Tokenomics
Eclipse Token Allocation
1. Team (10%):
$ECLPS allocated for the core team and advisors: 2,000,000 tokens
Vesting period: 1.5 years
Lockup period: 6 months
2. Reward Pool (25%):
$ECLPS allocated for reward pool: 5,000,000 tokens
3. Community and Marketing (10%):
$ECLPS allocated for community building, partnerships, and ecosystem growth. This may include promotional activities such as giveaways to communities of newer protocols joining to incentivize the exploration and utilization of Eclipse. Additionally, allocations towards things like gas grants to help ease the transition period of newly onboarded protocols may come from these tokens as well. : 2,000,000 tokens
4. Lockup Fund (5%):
$ECLPS allocated towards a reserve fund to ensure long-term sustainability. These tokens will not in any way fall under the ownership of the team but rather will be treated as an insurance fund. If any other allocation sees shortcomings the community will be able to vote on pulling tokens from this Lockup Fund to address those shortcomings: 1,000,000 tokens
5. Private Token Sales (20%):
$ECLPS allocated towards the Eclipse Team efforts in finding VC funding, with a 1.5% cap for any individual investor. : 4,000,000 tokens
6. Liquidity Pool (10%):
$ECLPS allocated for the liquidity pool on supported exchanges: 2,000,000 tokens
7. Eclipse Migration: (20%):
Budget for the migration of all previous tokens that are currently in circulation excluding the tokens held by the team for liquidity and in utility contracts. : 4,000,000 million tokens
Variable Token Allocation
1. Eclipse Airdrop Program:
$ECLPS allocated towards our airdrop program will be completely dependent on the influx of capital and trading activity it garners and for this reason the Eclipse Token mint function will remain on until after airdrops are completed. A comprehensive list of both qualifying actions and user protections are set in place to ensure that the net effects are positive for all participants and Eclipse as a whole. Lockup period: 6 months
2. X Engagement Platform:
The Eclipse team has built an engagement platform, https://x.eclipsechain.org/ , where participating users must connect their X accounts and complete a daily set of tasks which involve engaging with specified pieces of content through retweets, likes, and comments. For every completed action the user earns more and more points that will at a later date be convertible to $ECLPS at a set ratio. The token supply for this will also come from the minting function remaining on.
Token Vesting and Lockup
Tokens allocated to the team, advisors, development, and operations will have a vesting period of 1.5 years, during which a certain percentage of tokens will be released at regular intervals.
NOTE: The $ECLPS minting function will be turned off once both programs come to completion.
Token Distribution Timeline
The token distribution timeline will follow the vesting schedule as specified in the Token Vesting and Lockup section.
+6 Months
20% of allocated tokens released
+9 Months
20% of allocated tokens released
+1 Year
30% of allocated tokens released
+1.5 Year
30% of allocated tokens released
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