SpaceFi is a cross-chain web3 platform on Evmos and zkSync, with DEX+NFT+Starter+Spacebase as initial product. This paper is our initial vision of SpaceFi tokenomics, including thoughts on distribution, incentives and governance, to allocate STAR tokens to stakeholders most aligned with the strategic direction of SpaceFi.
SpaceFi will have an initial supply of 120 million STARs at genesis, for airdrop, IDO, and strategic reserves. This will balance early contributor incentives and future development needs to pursue long-term benefits with the community.
Under the initial token model, new tokens would be released according to a “thirdening” schedule. Similar to Bitcoin’s halvening, where token issuance is decreased by half every four years, in SpaceFi, the token issuance will be cut by ⅓ every year.
To expound further, the thirdening schedule works as follows: In the first 365 days, there will be a total of 360 million tokens released. In the second 365 days, this will be cut by ⅓, and thus there will be a total of 240 million tokens released. In the third 365 days, this will be cut by ⅓ again…
This thirdening process will allow STAR to reach an asymptotic maximum supply of 1.2 Billion.
*As an initial distribution plan, the token emission, decay rate and schedule can be adjusted through governance.
- 70%, allocated to mining rewards, for liquidity rewards, staking, trading mining, etc.
- 10%, allocated to DAO treasury, through governance, for ecological construction, strategic cooperation, etc.
*The above ratio can be adjusted to coordinate short-term and long-term interests.
If certain individuals on the initial development team are no longer part of the network, the community may choose to reclaim any unpublished tokens and redirect them to the new program.