Overview and SRC tokenomics

Ribbon DAO consists of multiple smart contracts.

Ribbon DAO has two tokens:

1. SRC

   • governance voting

2. veSRC (vote-escrowed SRC)

   • governance voting

   • gauge voting

   • boosts $SRC rewards earned on staked vault tokens

   • gauge voting bribe yield in BNB, USDC, SRC

   • boosting bribe yield in BNB, USDC, SRC

   • share of protocol revenue

Token distribution

Token supply 1000 trillion

Officials can increase supply at any time based on ecological development

Community contributors 60%

Community contributors include those individuals and teams who actively contribute in various aspects such as project development, promotion, social media communication, etc. They will be rewarded with 60% of the project’s total token supply to encourage their continued participation and contribution.

Team and developers 30%

The core team and developers of the project will receive 30% of the token supply as their incentives and rewards. This helps ensure the sustainable development of the project and incentivizes developers to continuously improve and maintain the ecological governance system.

Ecological Development Fund 4%

The ecological development fund will account for 4% of the total token supply. This fund is used to support the project’s ecosystem development, including funding ecological projects, partnerships, and community building.

Marketing and Adoption 3%

The proportion of tokens used for marketing and adoption is 3%. These funds will be used to expand the project’s visibility, promotion and promotion activities to attract more users and investors.

Reserves and future development 3%

The last 3% of the token supply will be used for the project’s reserves and future development. These funds can be used for project sustainability, addressing future challenges and development in response to market demands.