Tokenomics
Tokenomics
This page details the tokenomics of the TIME token, the native governance and utility token of the Zeitgeist platform. Understanding the tokenomics is crucial for assessing the long-term sustainability and value proposition of TIME.
Total TIME Token Supply: 1 Billion
The total supply of TIME tokens is fixed at 1,000,000,000 (1 billion) TIME. There will be no further issuance of TIME tokens. This creates a fixed-supply model, meaning the total number of tokens will never increase.
Initial Distribution:
The 1 billion TIME tokens were distributed as follows:
Team (30%): 300,000,000 TIME were allocated to the Zeitgeist team, subject to a vesting schedule (see below). This allocation is intended to:
Incentivize the team to build and maintain the platform.
Align the team's interests with the long-term success of Zeitgeist.
Provide resources for ongoing development and operations.
Airdrop (30%): 300,000,000 TIME were airdropped to early adopters, community members, and contributors to the Zeitgeist ecosystem. This allocation is intended to:
Reward early supporters.
Bootstrap the community.
Distribute TIME tokens widely and decentralize governance.
Details: * Specific Criteria: To be provided before airdrop. * Distribution: One time, multiple stages, or combination, etc.
Sale (40%): 400,000,000 TIME are allocated for public sale, subject to vAMM:
Purpose: The funds from vAMM and later constant product AMM.
Price: Determined by vAMM,
Access: Open to all.
(vAMM):
Duration: tbd, maybe 7 days
Details: vAMM details here, to ensure smooth liquidity/price, during the sale,
Token: YES and NO, will represent TIME and USDC/USDT.
Price impact: vAMM allow users create market with price impact.
(AMM)
Liquidity will migrate from vAMM to constant product AMM(like uniswap v2).
LPs are encourage to provide liquidity.
(Diagram: Show a pie chart visualizing the initial token distribution.)
Vesting Schedule Details: Transparency and Long-Term Alignment
The team's allocation of TIME tokens is subject to a vesting schedule. This means the tokens are not immediately available to the team but are released gradually over time. This is a common practice in crypto projects to:
Incentivize Long-Term Commitment: The vesting schedule encourages the team to remain dedicated to the project for the long term.
Prevent Sudden Selling Pressure: It prevents a large number of tokens from entering the circulating supply all at once, which could negatively impact the token price.
Promote Transparency: The vesting schedule is publicly disclosed, providing transparency to the community.
Zeitgeist Team Vesting Schedule:
10% upon TGE (Token Generation Event): 100,000,000 TIME were unlocked and available to the team at the time of the token launch.
10% at the end of the first year: Another 100,000,000 TIME will be unlocked one year after the TGE.
10% at the end of the second year: The final 100,000,000 TIME will be unlocked two years after the TGE.
(Table or Timeline: Clearly illustrate the vesting schedule with dates and amounts.)
Circulating Supply vs. Total Supply: Understanding the Difference
Total Supply: The total number of TIME tokens that will ever exist (1 billion).
Circulating Supply: The number of TIME tokens that are currently in circulation and available for trading. This excludes tokens that are locked up (e.g., due to vesting) or held in reserve by the platform.
The circulating supply will gradually increase over time as the team's vested tokens are unlocked. It's important to track the circulating supply, as it can impact the token's price and market capitalization. You can view current data here: [Link to]
No Token Emission: A Fixed Supply Model
Unlike some cryptocurrencies that have ongoing inflation (new tokens are constantly created), Zeitgeist has a fixed supply model. There will never be more than 1 billion TIME tokens.
Potential Benefits of a Fixed Supply:
Scarcity: A fixed supply can create scarcity, which could potentially increase the value of the token over time (if demand increases).
Predictability: The token supply is known and predictable, making it easier to assess long-term value.
Inflation Resistance: There's no risk of the token's value being diluted by the creation of new tokens.
Note: Demand factor is a major factor on token price.
By providing a clear and transparent explanation of the TIME tokenomics, Zeitgeist aims to build trust with its community and provide a solid foundation for the long-term value of the token.
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