Token Distribution
Complete Allocation Table
Total supply: 1,000,000,000 BASIS, minted once at TGE. There is no further minting, and the supply shrinks with every burn. Launch price $0.020, a $20M valuation, set by the team rather than auctioned.
| Allocation | % | Tokens | Terms |
|---|---|---|---|
| Market | |||
| Launch liquidity | 12% | 120M | The BASIS pool on the Basis DEX |
| Angel, seed & private | 5% | 50M | From $0.010 (half the launch price), $565,000. Released over time |
| Presale 1 | 7% | 70M | $0.014. Staked, 30-day notice, linear release |
| Presale 2 | 9% | 90M | $0.016. Staked, 30-day notice, linear release |
| Presale 3 | 12% | 120M | $0.018. Staked, 30-day notice, linear release |
| Community | |||
| Airdrop, Phase 1 | 1% | 10M | Testing |
| Airdrop, Phase 2 | 1% | 10M | BASIS Fun, the community campaign (one round) |
| Airdrop, Phase 3 | 9% | 90M | Trading rewards, community incentives and competitions |
| Staking rewards | 8% | 80M | Paid to BASIS stakers on an ongoing basis after TGE |
| Platform and founders | |||
| Marketing / Operations | 8% | 80M | Multi-sig |
| Strategic treasury | 8% | 80M | Multi-sig |
| Market making / Exchange listings | 6% | 60M | Multi-sig |
| Live streaming | 2% | 20M | Multi-sig |
| Foundation grants | 2% | 20M | Multi-sig |
| Founders | 10% | 100M | Staked, 365-day notice |
| Total | 100% | 1,000M |
Pricing runs in one direction: the angel, seed and private rounds pay the least, each presale round pays more, and the launch price sits above every round. See Presale Rounds & Vesting.
Launch Liquidity
120M BASIS (12% of supply) goes into the BASIS pool on the Basis DEX.
The Three Airdrop Phases
| Phase | What it is | Pool | When |
|---|---|---|---|
| 1 | Testing | 1% / 10M | Before launch |
| 2 | BASIS Fun, the community campaign | 1% / 10M | Before launch, one round |
| 3 | Trading rewards, community incentives and competitions | 9% / 90M | Real money in USDG, after the Robinhood Chain launch |
Phase 1 was scored with the points earned during testing; the leaderboard keeps that record. The site no longer scores points, and the details of phases 2 and 3 are announced with each phase. See Airdrop Qualification.
TGE comes after the start of phase 3. See Go To Market for the order of events.
Founder Alignment
Founders' 10% is staked with 365-day notice. Nothing releases until a founder gives notice, and then it releases daily over a year. Founder tokens cannot all reach the market at once.
Multi-sig Allocations
Marketing and operations, strategic treasury, market making and listings, live streaming and foundation grants (26% together) are held in multi-sig wallets, each for the purpose named against it. The strategic treasury is not staked.
Float at TGE
Day-one float comes from:
- Launch liquidity (12% / 120M) in the BASIS pool
- Community airdrop tokens earned so far
Everything else releases over time: early-round tokens, presale tokens only on notice (and on day one no notice has run), founder tokens on 365-day notice, staking rewards as they are earned, and the multi-sig buckets for their named purposes.