The ARCx Governance Tokens currently allows token holders to vote on expenditure from the treasury. In the future ARCx token holders will be able to receive cash flows generated from the network and participate in native on-chain governance to upgrade the protocol itself. Listed below are all the addresses related to the ARCx token. In order to get a better understanding of how the ARCx Token works from an emissions and allocations perspective, please read: https://arcx.substack.com/p/introducing-arcx
Official ARCx Governance Token Address. Minting capabilities controlled by the ARCx team.
ARCx Emissions Distributor. 19.1% of the supply goes to the community treasury, 15.5% to the core team & 5.41% to the original angel round.
Vested Phase 2 tokens that will be distributed 6 months after the launch of the token.
Unsold Phase 2 tokens that can be sold at the discretion of the ARCx team.
ARCx DAO Treasury Address. Funds are voted on via Snapshot voting and executed via a multi-sig.
Vested Core team tokens. Initial lock up for 6+6 months, vested continuously for 36 months after. Total 4 year vesting. 15.5% total, 1% allocated to $KERMAN holders.
Vested Angel round tokens. Initial lock up for 6+6 months, earned continuously via emissions for a total of 4 years.
Taken as a part of the Core team allocation, 1% (from the Core team 15.5%) is distributed to $KERMAN holders. More details around claiming for this will be made in the coming months.
Note: 6+6 months refers to 6-months pre-token tradability and 6-months post-token tradability. This was a decision taken by the Core team and Angel investors to ensure that the token tradability event was as fair as possible to network participants.