🧩Token Distribution

The following chart represents the most up-to-date token distribution of ELS, and supersedes any token allocation models previously published as part of the original launch.

Last updated: February 2024

ELS Total Token Supply: 350,000,000

The Token Generation Event (TGE) took place on June 28, 2023. Any vesting or unlocks described in the allocation chart is in reference to that date.

Unlocks and Vesting Schedules

Private Sales: ELS allocated to seed investors (e.g., Dragonfly, Sequoia, Makers Fund) are vested over 2 years in total. The initial 25% occurs 6 months after TGE, or December 28, 2023. Following the first cliff, the remaining allocation is vested linearly every 3 months. Hence, on March 28, 2024, another 12.5% would unlock, followed by June 28, 2024, and so on. ELS that was purchased leading up to the TGE via third party platforms such as Presail are subject to a total vesting schedule of 12 months with unlocks happening every 3 months from the TGE date.

Core Contributors: ELS allocated to the team is vested over a period of 4 years. Unlocks happen every 9-12 months upon TGE. For core contributors who joined after TGE, vesting schedules are shifted by the time window between TGE and their contribution starting dates.

Community: Rewards given out to the broader community don't follow an exact timeline but are contingent on the traction that we are seeing in the ecosystem and farming platforms.

ELS Foundation: These do not follow a preset standard vesting schedule but are contingent on the specific partnerships.

Liquidity: N/A

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