Context Following XIP #14 and the decision to launch on decentralised exchanges first, adjustments were made to the token distribution for specific cohorts, specifically by removing or reducing vesting periods.
Proposal A total of 2,242,827 XBG tokens will be distributed to early contributors, including council members, Epoch #1 participants, and other community members who contributed to XBorg's development.
This proposal seeks Prometheus NFT holders input on potential adjustments to the vesting schedule for these rewards.
Background Information and Options According to the tokenomics, these rewards are subject to a lock and vesting period of 12-month vesting with a 15% unlock at TGE.
The current situation presents various considerations:
- Distributing more tokens on day 1 could potentially reduce long-term selling pressure by limiting the total amount of tokens in circulation.
- Previous communications indicated that only purchased tokens would be unlocked on day 1, which is why the Prometheus vested airdrop remains vested for 12 months.
The following options are presented for consideration:
- Implement a 50% unlock at TGE, with a 6-month vesting.
- Implement a 6-month vesting period, with 1/6 unlocked on day 1.
- Maintain alignment with the initial tokenomics: 15% unlock at TGE, 12-month vesting.
Off-Chain Vote
50% unlock, 6-m vesting
191 XBORG61.6%
1/6 unlock, 6-m vesting,
15 XBORG4.8%
15% unlock, 12-m vest. no change
104 XBORG33.5%
Timeline
Aug 17, 2024Proposal created
Aug 17, 2024Proposal vote started
Aug 18, 2024Proposal vote ended
Oct 22, 2025Proposal updated