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Mainnet Tokenomics

Allocation Overview​

Minima has a hard-capped supply of 1 billion coins, that will slowly reduce over time as a result of The Burn.

All coins were minted at the Token Generation Event and allocated within the following categories:

Minima

Token Generation Event (TGE)​

100% of Native Minima (1,000,000,000 $MINIMA coins) were minted at the Token Generation Event, and 12.5% of these coins are wrapped on the Ethereum blockchain as ERC-20 tokens (125,000,000 $WMINIMA coins). This was done to enable Wrapped Minima to be tradable on exchanges shortly after TGE in Q1 2023, ahead of the native $MINIMA integration on CEXS, and to enable possible future usecases requiring an ERC-20.

Wrapped Minima ($WMINIMA) can always be exchanged 1:1 with Native Minima ($MINIMA) with the Minima Treasury.

Native Minima (875,000,000 $MINIMA coins) are available to trade peer-to-peer via the MiniSwap MiniDapp and on CEXs once the necessary integration has been implemented, expected Q3/Q4 2024.

SupplyProcess
Total Minima1,000,000,000Minted at TGE
Wrapped Minima ($WMINIMA)125,000,000Wrapped as ERC-20 tokens
Native Minima ($MINIMA)875,000,000Native Minima for circulation

Slowing Down Circulating Supply​

Having listened to our Community and in consultation with our largest holders and backers, we have worked to reduce the circulating supply compared to that of the pre-TGE tokenomics. The updated total circulating supply at the time of the planned Native Listing (c. 18 months post TGE - Q3/Q4 2024) has been reduced to 34%, as opposed to 67% under the pre-TGE Tokenomics. This represents a significant 55% reduction in circulating supply. 2 years post-TGE the supply will be 43% and 3 years post-TGE the supply will be 63%, representing a 50% and 35% reduction in supply across the two years respectively.

This has been achieved through signed agreements, and includes increasing the lockups for major backers to 27 months with a linear unlock and moving the release of the full supply back further to 6 years post-TGE.

For comparison, these table demonstrates the change from our pre-TGE tokenomics to our updated post-TGE tokenomics:

Pre-TGE Tokenomics​

TGE1y18m2y3y39m
Wrapped Circ Supply98,100,000125,000,000125,000,000125,000,000125,000,000125,000,000
Native Circ Supply120,435,000530,155,538633,460,000736,778,077847,355,6151,000,000,000
Total Circ Supply218,535,000655,155,538758,460,000861,778,077972,355,6151,000,000,000
Total Supply1,000,000,0001,000,000,0001,000,000,0001,000,000,0001,000,000,0001,000,000,000

Mainnet Tokenomics​

TGE1y18m2y3y39m4y5y6y
Wrapped Circ Supply98,100,000125,000,000125,000,000125,000,000125,000,000125,000,000125,000,000125,000,000125,000,000
Native Circ Supply91,900,000150,000,000215,000,000309,000,000496,000,000543,000,000671,000,000735,000,000875,000,000
Total Circ Supply190,000,000275,000,000340,000,000434,000,000621,000,000668,000,000796,000,000878,000,0001,000,000,000
Total Supply1,000,000,0001,000,000,0001,000,000,0001,000,000,0001,000,000,0001,000,000,0001,000,000,0001,000,000,0001,000,000,000
Total Circ Supply (%)19%27.5%34%43.4%62.1%66.8%79.6%87.8%100%
Reduction in Circ Supply from Pre-TGE Tokenomics55%50%36%33%20%12%0%

As can be seen in the chart below, this significantly reduces the circulating supply of Native Minima well into the future.

Minima

Release Schedule​

Total Minima​

Includes both Wrapped Minima ($WMINIMA) and Native Minima ($MINIMA). It represents 100% of the total supply and has the following release schedules per category:

Private Token RoundsDate% of Total SupplyPriceFDV% Wrapped:NativeTGE UnlockVesting
Seed Round (x180 ppl)201914.1%$0.0220M10:9025%5% per month
Private Seed20207.49%$0.0110M10:9010%90% Linear over 27 months*
Private Round 1202110.74%$0.0660M10:9018%4% per month for 12 months then 2% per month for 15 months*
Private Round 220221.17%$0.20200M50:5050%5% per month
Public Token Round
TGE / ICO 21st March 202320231.2%$0.21210M100:0100%None
Team & Advisors15.7%10:903 Month Cliff100% Linear over 36 months
Public Rewards15%0:10050%50% Linear over 72 months
Ecosystem Growth34.63%0:1000%100% Linear over 72 months

*updated vesting schedules (overall lock up within this round)

Public Rewards​

15% of Minima's total supply (150,000,000 coins) is allocated to Public Rewards.

Node Incentives were distributed via an Incentive Program that rewarded early community members for running a node, alongside an Invite Program, which rewarded members for inviting new members to join.

Rewards earned by Incentive Program members were distributed as Native Minima ($MINIMA). An additional 75 coins were available for Incentive Program members who continued to run their node 6 months after the TGE, and a further 75 coins were available at the 1-year anniversary of the TGE.

Maximize​

Users can earn a yield on their native Minima coins via the fully collatoralized, non-custodial MiniDapp Maximize. Yield is in the form of native Minima, paid to participants who lock up their holdings for set periods of time - encouraging continued node running and reducing the total circulating supply of Minima while creating genuine demand for coins. Click here for more information on Maximize.

Ecosystem Growth​

34.63% of Minima's total supply (340,630,000 coins) is allocated to Ecosystem Growth.

The purpose of this category is to support, maintain and improve Minima, through marketing and business development as well as providing grants and incentives that benefit the project with the overall aim to ensure the network remains completely decentralized over time.

Grants & Bounties​

Grants are available for building interesting and novel use cases on Minima. They will be awarded to developers and entrepreneurs, in collaboration with a range of Minima partners, to accelerate the growth of the network.

Bounties are also available for individuals who discover critical bugs and report them to the team via Discord, before anyone else.

Token Utility​

Minima