Tokenomics
Total Possible Supply Of Cryptodate NFTs
There are 100 years of NFTs available. Accounting for leap years, the total possible number of cryptodate NFTs that can be minted is 36,525 NFTs.
(366 * 25) + (365 * 75) = 36,525
| Type | Price | Supply | Formula | Comment |
|---|---|---|---|---|
| Limited | Base Price * 10 | 1,225 | Each day that matches month plus leap days | When the number of the day and month match, e.g. Mar 3, April 4, etc. |
| Standard | Base Price | 35,300 | All remaining days | From Jan 1 1950 to Dec 31 2049, excluding the dates above |
| Total | 36,525 | All days | From Jan 1 1950 to Dec 31 2049 |
Price of Cryptodate NFTs
The initial base price of a cryptodate will be set at launch. This base price may change as the market determines the floor. The current base price can always be found by querying the smart contract.
There is an ability to change the base price through governance. The long term plan is to fix the base price and renounce the ability to change it forever.
Cryptodate Token (CDT) Distribution
The initial value of CDT will be set to mimic 1 USD. However, this is not a peg and fluctuate with supply/demand of cryptodates.
CDT will be fair launched and the 90% of CDT tokens will be locked in smart contracts to be earned by users of the system. The distribution of CDT has been designed such that sufficient CDT is available for the purpose of minting rewards, ownership rewards and liquidity provisioning.
| Purpose | Number of Tokens | Percent | Location | Comment | |
|---|---|---|---|---|---|
| Minting & Ownership Rewards | 12,000,000 | 40% | Locked in NFT smart contract | Sufficient for minting rewards and ownership rewards of 100 CDT per NFT for 3 years. | |
| Liquidity Provisioning | 6,000,000 | 20% | Locked in NFT smart contract | Sufficient to supply AMM liquidity pool upon minting NFTs. | |
| Staking & Liquidity Rewards | 6,000,000 | 20% | Locked in staking smart contracts | Sufficient for multiple reward periods to incentivize holding CDT. | |
| CDT AMM Liquidity Pool | 3,000,000 | 10% | Locked in AMM smart contract | Sufficient to provide liquidity for CDT trading. | |
| Art Fund | 3,000,000 | 10% | Treasury | Used to commission more art. | |
| Total | 30,000,000 | 100% |