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Allocation

How the $DSWP token will be distributed.

Overview

$DSWP is the governance token of DotSwap and its community. It has a circulating supply of 27,380,620. The fixed total supply is 1,200,000,000 (of which 22.76% is burned, and 74.958% locked, leaving only 2.282% in circulation).
74.958% of its supply was set to be released over 4 years as incentives for LP (liquidity providers), and as support for the growth of DotSwap and its community, which is set to start together with DotSwap's future LP mining program.
Through community effort, 1.3 BTC is raised to create an initial liquidity pool. DotSwap took 100% of the raised funds together with 2.282% of total $DSWP supply (which is the current circulating supply: 27,380,620 $DSWP) and created the liquidity pool, making the starting price for $DSWP be 10 sats/$DSWP.
22.76% of the total supply is burned (sent to 1BitcoinEaterAddressDontSendf59kuE) through community and early supporters' decision, bringing the maximum supply of $DSWP down to 926,880,620.
We took inspiration from Uniswap and its governance token $UNI, and curated this tokenomics for $DSWP, which is meant to serve as the ultimate utility token and incentivizer for the DotSwap ecosystem.

Circulating Supply

27,380,620

Distribution

Category
Distribution
LP Rewards
60%
DAO Governance
14.958%
Initial Liquidity Pool
2.292%
*Burned
22.76%

Community

  • 74.958%: Community (to be release over 4 years as mining rewards)

Initial Liquidity Pools

Burned

1BitcoinEaterAddressDontSendf59kuE is a a widely recognized bitcoin burn address. All BTC assets sent to this address are rendered inaccessible for spending by any party.