Aqualis Tokenomics Update v4 - The Great Aqualis Inferno

in #leofinance5 months ago

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Hi Aqualiens, after months of fundraising, we've conducted a thorough assessment of our tokenomics and recognized that it has posed a significant hurdle for potential contributors. While there has been a positive sentiment surrounding our protocol, the aggressive vesting period and the high FDV have deterred enthusiastic supporters from participating.

In response to this feedback, we have made the decision to revamp our tokenomics by effectively pre-emptively burning 71% of our tokens!

If you are interested in becoming an early contributor, please check out our pre-token sale post.

For larger contributions or to simply learn more about Aqualis, please join our Discord and submit a ticket or DM @cryptoeater.

So without further ado, we present the Great Aqualis Inferno!

Summary of Changes

  • MAJOR reductions of supply all around, price stays the same!
  1. Public Sale allocation reduced by 50%
  2. Core Team allocation has been reduced by 44%
  3. Founders' allocation has been reduced by 47%
  4. Advisors' allocation has been reduced by 80%
  5. DAO Treasury allocation has been reduced by 83%
  6. Operations Budget allocation has been reduced by 80%
  7. Emissions have been reduced by 83%, and rebranded to "Community Incentives" to give a broader use case for this allocation
  8. New allocation "DEX Liquidity", accounting for 6% of total allocation

New Tokenomics

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  • Total tokens: 288,888,888
  • Pre-Seed Sale (complete): 3.46% - 10,000,000
  • Seed Sale: 6.92% - 20,000,000
  • Pre-token Sale: 0.35% - 1,000,000
  • Public Sale: 6.92% - 20,000,000
  • Core Team: 9.69% - 28,000,000
  • Founders: 27.69% - 80,000,000
  • Advisors: 2.08% - 6,000,000
  • DAO Treasury - : 10.38% - 30,000,000
  • DEX Liquidity: 6.23% - 18,000,000
  • Marketing Activities: 1.04% - 3,000,000
  • Partnership Incentives: 1.04% - 3,000,000
  • Community Incentives: 24.19% - 69,888,888

Public Sale (50% reduction)

In response to current market conditions, we've adjusted our public sale allocation with a clear purpose in mind. Our primary objective is to seed the protocol's initial liquidity pools and foster a strong foundation for our project without purely relying on outside contributors. Therefore, we are targeting a maximum fundraising goal of $2.5 million across both centralized and decentralized launchpads, and it's important to note that 100% of the funds raised will be used as protocol owned liquidity both natively, and on external DEXes. All unsold tokens will be burned.

Core Team (44% reduction) and Founders (47% reduction)

We recognize the importance of striking a balance between incentivizing our dedicated team members and ensuring a fair distribution of tokens.

To this end, we've chosen to allocate 10% of tokens to our core team. This allocation is designed to motivate both our existing team members and potential future contributors, ensuring their commitment to the project's continued growth and success.

Now, you might be wondering why the founders' allocation remains relatively higher. The reason lies in the substantial risk our founders have undertaken by self-funding and steering this project from its inception in early 2022. This allocation reflects our founders' belief in the project's vision and their long-term commitment to its success. Furthermore, the founders have the longest vesting period of 7 years, compared to 5 years for core team members and 3.5 years for seed sale contributors. More information can be found here.

By making this allocation adjustment, we aim to align our interests with those of the broader community and demonstrate our dedication to a more equitable and sustainable future for our project.

Advisors (80% Reduction)

While we deeply appreciate the significance of advisors in our project's journey, we've encountered a situation where much of the advisor allocation has remained unused. It's important to note that our advisors have been incredibly supportive, readily offering their guidance and assistance without reliance on any allocation at all. In fact, allocations have traditionally been offered to express our gratitude for their exceptional contributions after the fact. With that being said, Aqualis is committed to actively seeking and welcoming additional trusted and highly respected advisors to join our team. We believe that their insights and expertise will play a crucial role in advancing our project even further

DAO Treasury (83% Reduction)

Reducing the DAO allocation was a decision made in response to concerns raised by our potential contributors. Some of these concerns include potential exploits, centralization, and the possibility of token dumping. This adjustment significantly mitigates the associated risks.

Importantly, the DAO still maintains a healthy allocation, ensuring that it has ample resources to fund future operations and initiatives as needed.

We believe that this decision strikes the right balance, aligning our interests with those of the community while preserving the DAO's capacity to support the project's continued growth and success.

Operations Budget (80% Reduction)

With much of the same risks as the DAO Treasury, the Operations Budget has been reduced significantly.

Emissions (83% reduction)

Previously, our emission schedule was designed to extend over an impressive 100-year timeline, serving as a compelling testament to our commitment to sustainable tokenomics. However, in practical terms, this prolonged timeline significantly inflated our FDV. We've taken a strategic step by revising this schedule to a more pragmatic 5-8 year duration.

In addition to the adjustment in timeline, we've rebranded this allocation to "Community Incentives". This transformation reflects our intention to utilize these emissions to motivate and reward our community for actively participating in activities that enhance the protocol such as lending, depositing, staking, and more.

New DEX Liquidity Allocation (6% total)

This new allocation will be used exclusively for DEX liquidity, operating under the "Protocol Owned Liquidity" portion of the DAO's funds, thus requiring a DAO vote to be moved/used.

For More Information

Join our Discord
Follow our Twitter
Visit Aqualis.io
Read our docs

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