๐ฎTOKEN DISTRIBUTION
TOMI and Pioneer tokens will be distributed through an Initial Minting Event and then through daily ongoing minting. Every Pioneer issuance will have an associated TOMI issuance, plus issuance of TOMI tokens on an annual basis.
Initial Minting Event through Proof of Minting (PoM) mechanism:
ยท 1500 Pioneer NFTs issued to subscribers at the price of $3000 per Pioneer.
ยท The minting smart contract issues, for every Pioneer purchased, 18,000 TOMI tokens to the initial purchaser of the NFT, so the initial minting of Pioneers include the initial minting of 27,000,000 TOMI tokens to the Pioneer holders.
ยท For every Pioneer minted, additional 8,000 TOMI tokens are minted to a wallet with designated funding for marketing costs, that is, an initial 12,000,000 TOMI tokens.
ยท For every Pioneer minted, another 39,000 TOMI tokens are issued to the genesis core team, developers, advisors and suppliers, totaling to additional 58,500,000 TOMI tokens.
ยท Marketing fund of 10,000,000 TOMI tokens for airdrops and community incentives.
ยท In addition to the above, a fund of 150,000,000 TOMI tokens will be issued, with a five-year vesting period for the founders and seed investors.
Ongoing minting events happen on a daily basis as the network grows. The following schedule is designed for ongoing issue of tokens:
ยท Daily Pioneer issuance after the initial minting includes 18,000 TOMI to each initial NFT holder, 17,000 TOMI to core team, 1080 TOMI to the ArtDAO, per each issuance.
ยท The Daily Pioneer NFTs will be sold at auction to the highest bidder(s).
ยท Year 1: 3 Pioneers issued per day.
ยท Year 2: 7 Pioneers issued per day.
ยท Year 3: 10 Pioneers issued per day.
ยท Year 4 and beyond: 1 Pioneer (or Membership) issued per day.
ยท Annual budgetary issuance: $10,000,000 equivalent in TOMI tokens will be minted each year on January 11 and issued to a designated wallet controlled by the tomiDAO. These funds can be used only for the support and development of the network itself, and cannot be used for distribution, investments, donations or any similar purpose.
The estimated total supply for the initial period of 5 years is ~597,000,000 TOMI tokens, of which:
ยท ~18% will be issued to the founding team;
ยท ~7% will be issued to seed investors and initial contributors;
ยท ~33% will be issued to the core team, developers, advisors, marketing and additional suppliers;
ยท ~42% will be issued to the public, distributors and the tomiDAO.
In the future, we anticipate that payments and services on the tomiNet will be carried out in TOMI, enabling Web3 business models that compete with the extractive Web2 models of data brokerage and advertising. Leveraging self-sovereign identity and cryptocurrency empowers people to own their own data and forces the organizations on the network to evolve their business models in ways that respect privacy and data sovereignty.
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