A Guide to ThorFi Token Allocation
As we prepare to launch multiple utility pieces and add to ThorFi’s overall ecosystem, we wanted to clarify our vision for the $THOR token supply and how we will use it. Below is a breakdown of our allocation, with each portion’s intent to benefit and grow the protocol. Please note that these allocations are merely a way to be transparent with our community regarding earmarking the tokens for future use. These tokens will remain in the Token Supply MultiSig until further notice.
50% — Ecosystem Rewards / Future Utility
This portion will go toward products such as staking pools, NFT marketplace, and DEX.
How it will benefit and grow the protocol:
- Incentivizes the ecosystem and rewards loyal community members
- These incentives/rewards will be used to drive traffic to ThorFi and its offerings while staying competitive in the market as a whole
- Drives the product forward and creates its own ecosystem, each of which will all need dedicated tokens allocated to them
20% — Rewards Pool
These tokens will supplement the ThorFi ecosystem rewards pool. They’ll be meticulously introduced into the pool based on past metrics of the existing rewards pool, claims, and node compounds while considering future predictions of the rewards pool supply based on these metrics. We will also use them for any additional node types or passive income vehicles we may introduce into the ThorFi ecosystem.
How it will benefit and grow the protocol:
- Ensures that our community will never have to worry about their rewards running out
15% — Strategic Partnerships
This allocation is earmarked for future partnerships that may arise, including partnership utility allocation, or bridging and launching LP for partner protocols on different chains.
How it will benefit and grow the protocol:
- Ensures we have enough tokens to say yes to future collaborative opportunities, giving us the freedom to expand into areas we wouldn’t have the means to do before
10% — Reserve
We’re locking these tokens up for the foreseeable long-term future, with the intent to deploy and subsidize any allocation the protocol needs.
How it will benefit and grow the protocol:
- Ensures ThorFi does not face the problem of running out of tokens
5% — Team / Developers / Operations
This additional allocation for the ThorFi team will also be locked up for the foreseeable future and only unlocked through a sustainable vesting schedule.
How it will benefit and grow the protocol:
- Improves the runway and continues the development of future products
As a reminder, you can find the Token Supply Multisig here.
We hope this is helpful and we welcome your comments and feedback.
With thanks to our community,
The ThorFi Team
