CRYO-3: Tokenomics

The CRYO Token

CryoDAO is governed by CRYO token holders. The CRYO token is awarded for contributions of work, data, intellectual property, or funds to CryoDAO, focusing on advancing cryopreservation research.

The primary functions of CRYO tokens are:

• Curating and funding high-impact cryopreservation research.
• Incubating significant intellectual property in the field of cryopreservation.
• Determining the governance of such intellectual property.
• Governing the CryoDAO treasury.

Contributions include:

• Sourcing, evaluating and incubating cryopreservation research projects.
• Forming partnerships for CryoDAO.
• Transforming CryoDAO research IP into spinouts/startups.
• Developing products, tech and tokenomics.
• Overseeing projects.
• Social media/community management.
• Engaging in conference talks and speaking arrangements.
• Developing smart contracts and conducting legal work.
• And a few others…

CRYO tokens empower holders to make decisions on:

• Funding research projects proposed by core members and/or contributors.
• Research funding terms and conditions.
• Commercialization and governance of resulting IP.
• Management of CryoDAO's treasury.

CRYO token holders, along with non-token DAO members, do not own rights to CryoDAO's IP or assets but can influence their commercialization and licensing through governance. The CryoDAO treasury, reflecting our sustainability value, grows as funded research projects produce valuable IP. Proceeds from successful IP commercialization are reintroduced into the treasury, fostering CryoDAO's growth.

As cryopreservation research funded by CRYO tokens advances and yields valuable data, it enhances the overall ecosystem of CryoDAO. This growth attracts higher-quality research and intellectual property, expanding CryoDAO's ability to fund and support further research initiatives.

Token Allocation

The total CRYO supply will be dictated by the amount of contributions that are made during the Juicebox (https://juicebox.money/@cryodao) raise period. For every 1 ETH contributed, the contributor receives 2,000 CRYO and another 2,000 CRYO is reserved, for a total of 4,000 CRYO minted. This leads to the following allocations:

Total Supply: 100% (amount based on contributions) - Circulating supply, no hard-cap (up to governance). Community voting can raise the total supply later for events such as a future strategic funding round if desired.

• Funders (2023 + Q1-2024): 50% - No vesting schedule.
• Core Team, Advisors, Work Contributors: 30% - 4-year linear vesting.
• Bio.xyz Accelerator: 6.9% - 4-year linear vesting.
• Treasury: 13.1% - Locked until community voting.

Juicebox Raise Period

We propose to close the current funding period on January 15th, 2024 to enable enough time for the final contributions to come in over the holidays. These 5 weeks will allow the core team and contributors to focus efforts on growing excitement around the DAO.