Block Authority Commitment to Fair Token Allocation and Block Reward Distribution

Voi Foundation
2 min readSep 19, 2024

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Dear Voi Community,

We are pleased to announce a key decision regarding token allocation and the distribution of block rewards. These measures have been carefully designed to ensure the long-term health and sustainability of our ecosystem while maintaining transparency and fairness.

Block Reward Allocation

Effective at the launch of Mainnet, the Block Authority has agreed to cap the amount of rewards it will receive to 25%. If it is scheduled to receive more than 25%, the excess will be split among the block producers of that epoch. This decision ensures a balanced and fair distribution of rewards across the network. Even if the BA holds more than 25% of the total network stake, it will never claim more than 25% of block rewards in any given epoch. Any excess rewards will be redistributed among other network participants.

Core Team and Treasury Token Allocation

We have also established clear guidelines for how the tokens it controls will be managed. These include 10% for the Core Team and 15% for the Treasury.

Core Team Token Lockup:
100% of the Core Team’s tokens will be locked for two years. After the lockup period, tokens will be distributed through linear vesting over the next three years. This structure ensures gradual distribution, aligning the long-term interests of the team with the success of the project.

Treasury Lockup Structure:
The 15% of tokens allocated to the Treasury will be divided into three equal buckets of 5%, unlocking at specific intervals.

  • The first 5% will unlock at the Token Generation Event (TGE).
  • The second 5% will unlock two years after TGE.
  • The final 5% will unlock five years after TGE.

Treasury Token Selling Rules

To maintain market stability, the Block Authority will follow a structured token-selling approach. This includes a rules-based approach for selling from dedicated, publicly disclosed wallets. Daily sales will be limited to the lesser of two constraints:

  • A fixed daily amount based on projected medium-term volumes.
  • A small percentage of the total estimated market volume on a given day.

Sales will be automatically halted in the event of a 10% price drop within 24 hours or if the price falls below a fixed threshold. Additionally, the BA reserves the right to halt sales at its discretion.

Commitment to a Balanced Ecosystem

These measures are designed to ensure that the Voi ecosystem remains fair, balanced, and community-driven, reflecting our dedication to long-term growth and sustainability.

We look forward to your continued support as we work together to build a stronger future for the Voi ecosystem.

Best regards,

Block Authority

FOUNDATION ANNOUNCEMENT

COUNCIL APPROVAL

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Voi Foundation
Voi Foundation

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