Economics & Distribution

Economics

Round	Tokens	%	Price ($)
Seed (Council)	20,000,000	40.00%	0.0675
Public (IDO)	2,000,000	4.00%	0.1500
Initial liquidity	1,500,000	3.00%
Liquidity Mining Program	10,000,000	20.00%
Team	4,500,000	9.00%
Foundation & DAO	5,000,000	10.00%
Advisory	2,000,000	4.00%
Funding Pool Reserve	5,000,000	10.00%

Purpose of Round

Seed : The Gonear seed round serves as an initial fundraising campaign to onboard experienced parties that can bring value to Gonear's long-term future. The majority of seed round participants will form the Council. Each Council member obtains a Council member NFT that can be used to vote on upcoming projects.

Public : The Gonear public round is the first IDO to launch on Gonear in the form of a whitelist. Community activity participation will determine eligible whitelist addresses. This is the first and only opportunity for the public to purchase GN tokens before DEX listing.

Initial liquidity : The determined amount of GN tokens locked onto the initial GN trading pair.

Liquidity mining program : To incentivise participation in liquidity providing. In the manner of great DeFi projects like Synthetix and Balancer, this program will distribute a fixed amount of GN tokens daily. All liquidity providers will receive GN from this as-yet-undetermined fixed amount on a pro-rata basis.

Team : To compensate the Gonear core team. Planned to support 20 core team members for 4 years.

Foundation & DAO : Reserved for the DAO and kept on the DAO balance for future projects.

Advisory : To compensate experts providing on-going support post-TGE.

Funding pool reserve : To attract projects to Gonear and grant upcoming projects in the Aurora ecosystem.

Distribution

Seed : Locked initially for 1 month, linear daily release over the course of 1 year

Public : Unlocked

Initial liquidity : Locked initially for 1 year

Liquidity mining program : First 3 months - 40% unlocked. Following 7 months - 60% unlocked

Team : Locked initially, released at 2% every month for 4 years

Foundation & DAO : Locked initially, released upon DAO launch

Advisory : Locked initially, released at 12,5% every 6 months for 4 years

Funding pool reserve : Locked initially, released at 10% every 6 months, for 5 years

Community treasury : Locked initially, released at 12,5% every 6 months for 4 years

Sale details

• Total supply: 50,000,000 GN

• Initial circulating supply: 2,000,000 GN

• Seed sale price: 0.0675 USD

• Public (IDO) sale price: $0.1500 USD

• Listing price: $0.1500 USD

• Total amount raised: 1,650,000 USD

• Initial market cap: 300,000 USD

• Fully diluted valuation : 7,500,000 USD

• Total GN sold: 22,000,000 GN (44.00% of total supply)