Utility Token distribution and tokenomics
Our utility token GEL is designed to play a critical role in the Geltonas.tech ecosystem, providing stakeholders with a means to engage with and benefit from our platform. The tokenomics of our utility token ensures a balanced distribution that supports the long-term growth and sustainability of our platform while rewarding early adopters and contributors.
Up to 50% of all fees generated by our platform and white label solutions shall be distributed among token holders in perpetuity.
Token Distribution
1. Public Sale / Fair Launch (50%):
Price: $0.10 per token
Renounced LP:
https://etherscan.io/tx/0x299ce9bede35936c93faeca5e75cf3b874aec9923fff5a5d97a4bf147a1af9fb
2. Team Allocation - lock (20%):
Vesting Period: 5 years with a 12-month cliff
Purpose: To incentivize and retain key team members over the long term. This tokens are currently vesting using the bitbond tool.
Smart contract team vesting 5yrs with no-lockups:
https://etherscan.io/token/0x82f2032739ae7f280d1b2e1a94486229cbce11f1#balances
3. Development Fund DAO (25%):
DAO Vault will hold 3/4 of the said amount with the purpose to fund ongoing platform development and technological enhancements. Including hackathons and collaborations.
Link to the Aragon DAO:
https://app.aragon.org/#/daos/ethereum/geltonas.dao.eth
DAO vault:
https://etherscan.io/address/0x1a49c8cef73743b7acf40ffef7d17f4c445d5972
DAO vesting/bootstrap development managed by community DAO:
https://etherscan.io/nft/0x1961a23409ca59eedca6a99c97e4087dad752486/1453
Also, 1/4 of the said amount is currently vested for 5 years with a 12-month cliff using the bitbond tool.
Developer vesting 5yrs:
https://etherscan.io/token/0x4368a0d40102a504bda00fd9c9b136d73348b1b4
6. Airdrop up to (5%):
Purpose: To reward Geltonas early supporters and contributors from the ReFi community and Zealy community members in a 60/40 ratio respectively. Particularly, our supporters involved in the Gitcoin #GG20 initiative both in the Climate and DeSci rounds, with Gitcoin data snapshot shall be eligible for 60% of the airdrop pursuant to their contribution; and an average of such aidrop was allocated to the Zealy supporters with at least 1,000 points in our community site https://zealy.io/c/geltonastech.