On October 29, 2024, we launched the $TALENT token and initiated its distribution according to predefined vesting conditions. Following this, we created a Dune dashboard containing relevant data about $TALENT and its distribution. Now it’s time to explain these details thoroughly.

Funding Rounds

We used Sablier for distributing tokens allocated to our backers.

Sablier is a powerful and user-friendly onchain tool for token distribution and claiming. Streaming tokens instead of implementing "unlocks" on specific dates helps prevent token supply spikes. Backers can claim their tokens using the Talent Passport app.

We are planning to add the amount of unlocked tokens (i.e., tokens streamed via Sablier) to the above. Unfortunately, this data isn't directly available onchain and requires some complex calculations, which we’ll work on soon.

Ecosystem and Community Growth

The ecosystem allocation has five sub-categories. While we used Sablier for the Talent Protocol V1: Social Tokens, we deployed our own distribution smart contracts for the remaining ones.

It’s worth mentioning the token burning mechanisms we implemented for certain sub-categories:

• Ecosystem Rewards: Users must claim their unlocked $TALENT weekly. If they fail to do so, 2,000 $TALENT from the weekly unlocked tokens are automatically burned.

• Road to TGE Growth Campaign and Summer Builderdrop: Users have 30 days after TGE to claim their tokens. Any unclaimed tokens are automatically burned.

Core Team and Contributors

We also used Sablier to create streams for the following allocations.

Liquidity

We allocated 80M $TALENT for liquidity on DEXs and CEXs. We are collaborating with market makers for CEX liquidity. For the Uniswap pool, we partnered with Arrakis to manage liquidity. On Aerodrome, we’ve set up a pool but are still exploring the best tools/protocols to manage liquidity.

When $TALENT is listed on additional CEXs or new pools are created on DEXs, we’ll continue allocating tokens from this liquidity reserve.

What About the Rest of the Tokens?

To answer this, let’s rewind to the beginning: What did we do after deploying the $TALENT token on Base?

First, we created a multisig wallet controlled by the core team and transferred the total supply (600M $TALENT) there. We creatively named it the $TALENT Distributor Multisig. From there, we followed these steps:

1. Transferred tokens for the aforementioned allocations to the appropriate distribution smart contracts.

2. Transferred liquidity tokens to another multisig (Liquidity Multisig) controlled by the core team.

3. Created a new multisig for the Reserve, allocating tokens there through a Sablier stream in line with the vesting conditions outlined in our tokenomics.

4. Established another multisig for Ecosystem & Community Growth. Unallocated tokens from this category were streamed to this multisig.

The table below shows the amounts allocated to each multisig and the amounts claimed so far:

Why Are Tokens Still in the Distributor Multisig?

Some tokens remain in the $TALENT Distributor Multisig for a few reasons:

• Backers and community allocations: Certain tokens have not been distributed yet. Once token holders complete required processes (e.g., KYC), these tokens will be distributed according to the applicable vesting conditions.

• Core team allocations: Some tokens reserved for the core team remain undistributed, eg. they can be used to hire new builders for the core team.

Future Distributions

The distributions outlined in this post fall under the "Allocations on TGE." As time progresses, more $TALENT tokens will be gradually distributed.

For example, tokens earned in the OKX campaign will soon be distributed, using tokens from the Ecosystem and Community Growth multisig. However, these future distributions won’t appear in the current tables, but we’ll share updated data and tables covering post-TGE distributions in the coming weeks.

Final Notes

1. This post focuses solely on explaining how tokens are distributed. The data presented here is not financial advice.

2. The post is accurate as of November 25, 2024. For the latest data, please refer to the $TALENT Dune Dashboard.

3. We didn’t dive into the details of vesting conditions here. For that, check out the tokenomics blog post.

Still day one. Keep building.