ICO Overview
Users have 5 days to commit USDC to an ICO.
Each ICO sets a minimum raise — the least amount of USDC required for the sale to be successful — and a maximum raise, which caps how much the team can collect.
Allocations and any refunds are handled pro rata, ensuring each participant receives a fair share based on their total commitment.
If the project does not reach the minimum raise, the ICO fails and all committed USDC is fully refunded to participants.
Token Supply & Distribution
Initial supply: 187,500,000 tokens
Post-ICO Process
If an ICO is successful, the following happens:
- Invested USDC transfers to a market-governed treasury.
- Minting rights are transferred to the treasury, ensuring supply is controlled by governance.
- The treasury add to liquidity pools with 20% USDC raised and 20M tokens.
The team receives a monthly operating budget, distributed according to the pre-defined ICO terms. To make larger spends, they need to raise governance proposals.
Builder Incentives & Alignment
A total of 67.5M tokens is mintable as builder incentives, distributed through performance-based tranches tied to token price growth.
Each tranche unlocks when the token reaches specific price milestones — 2x, 4x, 8x ... up to 512x of the ICO price — measured using the 30-day TWAP.
Once unlocked, each tranche vests linearly over 50 days, ensuring gradual distribution and reduced sell pressure.
