krest Tokenomics
Overview
At the time of krest TGE (Token Generation Event) total supply of $KREST token was 400 million. These tokens are distributed in the following way:
Each allocation has a specific purpose and vesting schedule. $KREST TGE happened on the 2nd of August 2023.
Allocation details
| Allocation | Amount | % | Vesting |
|---|---|---|---|
| Funding Reserve | 50,000,000 | 12,5% | Vested over the next 6 months. |
| Early Backers | 20,000,000 | 5% | Vested over the next 12 months with 6 months cliff. 5% of it (1,000,000 tokens) unlock at TGE for experiments with the network and the (upcoming) tools. |
| Core Time Lease | 80,000,000 | 20% | This bucket consists of 2 parts: #1st Lease Period and Reserve. 1st Lease Period is vested over the next 12 months. Reserve funds are vested over the next 48 months. |
| Treasury | 40,000,000 | 10% | Vested over the next 12 months with 6 months cliff. |
| Adoption Programs | 90,000,000 | 22,5% | Vested over the next 40 months with a 3-month cliff. |
| Community Initiatives | 100,000,000 | 25% | Funds are divided into 4 categories: Fundrs Sale, Airdrop Campaigns, Listings & MM, and Reserve. Fundrs Sale are vested over the next 3 months, Airdrop Campaigns funds are vested over the next 12 months, Listings & MM are available at TGE, and Reserve funds are vested over the next 36 months. |
| EoT Labs Team | 20,000,000 | 5% | Vested over the next 18 months with 6 months cliff. 5% of it (1,000,000 tokens) unlock at TGE for experiments with the network and the (upcoming) tools. |
Token Unlock Schedule
| Year | Month | Krest Unlock | Circulating | % | Locked Krest |
|---|---|---|---|---|---|
| Year 1 | 1 | 35,901,042 | 35,901,042 | 8.98% | 364,098,958 |
| Year 1 | 2 | 2,527,820 | 38,428,861 | 9.61% | 361,571,139 |
| Year 1 | 3 | 2,527,820 | 40,956,681 | 10.24% | 359,043,319 |
| Year 1 | 4 | 11,779,258 | 52,735,939 | 13.18% | 347,264,061 |
| Year 1 | 5 | 4,051,986 | 56,787,926 | 14.20% | 343,212,074 |
| Year 1 | 6 | 4,051,986 | 60,839,912 | 15.21% | 339,160,088 |
| Year 1 | 7 | 16,796,937 | 77,636,848 | 19.41% | 322,363,152 |
| Year 1 | 8 | 10,024,209 | 87,661,057 | 21.92% | 312,338,943 |
| Year 1 | 9 | 10,024,209 | 97,685,265 | 24.42% | 302,314,735 |
| Year 1 | 10 | 10,024,209 | 107,709,474 | 26.93% | 292,290,526 |
| Year 1 | 11 | 10,024,209 | 117,733,682 | 29.43% | 282,266,318 |
| Year 1 | 12 | 28,885,083 | 146,618,765 | 36.65% | 253,381,235 |
| Year 2 | 1 | 34,644,500 | 181,263,265 | 45.32% | 218,736,735 |
| Year 2 | 2 | 9,644,500 | 190,907,765 | 47.73% | 209,092,235 |
| Year 2 | 3 | 9,644,500 | 200,552,265 | 50.14% | 199,447,735 |
| Year 2 | 4 | 9,644,500 | 210,196,765 | 52.55% | 189,803,235 |
| Year 2 | 5 | 9,644,500 | 219,841,265 | 54.96% | 180,158,735 |
| Year 2 | 6 | 9,644,500 | 229,485,765 | 57.37% | 170,514,235 |
| Year 2 | 7 | 29,727,833 | 259,213,599 | 64.80% | 140,786,401 |
| Year 2 | 8 | 4,727,833 | 263,941,432 | 65.99% | 136,058,568 |
| Year 2 | 9 | 4,727,833 | 268,669,265 | 67.17% | 131,330,735 |
| Year 2 | 10 | 4,727,833 | 273,397,099 | 68.35% | 126,602,901 |
| Year 2 | 11 | 4,727,833 | 278,124,932 | 69.53% | 121,875,068 |
| Year 2 | 12 | 23,588,708 | 301,713,640 | 75.43% | 98,286,360 |
| Year 3 | 1 | 3,672,278 | 305,385,918 | 76.35% | 94,614,082 |
| Year 3 | 2 | 3,672,278 | 309,058,195 | 77.26% | 90,941,805 |
| Year 3 | 3 | 3,672,278 | 312,730,473 | 78.18% | 87,269,527 |
| Year 3 | 4 | 3,672,278 | 316,402,751 | 79.10% | 83,597,249 |
| Year 3 | 5 | 3,672,278 | 320,075,029 | 80.02% | 79,924,971 |
| Year 3 | 6 | 3,672,278 | 323,747,307 | 80.94% | 76,252,693 |
| Year 3 | 7 | 3,672,278 | 327,419,584 | 81.85% | 72,580,416 |
| Year 3 | 8 | 3,672,278 | 331,091,862 | 82.77% | 68,908,138 |
| Year 3 | 9 | 3,672,278 | 334,764,140 | 83.69% | 65,235,860 |
| Year 3 | 10 | 3,672,278 | 338,436,418 | 84.61% | 61,563,582 |
| Year 3 | 11 | 3,672,278 | 342,108,695 | 85.53% | 57,891,305 |
| Year 3 | 12 | 22,533,152 | 364,641,848 | 91.16% | 35,358,152 |
| Year 4 | 1 | 3,672,278 | 368,314,126 | 92.08% | 31,685,874 |
| Year 4 | 2 | 2,137,500 | 370,451,626 | 92.61% | 29,548,374 |
| Year 4 | 3 | 2,137,500 | 372,589,126 | 93.15% | 27,410,874 |
| Year 4 | 4 | 2,137,500 | 374,726,626 | 93.68% | 25,273,374 |
| Year 4 | 5 | 2,137,500 | 376,864,126 | 94.22% | 23,135,874 |
| Year 4 | 6 | 2,137,500 | 379,001,626 | 94.75% | 20,998,374 |
| Year 4 | 7 | 2,137,500 | 381,139,126 | 95.28% | 18,860,874 |
| Year 4 | 8 | 0 | 381,139,126 | 95.28% | 18,860,874 |
| Year 4 | 9 | 0 | 381,139,126 | 95.28% | 18,860,874 |
| Year 4 | 10 | 0 | 381,139,126 | 95.28% | 18,860,874 |
| Year 4 | 11 | 0 | 381,139,126 | 95.28% | 18,860,874 |
| Year 4 | 12 | 18,860,875 | 400,000,000 | 100.00% | 0 |