Previous: Accumulate Tokenomics Model Part 1
Initial Token Distribution
The native ACME token of Accumulate has a maximum supply of 500M tokens. An Activation Block of 150M tokens will be released upon Mainnet launch and divided among a Grant Block and Developer Block of 60M and 90M tokens, respectively.
The Grant Block will be distributed as a reward to community members for building on and improving the protocol. Approximately 50% of the Grant Block will be allocated to governance, which includes exchange negotiations, certain professional fees, and community management. Core development, ecosystem development, and business development will account for the remaining 25%, 10%, and 15% of the Grant Block, respectively.
The Developer Block will be allocated directly or indirectly to shareholders, advisors, protocol contributors, and team members. Approximately 88% of the Developer Block will be delivered to DeFi Devs for the benefit of its shareholders and to support protocol development. Compensation for unpaid work performed before the seed round will account for 4% of the Developer Block. Advisors, external protocol contributors, and miscellaneous expenses will account for the remaining 2%, 4%, and 2% of the Developer Block, respectively.
An additional 50M tokens will be distributed to FCT holders at Mainnet launch as Factom is decommissioned and replaced by Accumulate. The conversion rate for the token conversion has been fixed at 1 FCT = 5 ACME. Between the token conversion and Activation Block, a total of 200M tokens out of the 500M max supply will be released upon Mainnet launch. The initial allocation of tokens among the Activation Block, Unissued Pool, and Factom-to-Accumulate conversion is illustrated in the interactive pie chart below.
Users need to purchase Credits to pay for services on the Accumulate blockchain. Credits are non-transferable tokens with a fixed USD cost that will allow enterprises to budget their expenses without reference to market conditions. Since Credits are non-transferable, they can be acquired only by burning ACME.
ACME’s tokenomics follow the Burn-and-Mint Equilibrium (BME) model in which any ACME that is burned to create Credits is returned to a pool of uncirculated tokens. Initially, this uncirculated pool will contain 300M tokens or 60% of the max supply. Every month, 1-2% of the tokens in the uncirculated pool will be minted as ACME is burned to create Credits.
In its first year, Accumulate will carry over Factom’s Proof-of-Authority (PoA) consensus mechanism and 100% of minted ACME will be delivered to stakers & validators as a reward for securing the network. As Accumulate migrates from PoA to Delegated Proof-of-Stake (DPoS), a portion of minted ACME will be added to the Grant Pool to support partnerships and development.
How can I currently acquire FCT?
How can I get tokens?
Hello, FCT markets currently include Bittrex and Qtrade: https://coinmarketcap.com/currencies/factom/markets/
FCT will convert to ACMe at a 1:5 ratio. See here for more information: https://accumulatenetwork.io/learn/#acme
This is a wonderful innovation and I want to be part of it, invest in it especially in formative stages.
I shall certainly buy ACMEs