Distribution & Emissions
Observations
Some of the core crypto based OODLZ competitors are Lolli & StormX, with the second that offers staking rewards with different tiers based on how many $STMX tokens are locked into the staking contract. The comparison with StormX is more suitable than Lolli since it provides a similar business model leveraging its token as a reward.
The APY for StormX staking ranges depending on the membership level (tiers) that is divided into. E.G. level 1 (# x STMX) - 1.25x cashback, level 1 (# x STMX) - 1.5x cashback, and so forth.
Other protocol’s demand drivers are:
Token-based lotteries/competitions
Referral bonus
Governance rights through another token ($ATH)
Debit card
According to the official whitepaper, below is the initial $STMX distribution (10B = TOTAL SUPPLY):
25% to the company and founding team members.
23,26% locked in platform utilisation and support.
41,74% was distributed among several crowd sale events.
10% was distributed among users.
OODLZ main objectives can be summarised as follows:
Use its token to fund the project.
Leverage a staking mechanism to incentivize users by aiming at minimising token withdrawals.
Optimise token allocation and vesting schedules.
Balance token supply and demand dynamics not to generate high token selling pressure.
Use gamifications as a reward user method.
The first approximation of the token distribution and vesting schedule is as follows:
So, according to this distribution, some categories are subject to a custom monthly vesting period, and 232.5M of total supply would be issued at TGE, leading to a MarketCap/Fully Diluted MarketCap ratio of 23.25%. This means that approx. 76% of the total supply will be released over the following years.
Furthermore, we can observe an exponential issuance trend throughout the first year. In contrast, the second year shows a decreasing slope emission. The curve changes into a logarithmic shape until the total supply is fully emitted by half of the third year.
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