SweetDAO wants to ensure there is an equal opportunity for all those that want to be involved with the SweetDAO community. The token supply allocation will be made as follows:
- 50% will be available to the community through the liquidity mining programs.
- 25% will be made available to the development team. This will vest over a 3 year period.
- 25% will be given to the Sweet Protocol instantly. Since liquidity service charge fees are based on how many tokens a user owns, by allocating 25% of the SWEET tokens to the Sweet Protocol it means the Sweet Protocol will collect liquidity service fees for itself. These collected fees will go directly into the Sweet Protocols treasury, ultimately as Protocol Owned Liquidity. Doing this ensures the long term viability of the project and will increase SweetDAO’s ability to be a self sustaining independent long term business.
We would like to ensure that the token distribution is as fair as possible, for this reason we won't be holding an ICO or IDO.