Following feedback from investors, we have decided to update Tagion tokenomics. These changes include adjustments to the token vesting schedules, while also providing clear information about the maximum, total, vested, and circulating supply of TGN tokens.
The modifications implemented are minor and will not adversely affect current investors. Conversely, these changes may benefit investors, as the vesting periods for team and founder tokens have been tightened. This adjustment underscores the team’s long-term commitment to the project.
Token Supply
The supply of TGN tokens is assessed through four key metrics: max supply, total supply, vested supply and circulating supply.
Max Supply: This represents the estimated maximum number of tokens that will exist, which is set at 37 billion. This is not a fixed cap and may be adjusted in the future via community consensus.
Total Supply: This represents the actual number of tokens in existence.
As of June, 2024, the total supply is 18,5 bn TGN, and is projected to reach the max supply in approximately 30 years:
Vested Supply: This figure represents the current number of tokens that have been vested, indicating they can be sold, spent or paid out.
As of June, the vested supply is 1,975,000,000 TGN, and is projected to reach roughly 14bn TGN in 5 years.
Circulating Supply: The circulating supply represents the supply of vested tokens minus those retained by the team, founders, and DECARD (including post-sales tokens and the ecosystem incentives pool), in accordance with the CoinMarketCap defintion.
As of June, the circulating supply is 321,700,000 TGN. This number is expected to reach almost 4.5bn TGN in two years.
For transparency, the total supply, vested supply and circulating supply will be updated quarterly via Medium posts.
Allocation and Vesting Updates
Out of the 3.5 billion TGN tokens allocated for public pre-sales, only 3.1 billion were sold. The remaining tokens have been reassigned to post-sales allocations, now totaling 4.4 billion TGN.
Additionally, new vesting schedules have been introduced for ‘Team and Founder’ allocations to demonstrate our sustained commitment.
20% of Team & Founder allocations, amounting to 600 million TGN, are subject to a time-based vesting schedule.
The remaining 2.4 billion TGN are governed by both price- and event-based vesting conditions. Notably, price-based vesting will commence only after each of the following milestones is reached:
- Network Decentralization: Achieved when more than 10 external nodes participate in running the network.
- Exchange Listing: Successful listing of the TGN token on either a decentralized or centralized exchange.
Price-based vesting triggers when specific price targets for TGN are reached and maintained for at least 30 consecutive days in the secondary market:
- €0.01 / TGN
- €0.05 / TGN
- €0.10 / TGN
- €0.50 / TGN
- €1.00 / TGN
Upon meeting each price target, 480 million TGN will be vested.
The updated tokenomics paper can be accessed here.
