Initial Token Distribution

The Stead company will maintain a treasury of tokens, while others are reserved for Founders and LP Farmers, this will ensure the expansion and development of the Stead platform

4,000,000 tokens will be pre-minted to help with development, liquidity, and the early funding of floating assets, they are broken up into these 4 categories:

1,800,000 Stead will be held by ArkPad in a slush fund to spend on floating assets, Strategic Partnerships and Investment, Marketing Partnerships, and fund other expansions to the Stead platform including the possible development of a DAO to control future governance. 900,000 of these tokens will be available upon deployment of the smart contracts in February 2024, while the remaining 900,000 will be vested into the treasury multi-sig wallet over 2 years.

200,000 Stead will be distributed over 2 years to liquidity farmers. An LP Farm will be available on Stead.Builders paying out 135,000 tokens the first year to LP providers, and 65,000 the next year. This is in order to guarantee a minimum amount of liquidity on Arbitrum over the first 2 years, and facilitate the trade needed to get our platform off the ground. This amount may be subject to change in the months leading up to launch as well as the other amounts, but will be finalized at launch.

2,000,000 Stead will be vested to 3 founders, with 50% being granted at TGE and the remaining 50% over a 2 year emission period.

In addition to the pre-minted tokens mentioned above, another wallet will exist containing additional pre-minted tokens for early buyers and those on the waitlist.

1,000,000 Stead will be used in Discount sales. These pre-minted tokens will be held in a special wallet away from the other funds, and only unlocked during special discount sales, which will offer a 20% discount from the standard minting price. After these 1,000,000 Stead run out, no more sales will ever be run again offering a discounted price.