TemDAO Tokenomics
Last updated
Last updated
Overal, 38% of total supply went to the community during the initial genesis, which includes team shares, marketing, and development fund. 62% of total supply remained unmineted and available in TemDAO's treasury to ensure the longevity of the organisation, such as participation incentives, staking reward, etc. Members may choose to issue further tokens at any time to the public or select strategic entities and funders.
Allocations for market preparation in the early stages of a project are based on contributions to market preparation and the provision of a stable market environment. Allocations are also based on airdrops and other contributions to community building and user activation of the platform. IEO and Initial liquidity are included in this part as well.
These allocations are mainly to the people who participate in World Heritage or cultural assets protection. In addition to allocations for funds beyond the crowdfunding target for equipment and other repairs, this includes allocations for due diligence of the originators, for legal and tax experts, as well as allocations for maintenance and management of the platform that allows the use of various crypto assets, for contributors, and for developers who help the platform develop in the early stages of the project. Moreover, incentives for users are also involved in this part, including initial fundraising, IP-NFT trade, forum participation, resource exchange, project review.
The TemDAO Project will make allocations to develop its own platform and to provide services on it. This is positioned as an important allocation for the TemDAO Project community to expand worldwide, as it is envisioned to be localized into various languages and customized according to national and regional preferences for the multifaceted maintenance and repair of World Heritage and cultural assets that are taking place in various parts of the world. It will also be used for supporting other projects based on TemDAO to extend TemDAO's ecosystem.
The remaining TemDAO Coins will be allocated to the stakeholders. This includes the TemDAO Project team, investors, prospective employees, and strategic partners.
All $TEM allocated to the TemDAO Project team members will be subject to a two-year vesting schedule. In addition, all $TEM allocated to existing stakeholders of the TemDAO Project will be non-transferable for at least one year.
$TEM is an important part of the whole system. It is necessary for starting fundraising, proposal governance, IP-NFT trade, discussion, resource exchange and project assessment.
Fundraising participation incentive
Reward for IP-NFT Listing and trading
Reward for issuing information on communication platform
Reward for project evaluation
Lock for veTEM to govern the fundraising proposals and decide the fund allocation
Pay the commission fee for IP-NFT trading
Staking $TEM to create a pool for fundraising and project audit
Use $TEM as incentive to invite experts to answer questions
Attach $TEM to the task for resource exchange
Deposite $TEM to be a node to review the projects as the cost of cheating.
Reputation Token is designed as non-transferable NFT, which is also referred to as SBT. The reputation token can be minted on our website for free. Every address can only mint once with KYC to prove In-Real-Life identity. It is used to calculate the reliability of a project during crowdfunding that the summary of all team members' reputations. The reputation token is updatable to show change in reputation.
