Token
Tokenomics

Tokenomics

The InsurAce.io platform will issue a standard ERC20 token, $INSUR, as the governance token to incentivize participants in the ecosystem retroactively.
The current use scenarios for INSUR tokens are as follows:
    1.
    Representation of voting rights in community governance scenarios such as claim assessment, proposal voting, etc.
    2.
    Mining incentives for capital provisions to the insurance pool and investment products
    3.
    Eligibility of fees generated by InsurAce.io through governance participation
    4.
    Community and ecosystem incentives
Along with InsurAce.io development, we will include more use scenarios for INSUR tokens via community governance.
The supply and allocation plan for INSUR is designed as such:
    1.
    Total supply: 100M INSUR
    2.
    The distribution plan for the tokens is as the table shown below.
Token Distribution
Token%
Token Amt
Vesting Terms
Seed Round
10.75%
10,750,000
15% unlock upon token generation event (TGE), linear vesting/block over 2 years for the rest starting from the 3rd month after TGE
Strategic Round
9.25%
9,250,000
25% unlock upon token generation event (TGE), linear vesting/block over 2 years for the rest starting from the 3rd month after TGE
Team & Advisors
15%
15,000,000
5% unlock upon TGE, linear vesting/block over 2 years for the rest starting from the 3rd month after TGE
DAO Reserves
18%
18,000,000
Reserved for liquidity provision on exchange listing, marketing initiatives, developer grants, bug bounty programs, strategic partnership, and long-term development of the platform
Initial Liquidity Bootstrap
2%
2,000,000
Public sale on Balancer LBP for liquidity bootstrapping and promoting community awareness
Mining Reserves
45%
45,000,000
In accordance with the mining schedules
$INSUR distribution
The above token distribution plan may be subject to changes via community governance from time to time.

Get $INSUR

Last modified 1mo ago
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