Sign Unveils Tokenomics Model With 40% For Community Incentives
1min read Sign, an on-chain token distribution protocol, has unveiled its tokenomics model, detailing the allocation and distribution of its native token, SIGN. The total supply of SIGN tokens is set at 10 billion, with minting occurring on the Ethereum mainnet and distribution facilitated through the BNB Chain and Base.
The token allocation is strategically divided to support various aspects of the ecosystem. A significant portion, 40%, is reserved for community incentives. This includes a 10% allocation for the Token Generation Event (TGE) airdrop and an additional 30% for community rewards and future airdrops. This allocation aims to foster community engagement and participation. Additionally, 20% of the tokens are allocated for supporters, 10% for early team members, 10% for the ecosystem, 20% for the foundation, 12% for core contributors, 3.5% for liquidity incentives, 2% for compliance budget, 2% for operational budget, and 0.5% for donations.
The on-chain asset snapshot, a crucial step in the token distribution process, is scheduled to take place on April 25, 2025, at 20:00:00. This snapshot will determine the eligibility and distribution of tokens to participants based on their on-chain activities and holdings.
Sign's tokenomics model is designed to create a balanced and sustainable ecosystem. By allocating a substantial portion of tokens to community incentives, the protocol aims to encourage active participation and engagement from its user base. The allocation for supporters and early team members recognizes their contributions and ensures their continued involvement. The ecosystem and foundation allocations are intended to drive innovation and growth within the Sign network, while the core contributors and liquidity incentives ensure the protocol's operational efficiency and market stability.
Sign's recent funding round, which raised $16 million and was led by Yzi Labs, underscores the confidence and support from investors in the protocol's vision and potential. This funding will likely be instrumental in executing the tokenomics model and achieving the protocol's strategic goals.
