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Understanding the DECKS Tokenomics Model

July 24, 2024

Understanding the DECKS Tokenomics Model

The DECKS Tokenomics model is meticulously designed to foster ecosystem growth, incentivize participation, and ensure the long-term sustainability of the initiative. In this article, we'll delve into the detailed tokenomics of DECKS and explore why projects joining the second cohort of the DecaHack should leverage this token by incorporating robust tokenomics into their projects.

Total Supply and Distribution of DECKS Tokens

The total supply of DECKS tokens is fixed at 500 million, ensuring a finite supply that promotes scarcity and value retention over time. The distribution of these tokens is strategically planned to support the DecaHack community and drive ecosystem growth. Here's a breakdown of the allocation:

1. Airdrop Distribution (60% - 300 million DECKS)

  • Participants and Supporters (50% - 250 million DECKS):
    • Tokens are airdropped to DecaHack participants and registered supporters over multiple cohorts.
    • Distribution is based on engagement levels and contributions to the community, ensuring ongoing incentives for new participants.
  • Project Airdrops (10% - 50 million DECKS):
    • Successful DecaHack projects are required to airdrop at least 10% of their total token supply to DECKS holders.
    • This continuous stream of project tokens maintains community engagement and provides ongoing rewards.

2. Ecosystem Growth and Partnerships (20% - 100 million DECKS)

  • Venture Capital and Strategic Partners (10% - 50 million DECKS):
    • Tokens are allocated to venture capital firms, strategic partners, and key ecosystem supporters to secure funding, mentorship, and resources for emerging startups.
  • Community and Ecosystem Development (10% - 50 million DECKS):
    • Tokens support community-building activities, hackathons, workshops, and marketing efforts to promote the DECKS token and the DecaHack initiative.

3. Reserve and Future Initiatives (15% - 75 million DECKS)

  • Future Projects and Innovations (10% - 50 million DECKS):
    • Reserved to fund innovative projects and new initiatives that align with the mission of ICP.Hub Sahara and DecaHack.
  • Emergency Fund (5% - 25 million DECKS):
    • Maintained to address unexpected challenges or needs, ensuring the stability and continuity of the DecaHack initiative.

4. Team and Advisors (5% - 25 million DECKS)

  • Team Allocation (3% - 15 million DECKS):
    • Tokens distributed to core team members as a reward for their hard work, vested over two years with a six-month cliff.
  • Advisors Allocation (2% - 10 million DECKS):
    • Tokens allocated to advisors for strategic guidance and support, also vested over two years.

Vesting Schedule

To ensure stability and prevent market volatility, the following vesting schedules will be implemented:

  • Team and Advisors: Tokens vested over two years with a six-month cliff, released monthly after the cliff.
  • Strategic Partners and Ecosystem Development: Tokens vested over one year with a three-month cliff, released quarterly after the cliff.

Benefits of Tokenomics for DecaHack Projects

For projects joining the second cohort of the DecaHack, leveraging the DECKS tokenomics can offer significant advantages:

1. Enhanced Community Engagement

By incorporating tokenomics into their projects, participants can ensure continuous engagement from the community. Airdropping tokens to DECKS holders creates a strong incentive for community members to support and promote the project.

2. Increased Project Visibility

Projects that integrate DECKS tokenomics benefit from the extensive marketing and community-building efforts funded by the DECKS allocation. This visibility can attract more participants, supporters, and potential investors to the project.

3. Sustainable Growth and Development

The strategic allocation of DECKS tokens to venture capital firms and strategic partners provides projects with essential resources, mentorship, and funding. This support is crucial for the sustainable growth and development of new ventures within the DecaHack ecosystem.

4. Financial Rewards and Incentives

Projects that successfully implement DECKS tokenomics can reward their participants and supporters through airdrops and other incentive mechanisms. This not only motivates active participation but also fosters a loyal and engaged community.

Conclusion

The DECKS tokenomics unveiled by ICP.Hub Sahara are designed to create a thriving and sustainable ecosystem for the DecaHack community. Projects joining the second cohort of the DecaHack should leverage these tokenomics to enhance community engagement, increase visibility, and ensure sustainable growth. By making their projects tokenable, they can unlock numerous benefits that contribute to their overall profitability and success.