💰Token Supply & Distribution
Last updated
Last updated
The Subspace Foundation, headquartered in Zug, Switzerland, has deployed the Autonomys Network—an implementation of the cutting-edge Subspace Protocol. This paper outlines the supply, allocation and distribution of the Autonomys Network’s native $AI3 token.
The total fixed supply of Autonomys' native token $AI3 is 1,000,000,000. This supply will be allocated across the categories listed below, with further details provided in the sections that follow.
65% of the supply (650,000,000 $AI3) was minted at Mainnet Phase-1 with the launch of the consensus chain. Token transferability is disabled at the protocol level until the Token Generation Event (TGE), which will be marked by the launch of Mainnet Phase-2. While testnet rewards are not subject to a lockup period, tokens allocated to stakeholders are subject to strict vesting schedules.
The remaining 35% (350,000,000 $AI3) will be minted as block rewards over an approximately 40-year period. This structure ensures controlled circulation while maintaining long-term ecosystem sustainability through the gradual issuance of farming rewards (see Farmer Rewards section below).
Investor tokens are released according to a 48-month lockup schedule, with a 12-month cliff starting at Mainnet Phase-2, and monthly releases thereafter. At the end of the 12-month cliff, 25% of the tokens are unlocked. The remaining 75% are released linearly over the subsequent 36 months, at a rate of 1/36th per month from months 13 through 48.
Team tokens are released according to a 48-month lockup schedule, with a 12-month cliff, and monthly releases thereafter. At the end of the 12-month cliff, 25% of the tokens are unlocked. The remaining 75% are released linearly over the subsequent 36 months, at a rate of 1/36th per month from months 13 through 48.
Founders (2.00%)
Advisors (2.35%)
Staff (5.14%)
DevCo Treasury (7.00%)
The majority of the DevCo tokens are released according to a 48-month lockup schedule, with a 12-month cliff, and monthly releases thereafter. At the end of the 12-month cliff, 25% of the tokens are unlocked. The remaining 75% are released linearly over the subsequent 36 months, at a rate of 1/36th per month from months 13 through 48.
Market Liquidity (2.00%)
A portion of the DevCo tokens will be unlocked at TGE for liquidity provisioning and operating activities, including market making and exchanges.
Partner tokens—paid as remuneration for vendor services—are released according to a 48-month lockup schedule, with a 12-month cliff, and monthly releases thereafter. At the end of the 12-month cliff, 25% of the tokens are unlocked. The remaining 75% are released linearly over the subsequent 36 months, at a rate of 1/36th per month from months 13 through 48.
Operations (0.68%): Liquid for Subspace Foundation operating expenses.
Near-Term Treasury (5.00%): Lockups TBD as tokens are deployed for ecosystem bootstrapping.
Long-Term Treasury (10.00%): 4-year lockup with a 1-year cliff for community provisions, grants, and ecosystem development.
The token release schedule for the Subspace Foundation’s Long-Term Treasury follows a 48-month lockup schedule, with a 12-month cliff, and monthly releases thereafter. At the end of the 12-month cliff, 25% of the tokens are unlocked. The remaining 75% are released linearly over the subsequent 36 months, at a rate of 1/36th per month from months 13 through 48.
The vesting schedule for ambassadors varies according to their start date and position.
Testnet rewards were minted at Mainnet Phase-1 and are not subject to vesting or lockup schedules.
Testnet Rewards (5.97%)
Stake Wars 1 (0.60%)
Stake Wars 2 (0.30%)
The Subspace Foundation partnered with BlockScience to develop a novel dynamic issuance model that will mint farmer rewards over the duration of the blockchain’s 40-year lifecycle. The full research repository is available here.
