Startup tokens
Temporary accounting measures and a means to justly allocate to tokens.
Being founder funded and with no team or treasury allocations, startup tokens were devised as a means to account for capital spent and a just way of allocating based upon known expenditures. These tokens will all be convertible to 3Bonds (Guild NFTs), upon GuildBond deployment.
This page outlines principally why each token was created.
SEED
Created to account for the founders initial project budget spend. During development the projects founder decided to retain 100 tokens to finance future bug bounties and/or related security initiatives.
Remaining true to his decision, any overspend by the founder has been accounted for through PRIME token purchases at a lesser discount to that applied to SEED investment.
Upon conversion, SEED tokens receive:
1x 3Bond for each 1x SEED token burned.
A 3Fi token allocation (based upon the issuance of 10,000 GUILD) for each 1x SEED token burned.
PRIME
Created to account for any overspend of Stage 2 and the financing of Stage's 3 and 4. The cost of each PRIME = 2x that of each SEED.
Upon conversion, PRIME tokens receive:
1x 3Bond for each 1x PRIME token burned.
A 3Fi token allocation (based upon the issuance of 10,000 GUILD) for each 1x PRIME token burned.
ALPHA
Held in reserve, ALPHA tokens may be created to finance the marketing of 3. The cost of each ALPHA = 2.5x that of each SEED.
Upon conversion, ALPHA tokens receive:
1x 3Bond for each 1x ALPHA token burned.
A 3Fi token allocation (based upon the issuance of 10,000 GUILD) for each 1x ALPHA token burned.
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