$USF Distribution & Mining
Please note that the USF token address is:
0xe0e05c43c097b0982db6c9d626c4eb9e95c3b9ce
Make sure to double check it when depositing liquidity or trading on Uniswap.
- $USF
$USF is available directly on Paraswap (lower gas costs):
The Capital Mining Program has been designed to let the Unslashed DAO control it from the start. It allows the protocol to reward early supporters and users of Unslashed with our governance token.
Rewards are calculated at the end of each epoch and distributed linearly over the following epoch once the token is issued. In the event of a partial withdrawal or transfer of the Spartan Bucket ERC-20 tokens, only the capital or tokens remaining till the end of an epoch were used in the calculation of rewards.
Bonus rewards for committed Capital Miners are also distributed at the end of each epoch. The calculation of the bonus is also made block per block, on a prorata temporis basis.
The LP Mining Program has been designed as another way to reward early supporters and users of Unslashed with our governance token, using the USF/ETH Uniswap Pool. This aims at building up a solid base of long-term supporters with a strong interest in accumulating more USF tokens through LP Mining.
Each block, USF tokens are earned by LP miners. These rewards are calculated block per block and on a prorata temporis basis.
A bonus reward is also distributed amongst those who provided liquidity for one of the incentivised Capital Pools for multiple epochs in a row.
- Market data
The market data and information of $USF token can be found via these sites.
- Token distribution breakdown
Unslashed is based on a total of 86 million USF tokens.
The distribution of tokens is as follows:
- 43 million (50%) tokens for the Unslashed DAO. The mission of the Unslashed DAO is to take care of the Unslashed protocol governance. The DAO will decide on the entire strategy of Capital Mining, as well as on the listing/unlisting of different insurance products and offered services. Generally speaking, the DAO will have a say on all decisions that impact the protocol.
- 10 million (11.6%) tokens for the Foundation. Such a strategic reserve aims at ensuring the long-term growth of the protocol.
- 20 million (23.3%) tokens for the team and advisors. Current and future Team Members’ and advisors tokens are locked for 1 year and vested for 4 years. The founders’ tokens can be vested for periods of time longer than 4 years. At the end of the first year of lockup, an announcement of the extended vesting might be made. The lock period starts from the TGE, on march 2021 and the vesting period starts on march 2022.
- 13 million (15.1%) of tokens for early investors. Investor tokens are locked for 1 year and vested for 2 years. The lock period starts from the TGE, on march 2021 and the vesting period starts on march 2022.
Last modified 2yr ago