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Issuance Model
Who owns SX and how it is issued over time
There is a maximum of 1,000,000,000 (1 billion) SX that can ever be created. The initial launch allocation is as follows:
- 55.00% to SX community members (550,000,000 SX)
- 22.86% to development team with 4-year vesting (228,554,913 SX)
- 17.14% to early backers with 4-year vesting (171,445,087 SX)
- 5.00% to strategic partners and marketing initiatives (50,000,000 SX)
SX token holders have control over the community treasury, and therefore can decide to distribute the remaining 530,000,000 SX tokens as they see fit. However, these tokens can’t be used by the community until they vest. They will vest to the community treasury on a monthly basis according to the following schedule:
Team, investor, and strategic marketing initiatives SX allocations will have tokens locked up on an identical schedule to the community treasury (i.e. 10% vesting in year 1, 20% in year 2, 30% in year 3, and the remaining 40% in year 4):
Last modified 11mo ago