QUAD is currently available on the Ethereum network as an ERC20 token with a total supply capped at 400,000,000 QUAD.
QUAD will have a decreasing supply over time via quarterly token burns equal to 25% of the revenue generated on the platform until the total supply is reduced by half. Tokens burned will come from a combination of sources including trading fees paid in QUAD, company reserves, and direct buybacks on the open market.
The Reserve allocation will include
- Ecosystem Development Fund
- Strategic Partners
- Bug Bounties
Network Incentives will go towards
- User Airdrops
- Community Management
- Staking Dividends
Tokens allocated for the Reserve and Private Distribution will be subject to vesting periods to ensure fair distribution and long-term commitment for all stakeholders. These tokens will be locked in smart contracts and vested on a monthly basis.
- Team allocation vested over 3 years beginning 3 months after launch
- Existing Investors allocation vested over 9 months
- 25% of Reserve will be available upon launch to support growth and marketing efforts and the rest vested over 3 years