📎Distribution and Treasury

STERLING Distribution

10% Partner NFTS: We have reserved (10%) $veSTR to distribute to partner protocols after the launch. Partners will receive a custom 4 year lock veNFT. This will be used to engage partners in the ecosystem through grants. We will consider a variety of metrics in assessing protocol partnerships , including TVL, transaction volume, unique wallets, other partners and advisors’ input.

15% Team: This will be placed in either a vesting contract or on llamapay with a 6-month linear vest. 10% Initial Liquidity: Initial liquidity generation for $USDC/$STR –OR– Private Seed rounds Treasury tokens are used at the discretion of the team however the tokens are earmarked for; 15% Core Emissions (Treasury NFT): This will be locked for 4 years, same as a partner NFT, and will be used to direct emissions towards core pools in the beginning. Once the protocol is established and running more self sufficiently regarding where emissions are going, we plan to use these NFTs for other purposes such as for new partners, community bounties, or compensation for dev work as we work towards our already planned V2 (yes we are thinking that far into the future) 10% Bribe Matching: Bribe Matching to our partners will be subject to terms and conditions and will be done at the discretion of the Team. This will be used when felt necessary for promoting more bribes.

25% External Bribes to core pools. The external bribe portion of the initial distribution will also be subject to terms and conditions, and will be used in combination with the treasury veNFTs in order to strike a balance if a higher voting APR is desired via inflation.

15% Marketing and Promotions This portion of the initial allocation is our way to redistribute the tokens to the community in a way that is fair and to prevent sybil attacks. You can think of it as an airdrop, with extra steps. This part will be liquid, but in order to not dilute anyone, it WILL be locked upon distribution from anywhere between the standard 3 months lock time and 4 years. We wanted to keep the flexibility to reward everyone, but since its hard to gauge every single way we plan to torture you, we need the flexibility to decide the lock time as we go. To be clear, our decision to award tokens for tasks will entirely be subjective and depend on the complexity of the tasks and challenges the team will think of. Here are some examples: lock bonus promotions, competitions, etc.,

Additional details:

Initial Mint: There will be 1 millions tokens set for the initial mint.

Initial LP listing price: This will be $1 with an LP of 50k USDC and 50k STR (100k total tokens for the initial launch, half of which was sold to the seed investors).

Seed sale: The initial seed sale was priced at $1 per token and the initial market cap at launch will be $100,000.

For more information on our seed sale visit here.