Token Supply & Distribution
Understanding $MYO distribution over time
Last updated
Understanding $MYO distribution over time
Last updated
There will be a total capped supply of 10 Million $MYO. The tokens will be distributed in timed tranches over 4 years, decreasing in total amount over time, to maximize value appreciation and minimize supply shocks to $MYO liquidity pools.
The planned release schedule, with an anticipated launch in May 2023 is:
The first 3,000,000 tokens will be available on the Launch Date
Following 2,500,000 tokens will be released after Year 1
Following 2,000,000 tokens will be released after Year 2
Following 1,500,000 tokens will be released after Year 3
Following 1,000,000 tokens will be released after Year 4
Distribution of each tranche is structured with the interests of DAO members, core Myosin team, investors, and advisors in mind.
For each tranche release of $MYO:
40% will be distributed to the Community Treasury, which the DAO will control and distribute for members, bounties, Guilds, staking rewards, and other DAO-relevant initiatives and workstreams.
18% will be set aside as Net Reserves to support $MYO's overall tokenomics.
15% will be allocated and distributed to Investors who can provide meaningful value to the DAO and the community beyond simply cash (ex. access to new deals, talent, content, etc.)
15% will be distributed to the Co-Founders, rewarding them for their hard work and incentivizing them to be responsible stakeholders
8% will be distributed to Core Team & Advisors, for FTEs and Advisors who are helping build Myosin as leaders.
