$RECORD Token Economics

Token Distribution

CategoryTotal ($RECORD)Allocation %Vesting

Private Sales 1

101,000,000

10.10%

0% at TGE, 12 months cliff, 18 months release

Private Sale 2

51,666,666

5.17%

0% at TGE, 12 months cliff, 18 months release

Private Sale 3

27,777,778

2.78%

20% at TGE, 1 month cliff, 6 months release

Market

50,000,000

5.00%

100% at TGE

Team

114,575,000

11.46%

0% at TGE, 1 month cliff, 18 months release

Founders

80,000,000

8.00%

0% at TGE, 18 month cliff, 36 months release

Core Contributors (Affiliates)

50,000,000

5.00%

0% at TGE, 4 month cliff, 36 months release

Community Rewards (Airdrop)

160,000,000

16.00%

20% at TGE, 1 month cliff, 9 months release

Marketing

100,000,000

10.00%

100% at TGE

Ecosystem Growth

120,000,000

12.00%

0% at TGE, 36 month cliff, 36 months release

Treasury

144,980,556

14.50%

100% at TGE

Total

1,000,000,000

100.00%

* These distributions are provisional. Actual distributions are subject to changes until the TGE.

Months01239183672

Private 1

0.00%

0.00%

0.00%

0.00%

0.00%

3.37%

10.10%

10.10%

Private 2

0.00%

0.00%

0.00%

0.00%

0.00%

1.72%

5.17%

5.17%

Private 3

0.56%

0.56%

0.93%

1.30%

2.78%

2.78%

2.78%

2.78%

Public Market

5.00%

5.00%

5.00%

5.00%

5.00%

5.00%

5.00%

5.00%

Team

0.00%

0.69%

1.42%

2.14%

6.60%

10.53%

11.35%

11.46%

Founders

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

4.00%

8.00%

Core Contributors (Affiliate)

0.00%

0.00%

0.00%

0.00%

0.69%

1.94%

4.44%

5.00%

Community Rewards (Airdrop)

3.20%

3.79%

5.21%

6.64%

15.17%

16.00%

16.00%

16.00%

Marketing

10.00%

10.00%

10.00%

10.00%

10.00%

10.00%

10.00%

10.00%

Ecosystem growth

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

12.00%

Treasury

14.50%

14.50%

14.50%

14.50%

14.50%

14.50%

14.50%

14.50%

Total

33.25%

34.54%

37.06%

39.57%

54.74%

65.84%

83.33%

100.00%

Supply

During the project development phases, the token supply components will also change. In Phase 1, the components of the supply will be:

  1. TGE Supply: This is mintable by the admin via the ERC20 minting and allocation function. It is limited to 1 billion tokens.

  2. Music Reward Mechanism: The supply resulting from the inflation process is governed by the Music Reward Mechanism. It is theoretically unlimited, but the reward rate will be set by the governance equal to 10% yearly at the TGE. The resulting inflation will be proportional to the number of $RECORD tokens staked in the Music Reward Mechanism. Given the incentive logic behind the Music Reward Mechanism, the expectation is that only the ecosystem partner will dedicate their token to it, resulting in a low gross inflation rate.

In Phase 3, with the launch of the sovereign chain, a Proof-of-Stake consensus mechanism will be in place to ensure a decentralised protocol governance. The PoS implies an ecosystem inflation used to incentivise the validator network. The inflation generated by the PoS it will function on the number of tokens staked on the validators, and it will also include the Music Reward Mechanism so that the components of the supply will be:

  1. TGE Supply: This is mintable by the admin via the ERC20 minting and allocation function. It is limited to 1 billion tokens.

  2. Validation reward: calculated as a product between the inflation rate and the number of tokens staked by the network participants. This inflation will primarily be dedicated to incentivising the validation network, while a portion of the inflation will be dedicated to the Music Reward generation according to specific dynamics that will be defined by the governance.

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