Native STELLA: Updated
In the spirit of true decentralization and unequivocal fairness, Stella has decided to adopt a fair launch model for token distribution.
The primary goal of a fair launch, as its name suggest, is to distribute almost all of the tokens to users on our platform. This is in contrast to the frequently used model for token distribution such as Initial Coin Offerings (ICO), Token Generating Events (TGE) or Initial Decentralized Offerings (IDO) that allocates a considerable chunk of their tokens to initial investors and institutional investors. Stella wants everyone to have access to our tokens in a fair and transparent manner.
StellaSwap's native token - STELLA - will be a governance token that is embedded with various value-accrual mechanisms and utility to maximize tokenholder value. The token distribution follows a fixed supply, linear emission model that is coupled with burning or deflationary mechanisms to reduce overall supply.
Tokenomics Breakdown
Ticker
STELLA
Initial Maximum Supply
500,000,000 STELLA
Current Maximum Supply
250,000,000 STELLA
Burn Event
250,000,000 STELLA
Weekly Emissions
See VE Emissions schedule
Distribution Period
3 Years+
Token Allocation
As seen below
Supply Reduction
Total STELLA supply was cut from 500M STELLA to 250M. The excess STELLA was minted and burned and can be tracked here.
New Allocation
The new STELLA allocation is based on the new Total Supply of 250M STELLA. The following allocation will be vested across 5 years with quarterly unlocks, starting from the inception of the protocol, from Jan 2022 to Jan 2027;
Ecosystem Growth: 10%
Treasury: 12.5%
Development: 12.5%
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