CNTR Tokenomics
Tokens being transferred out to external protocols will be locked by the Centaur Bridge, and later be released when they are transferred back onto the Centaur Chain. This will allow investors to connect to multiple external platforms with ease and keeps the supplies of both versions of the CNTR token constant: pre-existing CNTR ERC-20 tokens can be bridged into the newer CNTR native tokens, and vice versa. Once the Centaur Bridge goes live, CNTR holders can delegate their tokens to any available mainnet validators and Centaurians who are familiar with the process of setting up validator nodes can also do so. CNTR token delegation contributes to the overall security of the mainnet, although the CNTR native token is needed for staking on its validator nodes.
Centaur concluded a fundraising round in October 2020 and CNTR was minted and locked up in vesting contracts (for a list of contract addresses, please refer to this article). The distribution and vesting schedule is as follows:
- 38.13% - Ecosystem (4-year vesting schedule)
- 20% - Reserves (4-Year vesting schedule)
- 10% - Team (3-year vesting schedule with a 9-month cliff)
- 5% - Advisors (3-year vesting schedule with a 9-month cliff)
- 14.38% - Private Sale (1-year vesting schedule)
- 11.11% - Seed (10-year vesting schedule with a 1-year cliff)
- 1.39% - Public Sale (released upfront with voluntary 1 month vesting schedule)
Last modified 1yr ago