Canto(CANTO) Details on genesis & distribution

$0.1508

8.10%

Tokenomics

We're nearing the public launch of Canto, a Layer 1 blockchain providing core DeFi primitives designed to support the Free Public Infrastructure. We're excited to invite the community to review the following details on token distribution for the Canto network, including the inaugural liquidity mining incentives, and grants for eligible participants in the Settlers of Cantos testnet event.

Genesis Block

At genesis, 1B tokens were minted. The tokens will be distributed in the following manner:

Contributors: 13.0%
Settlers of Canto: 2%
Future Grants: 5%
Medium-Term Liquidity Mining: 35%
Long-Term Liquidity Mining: 45%

Tokens not yet distributed (Grants and Future Liquidity Mining) will be kept in the community pool.

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Approval:92% Votes:271

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