform development
20%
Legal expenses
20%
Operating costs
20%
Marketing and advertising
4%
Other expenses
Milestones of the project development
Q1 2021
Idea formation and background research
Q2 2021
Product Development Began
Q3 2021
IDOs and Fund Raise
Q4 2021
Lending and Borrowing Ecosystem launch
Q1 2022
Polygon Centered DEFI Wallet launch
Rewards Token Launch
Q2 2022
LaunchPad Launch
First ever DEFI based user financial profile history management system launch
Q3 2022
Voting systems launch
Q4 2022
Roadmap update pending