code-423n4/contracts

Token distribution plan

Closed this issue · 3 comments

gpersoon commented
Token distribution plan
gpersoon commented

The is a place holder for the token distribution plan.
At least approximate amount estimates are necessary to be able to configure the government parameters.

MrToph commented

The main issue #1 mentions a token sale & vesting as part of the MVP:

  • Be able to take a genesis block (with vesting)
  • Conduct initial token sale to token purchasers

It'd be good to know as part of this token distribution ticket if a token sale is indeed part of the MVP and done right at the start or if we first do an airdrop and run the initial governance with these airdrop tokens.

I'm trying to figure out if we can do the vesting + token sale contracts as an addon later. And then mint tokens for the token sale through governance.

adamavenir commented

I want @scott-l-e-w-i-s and @zscole to weigh in on this, but the simplest option might be to do as you say and break things into a handful of discrete steps. For example:

  1. Mint full token set to DAO treasury
  2. Make initial airdrop token distribution
  3. Take governance action for vesting tokens
  4. Take governance action to perform token sale (with vesting)

Though perhaps it would be simplest to merge steps #1 and #2, minting the initial token set to both the DAO treasury and the initial airdrop recipients in the same move.

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