VDP-3 VitaDAO Tokenomics

NOTE: This is a duplicate of an on chain proposal from prior to VitaDAO's using snapshot, and is present here for completeness on snapshot. No snapshot vote occurred.

Summary

A description of the nature of the VITA token, its supply and the proposed genesis distribution including allocations to genesis contributors, working groups, service providers as well as the VitaDAO treasury

Proposal Details

VITA token

• VITA is obtained by contributing work, data, IP, or funds to VitaDAO
• The core function of VITA is to curate the best longevity IP and fund novel open science data creation around it
• VITA tokens grant the rights to participate in a) which IP is funded; b) how it is funded; c) how it is governed; d) how the VitaDAO treasury is governed
• VITA is designed following a sustainability loop principle

Genesis

• VitaDAO’s token supply is capped at the number representing the lifespan in minutes of the oldest person to have lived, which at the time of publication is Jeanne Louise Calment with more than 122 years
• Therefore, VitaDAO’s token supply is 64,298,880 VITA
• 6,435,936 VITA, about 10%, have already been allocated to the community through a Gnosis Auction
• 5,786,899.2 VITA, about 9%, will be allocated to service providers upon passing of this proposal, while another 1% is to be allocated to the Copenhagen research project upon passing of the corresponding proposal, VDP-5
• 6,429,888 VITA, about 10%, will be allocated to working groups upon passing of this proposal
• 44,991,072 VITA, about 70%, will be allocated to the treasury upon passing of this proposal
• All allocations herein shall be granted 40% upon on-chain DAO approval, with the remaining 60% being linearly distributed via the VitaDAO Multisig for continued support over a period of 12 months

More information

For the full proposal with more details, see the discussion on Discourse here.