Private Investors
Allocation: 39% (19,500,000 CONDOR)
The investors, DAOs, VCs, Angels; They are meant to fund our vision and this proposal is built up to be as much attractive for them as it could be.
Ecosystem Incentives
Allocation: 28% (14,000,000 CONDOR)
The Ecosystem Incentives looks to fund the whole public collective composed for the early contributors, strategic partners, core infrastructure contributors, and early network testers; Funding grants for the collective and airdropping tokens for different community driven activities to improve network growth and exposition.
The allocation dedicated to the Ecosystem Incentives is distributed into the following categories:
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Strategic Partners (12%)
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Early Adopter Registered Members (8%)
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Unallocated (5%)
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Core Infrastructure Contributors (5%)
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Bug Bounty Grants (5%)
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Future Airdrop (3%)
DEX
Allocation: 10% (5,000,000 CONDOR)
Allocation to open the initial liquidity pool on the Condor Network DEX.
Condor Foundation
Allocation: 10% (5,000,000 CONDOR)
Non-profit allocation used to improve project ecosystem and growth, guaranteeing the continuity of the operations and the correct distribution mechanisms to the community.
Founder & Team
Allocation: 8% (4,000,000 CONDOR)
Reserved for founder and team with a fixed lockup period of 3 years.
Early Testers
Allocation: 5% (2,500,000 CONDOR)
Reserved for all early network testers who successfully managed to obtain roles in Discord by completing the different challenges we have prepared there.
Token Supply & Distribution Details
At genesis there will be an initial total supply of 50,000,000 Condor tokens.
There will be no public sale or IPO, instead we will use that allocation to be distributed among all the early users and collaborators of the network to reward their long term vision in the project.
Vesting periods and token unlocking will be distributed as follows:
Initial Supply Distribution:
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First Year: 19%
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Second Year: 30.5%
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Third Year: 50.5%
As told before no IPO will take place, this is why our proposal is built to be more attractive for private funds than for normal users, scheduling unlocking periods more favorables for private investors than for early members (the ecosystem incentives have a longer lockup period to prevent the community from dumping on VCs).
Token Emission Details
Condor Network contemplates 2 halving events to shrink emission due to block rewards.
First halving will take place the first subsequent year after mainnet launch, and the second one after 2 years from mainnet launch.
From the fourth subsequent year after mainnet launch, halving events can be managed by the protocol DAO & Governance to adjust emission.
The goal is to reach a point in which transactions burning fees surpasses the network's emission, becoming a deflationary network.
Network’s Yearly Emission
Initially, the network emission will be received by a multisig wallet owned by the Condor Foundation to dispose from them accordingly based on the above premise of growth and operations continuity. After the third mainnet year governance may decide on how to allocate this supply.
Initial Supply & Network Emission Comparison
As an effort to provide maximum value to our investors, we have arranged the locking vesting period from the initial supply and the network’s emission in such a way that prevents community from dumping on private investors.
Taking by example the first year of mainnet operations, investors will receive 6,500,000 tokens (68.4% of the initial supply unlocked the first year), giving them the opportunity to create all the initial market for the network, while community will just receive 3,000,000 tokens (31.6% of first year’s initial supply token allocation).
In the following graph you can appreciate how many tokens will be released each year corresponding to initial supply and network emission.
What’s Next
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Finish roadmap.
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Look for funding proposals.
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Gather interested DAOs into specific Discord channels for sale coordination.
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wen mainnet?
Socials
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Main Site: https://condor.systems
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Twitter: https://twitter.com/condorSystems
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Github: https://github.com/condorSystems
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Discord: https://discord.gg/7vvUZgYaqc
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Telegram: https://t.me/condorSystems