Tokenomics & Governance
Learn more about Meta Pool Principles of management
Meta Pool will introduce $META tokens for DAO governance. The intent is for the $META token to be distributed to protocol builders and project contributors in a fully transparent way.
One thing to note is that before the on-chain governance voting platform is ready for $META token holders, core protocol contributors will make critical decisions based on the project vision and informal input from the community on discord. This is intentional, as we think it’s important to keep governance nimble in the early days of the protocol.
The main purposes of introducing the governance token:
- 1.Incentivize liquidity. To bootstrap initial liquidity and accelerate the growth of Meta Pool platform.
- 2.Form DAO. $META token represents an ownership of Meta Pool DAO. The DAO is going to be responsible for updating program parameters, product roadmap and other strategic decisions.
- 3.Capitalize the treasury. To allow for strategic partnership funding or creating reserve fund.
Max supply: 1,000,000,000 $META
- Founders: 30%
For the work of creating, launching, promoting and maintaining the protocol. Founders’ tokens have a 1 year lockup followed by a 2-year linear release. (3 years total)
- Team & Advisors: 2.6%
In order to create a world class product, we need the best of the NEAR Ecosystem working and collaborating in the protocol. They will be committing long term to the protocol. Advisors’ tokens have a 2 year lockup followed by 1 year linear release. (3 years total)
- Investors: 10%
Partnering with leading investors and institutions will be key to our global reach and also better understanding of the macro conditions of the crypto markets. We know what we don’t know, that is why senior advisors and access to their network will be critical for our growth. Investors’ tokens have a 1 and 2 year lockup followed by 1 year linear release. (2 and 3 years total)
- Allocation for venture rounds:
● 4% Seed round
● 6% A round
- Community & Treasury: 57.40%
We will allocate specifically $META funds for the community and early supporters, so they can be part of the Governance and help bootstrap the initial launch of Meta Pool. In Phase II, $META token holders will vote on DAO Grants to develop stNEAR-integrated projects.