THALES Token Distribution

THALES is a standard ERC-20 used by the community as the governance token of Thales DAO. Token distribution follows the outline below:

Distribution Breakdown

Pie chart of token distribution

Unlock schedule

8.75% to SNX stakers

• 2.25% SNX staking distribution up until implementation of TIP-37 - Distribution Completed

• 4.5% Retroactive distribution for SNX staking (L1 and OP) - Distribution Completed

• 2% Airdropped to every SNX staker (L1 and OP) - Distribution Completed

18% Thales Core Contributors - Vesting for 3 years starting Q2 2022

15% THALES stakers - Ongoing 3 year long distribution that started Q4 2021 Includes SNX stakers in gamified staking rewards bonus, along with protocol volume bonus

58.25% Growth Fund:

• 9% to Strategic Partners - 2 year long distribution that started Q4 2021

• 2% Crowdpooling event on DODO - Distribution Completed

• 1% Initial DODO LP reward - Distribution Completed

• 46.25% to ThalesDAO treasury

  • 18% Distributed to Treasury on TGE to be used as ad-hoc Growth incentives

  • 2% sent back to treasury from disengaged Thales Core Contributor (TIP-9)

  • 26.25% reallocated to Treasury from termination of SNX rewards (TIP-37)

You can find a more detailed explanation of THALES tokenomics in this Medium article.