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Cashio Governance Token (CGT)

Distribution

Allocation is subject to change depending on whether Saber & Sunny pass proposals to buyout a % of the Cashio DAO.

  • Early Adopter (17% of FDMC)

    • All goes to veCOW holders over the course of 1 year
    • Token distributed is CGT-SAVE-1YR which converts to a 1yr-locked veCGT
    • Increased allocation significantly to provide value to veCOW holders for their early support.
  • SBR Buyout (15% of FDMC)

    • All goes to veSBR holders over the course of 1 year
    • Token distributed is CGT-SAVE-1YR
    • Purchased with 20M SBR to be permalocked by Cashio DAO
  • SUNNY Buyout (15% of FDMC)

    • All goes to veSUNNY holders over the course of 1 year
    • Token distributed is CGT-SAVE-1YR
    • Purchased with 200M SUNNY to be permalocked by Cashio DAO
  • Team + Advisors (15% of FDMC)

    • Increased allocation to account for key advisors, and to give the team a strong voice in the development of the platform.
  • DAO (38%)

    • Significantly decreased allocation to limit unnecessary dilution to other stake holders.
    • Not too large that holders will have a clear incentive to burn, but not too small so that the DAO has no governance supply for strategic initiatives.
      • Examples include: Strategic sales (socean, raydium), future buyouts, emissions for single-sided CASH staking, supply for a burn-based NFT (similar to Marinade), other BD incentives, etc.