Tokenomics
Tokenomic Background (TUT)
To understand the distribution of GT3 tokens, we must first comprehend its background (TUT). As of October 15, 2024, the tokenomics of TUT are distributed as follows:
Clients
50M
25%
Remaining tokens from the initial private sale are available for sale with a deadline set for the GT3 TGE
Pools incentives
49,7M
25%
10 years vesting, till 2032
Launchpad incentives
16,7M
13%
10 years vesting, till 2032
Treasury Tutellus
25,2M
8%
Team
0,9M
0.5%
Líquid
57,5M
28.5%
Total
200MM
100%
Given the community's interest in acquiring TUT from the Client vault for later conversion to GT3, the goal is to make the maximum possible amount of these tokens liquid to increase the circulating supply from the very TGE, ensuring that subsequent inflation is minimal. Therefore, we aim to reach the TGE with all the tokens from that vault sold and distributed as TUT.
GT3 Tokenomics
Incentives (vault)
60M
30%
Designated to incentivize LPs (10y)
DAO Treasury
15M
8%
Project support (Mkt, Dev...)
Tutellus
10.2M
5.1%
Maximum lock and 100% as GT3
Airdrop for TUT holders
107,5M
54%
Designated to create xGT3 & LPs
Genesis Liquidity Pool
2M
1%
First pool creation, GT3-USDT
Incentives to GT3 lockers
5,3M
2%
Incentives to GT3 lockers (1 year)
Total
200MM
100%
In this way, from the very TGE, 70% of the tokens will already be in circulation, with only the tokens from the incentive vault remaining to be released, introducing decreasing inflation between 4.2% in year 1 and 3.3% in year 10.
Incentives (vault) Tokens located in the vault will be released gradually over 10 years (until December 2034). They are intended for the LPs of the various pools, based on the votes allocated by the GT3 lockers.
DAO Treasury Tutellus transfers 60% of its token holdings to the DAO in exchange for the DAO continuing to develop the project. The DAO will make decisions proposed by its members to optimize the project’s development in areas such as marketing, development, etc.
The cash flow generated in each cycle (15% of the fees) will be reinvested in the pools of the following cycle or used to hire third-party services.
Tutellus As mentioned, Tutellus transfers 60% of its token holdings to the DAO and retains the remaining tokens like any other holder. Tutellus will lock the received token package as xGT3 in the maximum amount and duration.
Airdrop for TUT holders Tokens will be distributed to TUT holders across various scenarios: in wallets, staking, farming, or SuperTutellian. The goal is for holders to either use the GT3 they receive to create xGT3 or provide liquidity to pools with the GT3 pair.
Genesis liquidity pool Tokens are allocated to create the first liquidity pool on the DEX in pairs against USDT. Tutellus, as a company, will provide the necessary USDT and receive the corresponding GT3.
Incentives for GT3 lockers Tokens allocated to incentivize the GT3 liquidity pools in the first 12 cycles (1 year). GT3 lockers will have extra incentives from the first month to vote for these pools.
3. Incentive Issuance, Inflation, and Rebase
Given that GT3 starts with approximately 70% of the token supply in liquid form, the only tokens remaining to be released are those allocated as incentives for providing liquidity, which are located in the Vault (60M). The release process for the LPs will be gradual, based on the following variables:
Initial supply
140.000.000
Monthly emission
1.400.000
Monthly decay
2,50%
Total supply month 120
199.980.782
Translation:
In this way, the incentives for LPs will decrease by 2.50% each month, starting with 1.4M GT3 in the first cycle and gradually decreasing until cycle 120, when 68,814 GT3 will be issued. Illustrated as follows:
Rebase.
Translation:
To prevent GT3 lockers from being negatively affected by the issuance of the previous GT3, we introduce the concept of Rebase: a constant issuance of GT3 claimable by GT3 lockers to avoid their dilution with the new issuance. The Rebase is synchronized with the issuance of GT3 from the vault via a specific smart contract, ensuring that the voting power of GT3 holders remains stable even as new currency is generated in the ecosystem. For calculations, we assume that 50% of the liquid supply of GT3 will be locked to create xGT3. Illustrated as follows:
Last updated
