Token Distribution
Last updated
Last updated
There initial supply of Hop tokens at DAO launch was 1,000,000,000 HOP tokens and they were distributed as follows:
8% airdropped to early network participants
60.5% to the Hop DAO treasury
22.45% to the initial development team (3 year vesting, 1 year cliff)
2.8% saved for future team members
6.25% to investors (3 year vesting, 1 year cliff)
Since then the DAO has allocated Hop tokens from the DAO treasury to a series of initiatives such as a liquidity mining campaign to incentivize liquidity in the bridge AMM's, the formation of a grant committee, a delegate incentivization program and much more. The % of circulating supply in the hands of community members can be tracked on Coingecko.
