Startup tokens
Temporary accounting measures and a means to justly allocate to tokens.
Last updated
Temporary accounting measures and a means to justly allocate to tokens.
Last updated
Being founder funded and with no team allocations, startup tokens were devised as a means to account for capital spent and a just way of allocating based upon these expenditures.
These tokens will all become convertible to 3.finance bonds (Guild NFTs), upon GuildBond deployment. This page outlines principally why each token was created.
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. Remaining true to this decision, any overspend by the founder has been accounted for through PRIME token purchases at a lesser discount to that applied to SEED investment.
3Fi tokens received upon conversion of SEED to Bond; amount to 0.315% of token supply. Above value references the total SEED allocation.
Moving beyond funder funded contributions, PRIME and ALPHA tokens were created to enable external sources of financing to enter the project at considerable discounts and be eligible for 3Fi allocations at five times the standard rate.
Contributions however are designed to meet two project requirements:
Engage internal protocol flywheels and,
Extend the designated teams runway.
Achieving both simultaneously is expected to bring both longevity and sustainability to the project and designated teams.
3Fi tokens received upon conversion of PRIME to Bond; amount to 0.210% of token supply. Above value references the total PRIME allocation.
Prime tokens are publicly available via the website. Learn more about tokens.