Tokenomics
Last updated
Last updated
ImpDAO will launch with funds of $200,000 USD. These funds were raised from two sources:
$75,000 USD was raised from the Initial Discord Offering (IDO) at a price of $50 USD per pIMP
$125,000 USD was raised from the two co-founders at a price of $50 USD per pIMP
Of these funds, $75,000 will be allocated towards the ImpDAO liquidity pool (total size of LP $250,000) on beets (70% IMP / 10% FTM / 10% DAI / 10% MIM pool), while the remaining $125,000 will be used to seed our treasury.
pIMP token holders will be able to redeem pIMP for IMP at a 1:1 ratio directly upon launch.
The team will be granted 10,000 pIMPs, which will be vested over the period of 20.2 months as per the chart below. The team allocation is not only time-vested but also bound to specific targets in terms of $m in treasury assets controlled by the protocol to fully align stakeholder interests.
The schedule foresees a faster unlock shortly after launch (3,000 pIMPs by week 8) since we expect high inflation of the supply. Along with our estimates, the total supply should be well above 50,000 after month-in with a conservative bonding projection. The team will of course be conservative with selling its allocation (some of us will however be working full time on ImpDao).
