🪙DREAM Token and Tokenomics
DREAM is the native protocol token of the DREAMBYT3 ecosystem and is currently designed to serve as the value accrual and governance unit within the DREAMBYT3 universe.
Last updated
DREAM is the native protocol token of the DREAMBYT3 ecosystem and is currently designed to serve as the value accrual and governance unit within the DREAMBYT3 universe.
Last updated
Total Supply: 1,000,000,000
As the team believes deeply in the values of web3, decentralization, and open-source software, the launch of the $DREAM token has been designed with all of this in mind, and will be conducted using a Fair Launch Auction, as opposed to other types of TGE events as the team believes this is the most sustainable mechanism for bootstrapping liquidity.
1 billion DREAM have been minted at genesis and will become accessible in time. If you are familiar with UNI (Uniswap Token), you will notice that DREAM follows a similar schedule, with cliffs and vesting for advisors. The initial allocation is as follows:
51% to DREAMBYT3 community members 510,000,000 DREAM
28% to past and future core contributors with 1-month cliff and 1-year vesting 280,000,000 DREAM
8% to investors with 3-month cliff and 1-year vesting 80,000,000 DREAM
3% to advisors with 3-month cliff and 1-year vesting 30,000,000 DREAM
10% to the DREAM LBP event 100,000,000 DREAM
Total DREAM Supply: 1,000,000,000 DREAM
Core contributors' and launch partners' DREAM allocations will have tokens vested on an identical schedule with the addition of a 1 month cliff for transfers. Advisors' DREAM allocation will vest over 12 months with a 3 month cliff.
The DREAMBYT3 protocol’s initial emissions program emits 2.05% of the total DREAM supply to incentivize liquidity provisioning. The program term is approximately two months.
For further details see the veDREAM and Staking mechanism as to how you can obtain veDREAM.
