Please find the updated Tokenomics paper here.
Based on feedback from industry experts, we opted not to form a foundation, as detailed in a recent Medium article.
In response to this strategic pivot, we adjusted the distribution of TGN, Tagion Network’s native token. The revised model, however, resulted in a concentration of tokens within DECARD, the commercial entity behind Tagion, contradicting our goal of forging a genuinely decentralised, community-driven network.
To realign with our vision, we are once again revising the token allocation, ensuring this modification is definitive and aligns with our core principles.
At Tagion’s inception, 18.5 billion TGN — representing half of the total supply — will be minted. This initial allocation is strategically designated to fund essential development and operational activities, while also catalysing the growth and success of the broader ecosystem. Importantly, these tokens will enter circulation through a vesting process, ensuring a controlled and gradual release into the market.
The remaining 50%, another 18.5 billion TGN, is reserved for the community, comprising Treasury and network nodes. These tokens will be gradually released through emissions, a critical move to decentralise and fortify the network’s long-term decentralisation, security and success.
The revised tokenomics will reallocate the TGN holdings as follows:
Ecosystem Incentives: 4 bn TGN
Public Pre-sales: 3.5 bn TGN
Post-sales: 4 bn TGN
DECARD: 4 bn TGN
Team & Founders: 3 bn TGN
Community: 18.5 TGN
The outlined allocation strategy underscores the pivotal role of the community in overseeing and dispersing tokens going forward. The release of community-allocated tokens will commence once the network achieves sufficient decentralisation, defined as the operation of at least 10 nodes.
We anticipate reaching this milestone by Q2 2024.
However, this timeline does not imply that the community’s involvement will be delayed. In fact, immediately following the mainnet launch, the collective responsibility of the community will be to collaboratively craft and set up governance structures for managing the TGN holdings under community control.
To participate in the discussions, head over to our Discord server.
See you there!
