Reference
Parameters
Every fixed number in one place, and what is still to be decided.
$ALL and the auction
| Parameter | Value |
|---|---|
| Total supply | 1,000,000,000 $ALL, fixed |
| Chain | Ethereum mainnet, ERC-20 |
| Auction allocation | 400,000,000 $ALL (40%) |
| Auction length | 90 days, before the token launches |
| Daily offer | About 4.44M $ALL, plus any carried over |
| Day 1 floor price | $0.05 |
| Price step | +1% next day if 50% or more of the day's offer sells |
| Auction currency | USDC |
| Use of the raise | Half to the Compute Treasury reserve, half to development and operations |
| Unstaking cooldown | 7 days |
| Slashing | None |
WIT credits
| Parameter | Value |
|---|---|
| Daily reset | 00:00 UTC |
| Daily allowance | A function of $ALL staked and the $ALL price |
| Allowance expiry | At the next daily reset |
| Retail price | $0.01 per WIT, 100 WIT per USDC or USDT |
| Bought WIT | Does not expire |
| Starter WIT | 100 WIT, expires after 30 days |
| Buyback | 50% of platform fees buy back $ALL on the open market every day, from launch |
| Burn of $ALL paid for WIT | Half of the $ALL paid, at the end of each quarter |
Still to be decided
- Whether $ALL left unsold after the auction is burned or sent to the Compute Treasury.
- Whether bought-back $ALL is held in the Compute Treasury or burned, and how buybacks are carried out.
- The price oracle and averaging window used for the daily $ALL price.
- Staking tier thresholds and WIT package sizes.
- Vesting schedules for contributors, the foundation and community rewards.