4. Tokenomics
Token supply and distribution model
SHFT operates on a fixed supply model, ensuring scarcity and value preservation over time. The total token supply is set at 1 billion tokens.
SHIFT
Core Team
14%
Advisors
4%
Advisors who help the project
Community incentives
10%
Compensations for work by community members
Investors
28%
All kind of Investors: Seed, private, public, community
Reserve
29%
Can be used for market making, stacking, LP and incentives for the community
Liquidity
15%
Distribution breakdown
Token sale: 28% of the total token supply (280 million tokens) will be allocated for the initial token sale to bootstrap the project and ensure widespread distribution among early supporters and investors.
Reserve: 29% of the total token supply (290 million tokens) will be reserved to support ongoing development, marketing, partnerships, and future initiatives aimed at growing the ecosystem.
Team and advisors: 18% of the total token supply (180 million tokens) will be allocated to the core team members, advisors, and strategic partners as incentives to drive the long-term success and sustainability of the project. These tokens will be subject to a vesting schedule to ensure alignment with the project's objectives.
Community incentives: 10% of the total token supply (100 million tokens) will be earmarked for community incentives, including rewards for active participation, contributions, and engagement within the ecosystem. These incentives will foster a vibrant and supportive community around the project.
Liquidity: 15% of the total token supply (150 million tokens) will be allocated to fund ecosystem growth initiatives, including liquidity incentives, grants for developers building on the platform, and other initiatives aimed at expanding the utility and adoption of the ecosystem.
Vesting schedule for team and advisors
The team and advisor token allocations will be subject to a vesting schedule to ensure alignment of interests and long-term commitment to the success of the ecosystem. The vesting schedule will be as follows:
Duration: The vesting period will extend over a duration of 36 months (3 years) from the token generation event.
Cliff period: There will be a cliff period of 6 months, during which no tokens will vest. After the cliff period, tokens will begin vesting linearly on a monthly basis.
Monthly vesting: Following the cliff period, tokens will vest monthly in equal installments over the remaining vesting period.
Example: For instance, if an individual receives 100,000 SHFT as part of the team or advisor allocation:
No tokens will vest during the first 6 months (cliff period).
Starting from month 7, tokens will vest at a rate of 1/30th (approximately 3.33%) of the initial allocation per month.
By the end of the 36-month vesting period, the individual will have vested the full 100,000 SHFT tokens.
This vesting schedule is designed to incentivize ongoing commitment and contribution to the development and growth of the ecosystem, ensuring that team members and advisors are fully aligned with the project's long-term objectives and success.
Details of token sale
The token sale will be conducted through a seed and private sale following an Initial DEX Offering (IDO), providing an accessible and decentralized means for participants to acquire SHFT tokens. The exact dates, prices of the sales and the participating exchanges will be announced at a later stage.
The Vesting Schedule for the Token distribution shall commence from the date of the TDE and be a linear vesting for 24 months. A linear vesting schedule for 24 months means that the distribution of tokens are equal in each month.
The SHIFT DAO shall make the Governance interface available before the Minting of its SHFT utility tokens.
Full Tokenomics:
Last updated