aleph.im is a decentralized cloud storage, database and computing platform, that is compatible with blockchains and speaks their languages. It aims to be the infrastructure layer of the DeFI (decentralized finance) ecosystem.
Explore the tokenomics of Aleph.im(ALEPH) and review the project details below.
What is the allocation for Aleph.im(ALEPH)?
Aleph.im is excited to announce we are ready to conduct our token supply reduction. On July 31st 2020, 12:00pm GMT+2, our maximum total supply will change from 1 billion ALEPH to 500 million ALEPH. We want to thank the community for their patience this past week as we have been busy solidifying the partnership with FTX-backed Serum Foundation.
In order to conduct the token supply reduction, we are making changes to the current token amounts in 5 of the 6 pools discussed in our prior tokenomics update.
Innovation Pool(10%): The new amount for this pool will be 50 million (starting at 50 million available, 0.9 million unlocked per month, starting July 2021). Tokens not used that month will remain in the pool unlocked to be used as needed. This pool is intended to fund ecosystem projects, grants for future projects, etc. The unlock of these tokens will not begin until July 2021. The Innovation Pool will be unlocked over a 4.5 year period, ending in 2026.
Marketing Pool(12%): The new amount for this pool will be 60 million (starting at 60 million available, 1 million unlocked per month, starting January 2021). Of the tokens not used each month, 1/2 will be moved to the Innovation Pool and the remaining 1/2 not used will remain in the wallet unlocked to be used as needed. The Marketing Pool will be unlocked over a 5 year period, ending in 2025.
Company Pool(30%): The new amount for this pool will be 150 million (starting at 150 million available, 2.5 million unlocked per month, starting September 2020). Tokens not used that month will remain in the pool unlocked to be used as needed. The company pool will be unlocked over a 5 year period, ending in 2025.
Business Development Pool(24%): The new amount for this pool will be 120 million. These tokens will remain unlocked. We believe this will allow for a balanced and measured approach to increase distribution of ALEPH tokens in circulation for use based on our development roadmap, while still allowing enough flexibility for business development initiatives as they arise.
Incentives Pool(20%): 100 million total (starting at 55 million available, as 45 million were already distributed through POCM). There are approximately 55 million ALEPH remaining in this pool as 45 million have been placed into circulation via POCM and node rewards.
NULS Foundation Pool(4%): The new amount for this pool will be 20 million. These tokens will remain locked until further notice. These tokens will be unlocked and released according to a vesting schedule that is still TBD. This vesting schedule will ensure future collaboration and continued long term support between the NULS Foundation and aleph.im.
aleph.im is a decentralized cloud storage, database and computing platform, that is compatible with blockchains and speaks their languages. It aims to be the infrastructure layer of the DeFI (decentralized finance) ecosystem.